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PayCycle  Acquired by Intuit (2009 $ 170,000,000 )

210 Portage Avenue
Palo Alto, CA 94306
Website Company Summary Management Team

Outside board: (May no longer be on the board) Rene Lacerte (PayCycle Former CEO) Eric C W Dunn (Cardinal Venture Capital) David Hornik (August Capital) Steve Paiker (Conning Capital Partners)
Former outside board: John Monson (Intuit VP Marketing)

Business description: PayCycle is the leader in on-demand payroll, targeting small businesses and the accountants that serve them. PayCycle's mission is to make paper-based payroll obsolete. PayCycle's unique, "Do-It-With-You"SM (DIWYSM) technology platform guides customers through the entire payroll process from paychecks to W-2's. By integrating with the leading small business accounting packages such as Microsoft® Money Home & Business, and QuickBooks®, QuickBooks Online and QuickBooks for Mac, PayCycle eliminates the hassle of data re-entry. PayCycle is committed to providing outstanding customer service and is a proud finalist for the 2006 American Business "Stevie" award for "Best Customer Service Organization."
Partners include: ATX BabyCenterDigital Insight ElibriumIntuitVeriSign;  AccountantsWorld;  BancSource ;  CCH Tax and Accounting ;  Chase Manhattan Bank;  Conning Capital Partners;  Harland;  IRS ;  Microsoft Money;  PINC;  TechSoup

Rounds: 3
Recent Fundings: Apr 2005   Dec 2002
Capital raised: 29.3M
Last Round: 8.5M
Ownership: Acquired by Intuit (2009 $ 170,000,000 )
VCs include: August CapitalDCM Ventures Draper Richards;  Crescent Ventures;  Argus CapitalConning CapitalIrwin Ventures;  Total Technology Ventures

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Last Mentions

Record updated: Jun 2009
Sector: Internet
Year Founded: 1999
Headcount: 51-75 as of Feb 2005
Rounds: 3
Recent Fundings: Apr 2005   Dec 2002
Capital Raised: 29.3M
Last Round: 8.5M
Ownership: Acquired by Intuit (2009 $ 170,000,000 )