<p>2025 年 4 月 14 日- 上午 09:26</p>
<p><em>此次交易增强了 Paychex 在高端市场的地位，开启了新的收入渠道，并扩展了战略足迹和能力</em></p>
<p>纽约罗切斯特 --（商业新闻）--Paychex, Inc.（纳斯达克：PAYX）（“Paychex”），一家行业领先的人力资本管理（HCM）公司，今天宣布成功完成对 Paycor HCM, Inc.（纳斯达克：PYCR）（“Paycor”）的收购，后者是 HCM、薪资和人才软件的领先提供商。</p>
<p>“Paycor 的收购将两家行业领导者结合在一起，拥有无与伦比的人工智能技术，并提供世界级的服务和咨询能力，” Paychex 总裁兼首席执行官 John Gibson 表示。“我们共同重新构想了公司如何满足当今劳动力的需求，提供行业内最全面、灵活和创新的 HCM 解决方案。我们的综合产品使各类组织的领导者能够更好地应对挑战，无论其规模、行业或发展阶段如何。我们的客户将比以往任何时候都拥有更多选择、更多专业知识和更多灵活性。”</p>
<p>“此次交易增强了我们在高端市场的竞争地位，开启了新的收入机会，并为可持续的长期增长奠定了基础，” Gibson 补充道。“我们的整合战略将优先考虑加速销售扩展和产品创新，以推动我们的增长。我们热烈欢迎才华横溢的 Paycor 团队，并期待利用他们的优势来实现这一机会的全部潜力。”</p>
<p><strong>交易亮点</strong></p>
<ul>
<li>以现金方式收购 Paycor 100% 的股份，每股 22.50 美元，企业价值约为 41 亿美元</li>
<li>综合产品将成为行业内最全面的 HCM 产品组合，使 Paychex 能够更好地满足新老客户在各个市场细分中的需求</li>
<li>预计在 2026 财年实现超过 8000 万美元的年度成本协同效应，并在未来几年内实现可观的收入协同机会</li>
<li>预计在 2026 财年对调整后的稀释每股收益（EPS）产生积极影响 (1)</li>
<li>Paychex 仍然致力于维持其分红政策和强劲的资产负债表</li>
</ul>
<p>(1) 调整后的稀释每股收益（“EPS”）不是美国公认会计原则（“GAAP”）的衡量标准。有关这些指标的讨论，请参阅我们的 10-K 表格年度报告。</p>
<p><strong>顾问</strong></p>
<p>摩根大通证券公司担任 Paychex 的独家财务顾问，Davis Polk &amp; Wardwell LLP 担任 Paychex 的法律顾问。高盛公司担任 Paycor 的独家财务顾问，Kirkland &amp; Ellis LLP 担任 Paycor 的法律顾问。</p>
<p><strong>关于 Paychex</strong></p>
<p>Paychex, Inc.（纳斯达克：PAYX）是数字驱动的人力资源领导者，重新构想了公司如何满足当今劳动力的需求，提供最全面、灵活和创新的 HCM 解决方案，适用于各类组织。Paychex 提供全方位的人力资源咨询和员工解决方案，支付美国私营部门每 11 名工人中的 1 名，并在美国和欧洲近 80 万客户中提升了 HCM 的标准。Paychex 团队的每一位成员都致力于实现公司的使命，帮助企业成功。请访问 paychex.com 了解更多信息。</p>
<p><strong>关于前瞻性声明的警示说明</strong></p>
<p>本新闻稿中的某些书面声明可能包含，管理层可能不时做出或讨论的声明构成 “前瞻性声明”，根据 1995 年美国私人证券诉讼改革法的安全港条款。前瞻性声明可以通过诸如 “预计”、“展望”、“将”、“指导”、“预测”、“战略”、“使命”、“预期”、“相信”、“可以”、“可能”、“设计”、“期待”、“可能”、“潜在”、“应该” 等类似词语或短语来识别。前瞻性声明包括但不限于所有非历史事实的事项。前瞻性声明的示例包括我们对运营表现、事件或发展情况的预期或预期的声明，包括与我们的展望、收入增长、收益、每股收益增长及类似预测相关的声明。</p>
<p>前瞻性声明既不是历史事实，也不是未来表现的保证。相反，它们仅基于我们当前的信念、期望和假设，涉及我们业务的未来、未来计划和战略、预测、预期事件和趋势、经济以及其他未来条件。由于前瞻性声明涉及未来，因此它们受到已知和未知的不确定性、风险、环境变化和其他难以预测的因素的影响，其中许多因素超出我们的控制。我们的实际表现和结果，包括但不限于我们的实际结果和财务状况，可能与前瞻性声明中所指示或暗示的情况有重大差异。因此，您不应依赖任何这些前瞻性声明。可能导致我们的实际结果和财务状况与前瞻性声明中所指示的情况有重大差异的重要因素包括但不限于以下几点：</p>
<ul>
<li>我们跟上技术变化或及时增强我们的解决方案和支持的能力；</li>
<li>我们解决方案中的软件缺陷、未被发现的错误和开发延迟；</li>
<li>网络攻击、安全漏洞或互联网中断的可能性，包括数据安全和隐私泄露、数据丢失和业务中断；</li>
<li>在灾难事件中我们的业务连续性计划失败的可能性；</li>
<li>第三方服务提供商未能履行其职能的风险；</li>
<li>我们与 PEO 业务的共同雇佣关系可能带来的额外风险；</li>
<li>健康保险和工人赔偿保险费率及其潜在索赔趋势的变化；</li>
<li>与收购及我们收购的业务整合相关的风险，包括与 Paycor 整合相关的风险；</li>
<li>我们客户未能偿还我们代表他们支付的款项；</li>
<li>政府法规变更对扣税金额或汇款时间的影响；</li>
<li>我们未能遵守债务协议中的契约；</li>
<li>政府法规、法律和政策的变化；</li>
<li>我们遵守美国和外国法律法规的能力；</li>
<li>我们遵守数据隐私和人工智能法律法规的能力；</li>
<li>我们未能保护我们的知识产权；</li>
<li>与待决或未来诉讼事项相关的潜在结果；</li>
<li>宏观经济因素对美国和全球经济的影响，特别是对我们的小型和中型企业客户的影响；</li>
<li>政治和经济环境的波动，包括通货膨胀和利率变化；</li>
<li>我们吸引和留住合格人才的能力；以及</li>
<li>负面宣传对我们声誉和品牌价值的可能影响。</li>
</ul>
<p>上述任何因素，以及我们在 SEC 文件中讨论的其他因素，都可能导致我们的实际结果与预期结果存在重大差异。本文件中提供的信息基于截至本新闻稿日期已知的事实和情况，任何我们在本文件中所作的前瞻性声明仅在作出时有效。除法律要求外，我们没有义务在本新闻稿发布后更新这些前瞻性声明，以反映该日期之后的事件或情况，或反映意外事件的发生。</p>
<p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTA0MTMxNjUzNDlyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTA0MTMxNjUzNDlyMQ"/></p>
<p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20250413165349/en/</p>
<p>Paychex 投资者关系：</p>
<p>Rachel White，投资者关系总监</p>
<p>Phil Nicosia，投资者关系经理</p>
<p>(800) 828-4411</p>
<p>investors@paychex.com</p>
<p>Paychex 媒体咨询：</p>
<p>Tracy Volkmann</p>
<p>公共关系经理</p>
<p>(585) 387-6705</p>
<p>tvolkmann@paychex.com</p>
<p>来源：Paychex, Inc.</p>

PYCR

沛齐

<p>Paychex, Inc. 已完成对 Paycor HCM, Inc. 的收购，交易金额为 41 亿美元，增强了其在人力资本管理市场的地位。这笔全现金交易的每股价值为 22.50 美元，预计到 2026 财年将产生超过 8000 万美元的年度成本协同效应，并将对调整后的摊薄每股收益产生积极影响。Paychex 旨在利用两家公司结合的优势，推动 HCM 解决方案的增长和创新，惠及多样化的客户群体</p>

<p>04/14/2025 - 09:26 AM</p>
<div class="lb-trans"><p>2025 年 4 月 14 日- 上午 09:26</p>
</div><p><em>Deal strengthens Paychex’s upmarket position, unlocks new revenue channels, and expands strategic footprint and capabilities</em></p>
<div class="lb-trans"><p><em>此次交易增强了 Paychex 在高端市场的地位，开启了新的收入渠道，并扩展了战略足迹和能力</em></p>
</div><p>ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) (“Paychex”), an industry-leading human capital management (HCM) company, today announced the successful completion of its acquisition of Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of HCM, payroll and talent software.</p>
<div class="lb-trans"><p>纽约罗切斯特 --（商业新闻）--Paychex, Inc.（纳斯达克：PAYX）（“Paychex”），一家行业领先的人力资本管理（HCM）公司，今天宣布成功完成对 Paycor HCM, Inc.（纳斯达克：PYCR）（“Paycor”）的收购，后者是 HCM、薪资和人才软件的领先提供商。</p>
</div><p>“The Paycor acquisition unites two industry leaders with unrivaled AI-enabled technology supported by world-class service and advisory capabilities,” said John Gibson, Paychex president and CEO. “Together, we are reimagining how companies address the needs of today’s workforce with the most comprehensive, flexible, and innovative HCM solutions in the industry. Our combined offerings empower leaders in organizations of any size, in any segment, and at any stage. Our customers will benefit from more choice, more expertise, and more flexibility than ever before.”</p>
<div class="lb-trans"><p>“Paycor 的收购将两家行业领导者结合在一起，拥有无与伦比的人工智能技术，并提供世界级的服务和咨询能力，” Paychex 总裁兼首席执行官 John Gibson 表示。“我们共同重新构想了公司如何满足当今劳动力的需求，提供行业内最全面、灵活和创新的 HCM 解决方案。我们的综合产品使各类组织的领导者能够更好地应对挑战，无论其规模、行业或发展阶段如何。我们的客户将比以往任何时候都拥有更多选择、更多专业知识和更多灵活性。”</p>
</div><p>“This transaction strengthens our competitive position upmarket, unlocks new revenue opportunities, and positions us for sustainable long-term growth,” Gibson added. “Our integration strategy will prioritize accelerating sales expansion and product innovation to drive our growth. We warmly welcome the talented Paycor team and look forward to leveraging their strengths to realize the full potential of this opportunity.”</p>
<div class="lb-trans"><p>“此次交易增强了我们在高端市场的竞争地位，开启了新的收入机会，并为可持续的长期增长奠定了基础，” Gibson 补充道。“我们的整合战略将优先考虑加速销售扩展和产品创新，以推动我们的增长。我们热烈欢迎才华横溢的 Paycor 团队，并期待利用他们的优势来实现这一机会的全部潜力。”</p>
</div><p><strong>Transaction Highlights</strong></p>
<div class="lb-trans"><p><strong>交易亮点</strong></p>
</div><ul>
<li>All-cash acquisition of 100% of Paycor for $22.50 per share, representing approximately $4.1 billion of enterprise value</li>
<li>Combined offering will be the most comprehensive HCM portfolio in the industry, enabling Paychex to better meet the needs of new and existing customers across all market segments</li>
<li>Expected annual cost synergies of more than $80 million in fiscal 2026 and substantial revenue synergy opportunities over the next several years</li>
<li>Expected to be accretive to adjusted diluted EPS in fiscal 2026(1)</li>
<li>Paychex remains committed to maintaining its dividend policy and strong balance sheet</li>
</ul>
<div class="lb-trans"><ul>
<li>以现金方式收购 Paycor 100% 的股份，每股 22.50 美元，企业价值约为 41 亿美元</li>
<li>综合产品将成为行业内最全面的 HCM 产品组合，使 Paychex 能够更好地满足新老客户在各个市场细分中的需求</li>
<li>预计在 2026 财年实现超过 8000 万美元的年度成本协同效应，并在未来几年内实现可观的收入协同机会</li>
<li>预计在 2026 财年对调整后的稀释每股收益（EPS）产生积极影响 (1)</li>
<li>Paychex 仍然致力于维持其分红政策和强劲的资产负债表</li>
</ul>
</div><p>(1) Adjusted diluted earnings per share (“EPS”) is not a U.S. generally accepted accounting principles (“GAAP”) measure. Refer to our Annual Report on Form 10-K for a discussion of these measures.</p>
<div class="lb-trans"><p>(1) 调整后的稀释每股收益（“EPS”）不是美国公认会计原则（“GAAP”）的衡量标准。有关这些指标的讨论，请参阅我们的 10-K 表格年度报告。</p>
</div><p><strong>Advisors</strong></p>
<div class="lb-trans"><p><strong>顾问</strong></p>
</div><p>J.P. Morgan Securities LLC served as the exclusive financial advisor to Paychex, and Davis Polk &amp; Wardwell LLP served as legal advisor to Paychex. Goldman Sachs &amp; Co. LLC served as the exclusive financial advisor to Paycor, and Kirkland &amp; Ellis LLP served as legal advisor to Paycor.</p>
<div class="lb-trans"><p>摩根大通证券公司担任 Paychex 的独家财务顾问，Davis Polk &amp; Wardwell LLP 担任 Paychex 的法律顾问。高盛公司担任 Paycor 的独家财务顾问，Kirkland &amp; Ellis LLP 担任 Paycor 的法律顾问。</p>
</div><p><strong>About Paychex</strong></p>
<div class="lb-trans"><p><strong>关于 Paychex</strong></p>
</div><p>Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today’s workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company’s purpose of helping businesses succeed. Visit paychex.com to learn more.</p>
<div class="lb-trans"><p>Paychex, Inc.（纳斯达克：PAYX）是数字驱动的人力资源领导者，重新构想了公司如何满足当今劳动力的需求，提供最全面、灵活和创新的 HCM 解决方案，适用于各类组织。Paychex 提供全方位的人力资源咨询和员工解决方案，支付美国私营部门每 11 名工人中的 1 名，并在美国和欧洲近 80 万客户中提升了 HCM 的标准。Paychex 团队的每一位成员都致力于实现公司的使命，帮助企业成功。请访问 paychex.com 了解更多信息。</p>
</div><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>关于前瞻性声明的警示说明</strong></p>
</div><p>Certain written statements in this press release may contain, and members of management may from time to time make or discuss statements which constitute, &#34;forward-looking statements&#34; within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words and phrases as &#34;expect,&#34; &#34;outlook,&#34; &#34;will,&#34; guidance,&#34; &#34;projections,&#34; &#34;strategy,&#34; &#34;mission,&#34; &#34;anticipate,&#34; &#34;believe,&#34; &#34;can,&#34; &#34;could,&#34; &#34;design,&#34; &#34;look forward,&#34; &#34;may,&#34; &#34;possible,&#34; &#34;potential,&#34; &#34;should&#34; and other similar words or phrases. Forward-looking statements include, without limitation, all matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, and similar projections.</p>
<div class="lb-trans"><p>本新闻稿中的某些书面声明可能包含，管理层可能不时做出或讨论的声明构成 “前瞻性声明”，根据 1995 年美国私人证券诉讼改革法的安全港条款。前瞻性声明可以通过诸如 “预计”、“展望”、“将”、“指导”、“预测”、“战略”、“使命”、“预期”、“相信”、“可以”、“可能”、“设计”、“期待”、“可能”、“潜在”、“应该” 等类似词语或短语来识别。前瞻性声明包括但不限于所有非历史事实的事项。前瞻性声明的示例包括我们对运营表现、事件或发展情况的预期或预期的声明，包括与我们的展望、收入增长、收益、每股收益增长及类似预测相关的声明。</p>
</div><p>Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control. Our actual performance and outcomes, including without limitation, our actual results and financial condition, may differ materially from those indicated in or suggested by the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:</p>
<div class="lb-trans"><p>前瞻性声明既不是历史事实，也不是未来表现的保证。相反，它们仅基于我们当前的信念、期望和假设，涉及我们业务的未来、未来计划和战略、预测、预期事件和趋势、经济以及其他未来条件。由于前瞻性声明涉及未来，因此它们受到已知和未知的不确定性、风险、环境变化和其他难以预测的因素的影响，其中许多因素超出我们的控制。我们的实际表现和结果，包括但不限于我们的实际结果和财务状况，可能与前瞻性声明中所指示或暗示的情况有重大差异。因此，您不应依赖任何这些前瞻性声明。可能导致我们的实际结果和财务状况与前瞻性声明中所指示的情况有重大差异的重要因素包括但不限于以下几点：</p>
</div><ul>
<li>our ability to keep pace with changes in technology or provide timely enhancements to our solutions and support;</li>
<li>software defects, undetected errors, and development delays for our solutions;</li>
<li>the possibility of cyberattacks, security vulnerabilities or Internet disruptions, including data security and privacy leaks, and data loss and business interruptions;</li>
<li>the possibility of failure of our business continuity plan during a catastrophic event;</li>
<li>the failure of third-party service providers to perform their functions;</li>
<li>the possibility that we may be exposed to additional risks related to our co-employment relationship with our PEO business;</li>
<li>changes in health insurance and workers’ compensation insurance rates and underlying claim trends;</li>
<li>risks related to acquisitions and the integration of the businesses we acquire, including risks related to the integration of Paycor;</li>
<li>our clients’ failure to reimburse us for payments made by us on their behalf;</li>
<li>the effect of changes in government regulations mandating the amount of tax withheld or the timing of remittances;</li>
<li>our failure to comply with covenants in our debt agreements;</li>
<li>changes in governmental regulations, laws, and policies;</li>
<li>our ability to comply with U.S. and foreign laws and regulations;</li>
<li>our compliance with data privacy and artificial intelligence laws and regulations;</li>
<li>our failure to protect our intellectual property rights;</li>
<li>potential outcomes related to pending or future litigation matters;</li>
<li>the impact of macroeconomic factors on the U.S. and global economy, and in particular on our small- and medium-sized business clients;</li>
<li>volatility in the political and economic environment, including inflation and interest rate changes;</li>
<li>our ability to attract and retain qualified people; and</li>
<li>the possible effects of negative publicity on our reputation and the value of our brand.</li>
</ul>
<div class="lb-trans"><ul>
<li>我们跟上技术变化或及时增强我们的解决方案和支持的能力；</li>
<li>我们解决方案中的软件缺陷、未被发现的错误和开发延迟；</li>
<li>网络攻击、安全漏洞或互联网中断的可能性，包括数据安全和隐私泄露、数据丢失和业务中断；</li>
<li>在灾难事件中我们的业务连续性计划失败的可能性；</li>
<li>第三方服务提供商未能履行其职能的风险；</li>
<li>我们与 PEO 业务的共同雇佣关系可能带来的额外风险；</li>
<li>健康保险和工人赔偿保险费率及其潜在索赔趋势的变化；</li>
<li>与收购及我们收购的业务整合相关的风险，包括与 Paycor 整合相关的风险；</li>
<li>我们客户未能偿还我们代表他们支付的款项；</li>
<li>政府法规变更对扣税金额或汇款时间的影响；</li>
<li>我们未能遵守债务协议中的契约；</li>
<li>政府法规、法律和政策的变化；</li>
<li>我们遵守美国和外国法律法规的能力；</li>
<li>我们遵守数据隐私和人工智能法律法规的能力；</li>
<li>我们未能保护我们的知识产权；</li>
<li>与待决或未来诉讼事项相关的潜在结果；</li>
<li>宏观经济因素对美国和全球经济的影响，特别是对我们的小型和中型企业客户的影响；</li>
<li>政治和经济环境的波动，包括通货膨胀和利率变化；</li>
<li>我们吸引和留住合格人才的能力；以及</li>
<li>负面宣传对我们声誉和品牌价值的可能影响。</li>
</ul>
</div><p>Any of these factors, as well as such other factors as discussed in our SEC filings, could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known as of the date of this press release, and any forward-looking statements made by us in this document speak only as of the date on which they are made. Except as required by law, we undertake no obligation to update these forward-looking statements after the date of issuance of this press release to reflect events or circumstances after such date, or to reflect the occurrence of unanticipated events.</p>
<div class="lb-trans"><p>上述任何因素，以及我们在 SEC 文件中讨论的其他因素，都可能导致我们的实际结果与预期结果存在重大差异。本文件中提供的信息基于截至本新闻稿日期已知的事实和情况，任何我们在本文件中所作的前瞻性声明仅在作出时有效。除法律要求外，我们没有义务在本新闻稿发布后更新这些前瞻性声明，以反映该日期之后的事件或情况，或反映意外事件的发生。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTA0MTMxNjUzNDlyMQ" alt="" original-src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20250413165349r1&amp;sid=acqr8&amp;distro=nx&amp;lang=en"/></p>
<p>View source version on businesswire.com: https://www.businesswire.com/news/home/20250413165349/en/</p>
<div class="lb-trans"><p>在 businesswire.com 查看源版本：https://www.businesswire.com/news/home/20250413165349/en/</p>
</div><p>Paychex Investor Relations:</p>
<div class="lb-trans"><p>Paychex 投资者关系：</p>
</div><p>Rachel White, Director, Investor Relations</p>
<div class="lb-trans"><p>Rachel White，投资者关系总监</p>
</div><p>Phil Nicosia, Manager, Investor Relations</p>
<div class="lb-trans"><p>Phil Nicosia，投资者关系经理</p>
</div><p>(800) 828-4411</p>
<div class="lb-trans"><p>(800) 828-4411</p>
</div><p>investors@paychex.com</p>
<div class="lb-trans"><p>investors@paychex.com</p>
</div><p>Paychex Media Inquiries:</p>
<div class="lb-trans"><p>Paychex 媒体咨询：</p>
</div><p>Tracy Volkmann</p>
<div class="lb-trans"><p>Tracy Volkmann</p>
</div><p>Manager, Public Relations</p>
<div class="lb-trans"><p>公共关系经理</p>
</div><p>(585) 387-6705</p>
<div class="lb-trans"><p>(585) 387-6705</p>
</div><p>tvolkmann@paychex.com</p>
<div class="lb-trans"><p>tvolkmann@paychex.com</p>
</div><p>Source: Paychex, Inc.</p>
<div class="lb-trans"><p>来源：Paychex, Inc.</p>
</div>

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