HR Technology, Software, Cloud, Human Capital Management
(1) Software Disrupting Legacy Industries
(2) Vertical Software
AVORY BRIEF (5 MIN)
Disclaimer: Avory & Company was an investor in the company above at the time of this writing, however, this may change at any time.
This is not a recommendation of the purchase or sale of any securities mentioned.
Randall Lipps: Chief Executive Officer
Chad Richison has served as President and Chief Executive Officer since he founded Paycom in 1998. Mr. Richison began his career in sales at ADP.
Craig Boelte: Chief Financial Officer
Craig E. Boelte has served as our Chief Financial Officer since February 2006. Before joining, Mr. Boelte owned an accounting practice that served Paycom. Prior to that, Mr. Boelte spent nine years at Deloitte & Touche where he served as Senior Tax Manager. Mr. Boelte has over 30 years of experience in the workforce management and HR industry.
ORGANIC GROWTH WITH MARGIN EXPANSION ON THE HORIZON
Omnicell has become a reliable organic grower with a path towards $1.5B in annual revenue along with widening margins. They plan to roll out an analytics software platform that we saw during their investor day. It looks promising if executed, and is not factored into our views at the moment. The company remains well-capitalized after taking on debt years back to fund acquisitions, however, they are now in a net cash position.
Disclaimer: Avory & Company was an investor in the company above at the time of this writing, however, this may change at any time. This is not a recommendation of the purchase or sale of any securities mentioned.