by Aamir H. Kothari
|Fair Value Estimate|
Switching Costs, Cost Adv-Scale
What does it do
Paychex Inc competes in the payroll outsourcing industry. It is the second-largest player in terms of revenue and focuses on providing this service to small and midsize businesses. Paychex was created from the consolidation of 17 payroll processors in 1979 and services about 650,000 clients. The firm has almost 13,000 employees and is based in Rochester, New York.
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