Web-based benefits enrollment and administration technology offers Paychex
clients expanded opportunity to meet employee benefits needs
Rochester, NY (September 13, 2007) - Paychex, Inc., a leading provider of
payroll and human resource services, today announced the acquisition of
Hawthorne Benefit Technologies, Inc. and BeneTrac, its powerful online
employee benefits management and administration system. Hawthorne, founded
in 1999, is based in San Diego, California and now operates as Paychex
Benefit Technologies, Inc., a wholly owned subsidiary of Paychex.
BeneTrac's Web-based benefits enrollment and administration technology
provides real-time, 24-hour access for HR administrators and employees.
BeneTrac offers benefits administrators numerous capabilities, including the
ability to conduct open enrollment sessions online, access to numerous
standard and customizable reports, and integration with payroll.
Additionally, BeneTrac's self-service portal helps meet employees' desire to
access their benefits information at any time online.
"Paychex is committed to providing products and services that meet the
growing, changing needs of our clients," said Jonathan J. Judge, president
and CEO, Paychex. "BeneTrac is a recognized industry leader in employee
benefits information systems, and we believe that BeneTrac's software is a
great compliment to our current benefits services, particularly for Paychex
Major Market Services clients."
"Listening to customers' needs and working to meet them is a philosophy that
BeneTrac and Paychex share," said Jerry D. Hawthorne, president and CEO,
BeneTrac. "With the acquisition of BeneTrac by Paychex, customers can
expect a continued focus on quality, support, and innovation, while also
having access to even more options to meet their needs."
The transaction was structured as an acquisition of substantially all of the
assets of Hawthorne by a wholly owned subsidiary of Paychex, and all
eligible Hawthorne employees have been offered employment with Paychex.
For more information about Paychex and BeneTrac products, call
1-800-322-7292.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading national 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 and
benefits outsourcing services include 401(k) plan recordkeeping, health
insurance, workers' compensation administration, section 125 plans, a
professional employer organization, time and attendance solutions, and other
administrative services for business. Paychex was founded in 1971. With
headquarters in Rochester, New York, the company has more than 100 offices
and serves approximately 561,000 payroll clients nationwide. For more
information about Paychex and our products, visit www.paychex.com.
Laura Saxby Lynch
Paychex, Inc.
Corporate Communications Director
585-383-3074
lsaxbylynch[at]paychex.com
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