Patriot (software)
Script error: No such module "Draft topics".
Script error: No such module "AfC topic".
Patriot Software is an American company that developed and administers a payroll software product for businesses in the United States.
History[edit]
Founded in 2002 by current CEO Mike Kappel,[1] the company offers basic and full-service packages which also include the handling of payroll taxes and 1099s.[2]
From 2017 to 2019, Patriot Software raised a total of over $15 million from a friends and family fundraising round. The Regulation D Stock Offerings were permanently closed with the SEC in January 2019. They had offered up to $20 million in common stock during those pre-seeding rounds.[3] The company sold common shares but did not go public.[4]
In July 2019, SageLink Capital acquired Patriot’s recruiting software subsidiary, Top Echelon Software.[5] In 2021, the company secured an undisclosed amount in Series-A funding, led by RZC Investments, an investment arm for the Walton family and cofounded by Tom Walton and Steuart Walton in Bentonville, Arkansas.[6]
In March 2023, the American Payroll Association reported that Patriot released a letter outlining the steps it was taking to “regain normal operations"[7] after being impacted by the collapse of Silicon Valley Bank (SVB).[8][9]
As of 2024, the company served over 56,000 small businesses.[10]
Recognition[edit]
- Money ranked Patriot as the “Best Affordable Option" on their 6 Best Payroll Software Services for 2023 listing.[11]
- U.S. News & World Report ranked the company #3 on their Best Payroll Software of 2023 list.[12]
- PC Magazine included them on their Best Online Payroll Services for 2024 listing.[13]
- U.S. News & World Report ranked them #3 in their Best Payroll Software of 2024 list.[14]
References[edit]
- ↑ "Patriot Software seeks major expansion" Canton Repository. Retrieved 2024-04-17.
- ↑ "Patriot Accounting and Payroll review" TechRadar. Retrieved 2024-04-17.
- ↑ "BRIEF-Patriot Software Offers Up To $20 Million Of Common Stock" Reuters. Retrieved 2024-04-15.
- ↑ "Canton's Patriot Software to raise up to $20 million in new capital" Crain's Cleveland Business. Retrieved 2024-04-15.
- ↑ "Investment firm acquires Top Echelon Network" SIA. Retrieved 2024-04-16.
- ↑ "Walton investment platform leads funding round for Ohio software company" Talk Business & Politics. Retrieved 2024-04-17.
- ↑ "Bank Failures Impact Payroll Professionals" PayrollOrg. Retrieved 2024-04-15
- ↑ "How a Stark County company scrambled to respond to Silicon Valley Bank collapse" Canton Repository. Retrieved 2024-04-17.
- ↑ "The real victims of SVB aren't the tech elite: Hardworking business owners share their horror stories of the bank's collapse" Fortune. Retrieved 2024-04-17.
- ↑ "Small Business Payroll Index Shows Decrease in Workers" CPA Practice Advisor. Retrieved 2024-04-13.
- ↑ "6 Best Payroll Software Services" Money. Retrieved 2024-04-15.
- ↑ "Patriot Review and Prices" U.S. News & World Report. Retrieved 2024-04-15.
- ↑ "The Best Online Payroll Services for 2024" PC Magazine. Retrieved 2024-04-16.
- ↑ "Best Payroll Software of 2024" US News & World Report. Retrieved 2024-04-16.
- ↑ "Best payroll software of 2024" USA Today. Retrieved 2024-04-17.
- ↑ "Best payroll software in 2024" CNN Underscored Money. Retrieved 2024-04-17.
External links[edit]
This article "Patriot (software)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Patriot (software). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
