Press Release October 03, 2014

Goodwin Procter Advises PayChoice on Its Sale to Sage North America

Goodwin Procter attorneys recently advised PayChoice on its $157.8 million sale to Sage North America. The transaction is expected to close in October and is subject to customary closing conditions.

PayChoice, founded in 1990 and headquartered in New Jersey, provides full and self-service payroll and HR services to more than 100,000 small and medium-sized businesses. PayChoice has 260 employees and 16 offices across the US.

Sage Group, formed in 1981, provides business management software and services to small and medium-sized organizations. Sage has over 6 million customers and more than 12,700 employees in 24 countries.

The Goodwin deal team advising PayChoice was led by partners A.J. Weidhaas and Bill Weiss, with assistance from partner Jared Spitalnick and associate Oreste Cipolla.

For more information on the transaction, please read media coverage in peHUB and the Deal Pipeline or the PayChoice press release.

To learn more about Goodwin’s newly expanded FinTech Practice, please visit our FinTech Practice page.