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Paycom Increases Number of Sales Teams, Opens Milwaukee Office

Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software delivered as Software-as-a-Service, today announced the opening of a sales office in Milwaukee, Wis., growing Paycom’s total number of sales teams to 43 nationwide.

“We are excited to announce our new sales office in Milwaukee,” said Paycom’s founder and CEO, Chad Richison. “Based on the business density and employee demographics, we believe this location presents a great opportunity for Paycom. We also look forward to opening additional offices throughout the year when it makes the most sense for our business.”

The new office will be led by a proven sales manager from a well-established office. This individual will be responsible for hiring and developing talented sales professionals to enhance Paycom’s presence and increase its market share.

“We are committed to forming lasting relationships with organizations across the country by supplying businesses with the cost-effective functionality and software they need to engage their workforces and create HR efficiencies,” said Paycom’s chief sales officer, Jeff York. “We believe Milwaukee offers great opportunity for Paycom to continue to win new clients and help them streamline their business processes with our best-in-class, unified payroll and human capital management solution.”

Named as one of the most engaged workplaces in 2016 by Achievers and the top workplace in Oklahoma based on the results of an employee feedback survey administered by WorkplaceDynamics, Paycom now has sales offices located in Atlanta, Austin, Baltimore, Boston, Brooklyn, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, Fort Worth, Houston, Indianapolis, Kansas City, Los Angeles, Miami, Milwaukee, Minneapolis, Nashville, New York City, Oklahoma City, Orange County, Parsippany, Pasadena, Philadelphia, Phoenix, Pittsburgh, Portland, Sacramento, San Antonio, San Francisco, Seattle, Silicon Valley, Stamford, St. Louis, Tampa, Tulsa and Washington, D.C.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements that look to future events and include, but are not limited to, statements regarding our business strategy; trends, opportunities and risks affecting our business, industry and financial results; future expansion or growth plans and potential for future growth; and our plan to open additional sales offices and our ability to effectively execute such plan. In addition, forward-looking statements also consist of statements involving trend analyses and statements including such words as “anticipate,” “believe,” “could,” “expect,” “may,” “might,” “plan,” “possible,” “potential,” “project,” “should,” “would,” and similar expressions or the negative of such terms or other comparable terminology. These forward-looking statements speak only as of the date hereof and are subject to business and economic risks. As such, our actual results may differ materially from those set forth in the forward-looking statements as a result of the factors discussed in our filings with the Securities and Exchange Commission, including but not limited to those discussed in our Annual Report on Form 10-K for the year ended December 31, 2016. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

About Paycom

As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.

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