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North Hill Portfolio News

11.13.2009
PayChoice Ranked 346th Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500

PayChoice attributes its 354 Percent Growth to the continued success of its licensed software division and the emergence of its service bureau which has experienced unmatched growth over the past five years.

Moorestown, NJ, - PayChoice today announced its ranked number 346 on Technology Fast 500, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. PayChoice grew 354 percent during this period.

PayChoice's CEO, Robert Digby credits their continued commitment to customer service and innovations in its software with the company's revenue growth over the past five years. Says Digby, "Our goal is to deliver solutions of exceptional value that are integrated, easy to use and supported by industry leading client service. Our comprehensive suite of employee management solutions allows business owners to better manage employees and focus more on growing their business."

"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth" said Phil Asmundson, Vice Chairman and U.S. Technology Media and Telecommunications leader, Deloitte LLP. "We congratulate PayChoice on this accomplishment."

Technology Fast 500 Selection and Qualifying Criteria
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered in North America.

About PayChoice
PayChoice is one of the nation's largest privately-held payroll companies and provides payroll and employee management services for small- and medium-sized businesses (SMBs). In addition to its core payroll and tax administration offerings, PayChoice's suite of services also includes HR compliance and counseling services, workers compensation insurance, 401(k) solutions, Section 125 solutions, time and attendance and background checks. PayChoice delivers its services to over 150,000 SMBs and nearly 2 million employees both directly and through approximately 260 payroll service bureau licensees.

About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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