Paychex Named One of the World’s Most Innovative Companies by Forbes Magazine

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today announced it has been named to Forbes Magazine’s list of the World’s Most Innovative Companies, coming in at #76.

The 100 companies included on the list are ranked by Innovation Premium – the premium the stock market gives a company because investors expect it to launch new offerings, utilize existing resources more efficiently, or enter new markets that will generate even bigger income streams in the future.

“We’re honored to be included among this list of great innovators,” said Martin Mucci, Paychex president and CEO. “Paychex is focused on delivering solutions to our clients that combine innovative technology with exceptional customer service – all while driving growth for the company and expanding the markets we serve.”

This is Paychex’s first appearance on the World’s Most Innovative Companies list, which has been published annually since 2011. Paychex is the only company named in the business and personal services industry.

For the complete list of the World’s Most Innovative Companies, visit: http://www.forbes.com/innovative-companies/list/.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 580,000 payroll clients as of May 31, 2014. For more information about Paychex and our products, visit www.paychex.com.

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Paychex, Inc.
Lisa Fleming, 585-387-6402
Public Relations Manager
lfleming@paychex.com
@PaychexNews

Source: Paychex, Inc.

Released August 25, 2014