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"Paylocity Holding Corp., an Arlington Heights company that makes payroll-processing software, plans to raise up to $115 million in a public offering.
Founded in 1997, Paylocity has nearly doubled revenue in the past three years.
It booked $77.3 million in revenue and $617,000 in profit in 2013. A year earlier, the company earned $1.7 million on $55.1 million in sales. Expenses rose sharply last year as the company added customers and invested heavily in research and development. It processed $30 billion in payroll in 2013."
Read the rest of the story in Crain's Chicago Business: http://www.chicagobusiness.com/article/20140131/BLOGS11/140139962/arlington-heights-software-firm-files-115m-ipo
