This Week
  • Tommy Brunett, president of Iron Smoke Distillery, previously played in the band Modern English.

  • Bagel battle goes on: Bankruptcy court judge to revisit earlier ruling.

  • Lauren Wilson, 30, is a senior account executive at Roberts Communications Inc.

  • Upstate Door's growth has been the result of several strategic moves.

  • The winners of the 2016 Philanthropy Award are featured.

  • The Senior Living and Long-Term Care Services Directory provides a wealth of information.

Paychex joint venture to offer services in Brazil

Rochester Business Journal
August 20, 2013

Beginning in early 2014, a Paychex Inc. joint venture with Brazil-based Semco Partners is to result in the firm offering payroll and human resources services to small businesses in Brazil.

Penfield-based Paychex and Sao Paulo-based Semco Partners announced the agreement Tuesday. Financial details were not disclosed. Semco Partners is a portfolio management and investment company.

Paychex president and CEO Martin Mucci said the company’s decision to expand its payroll and human resources services business into Brazil is part of its growth strategy.

“(Brazil) has a vibrant market of approximately 5 million small businesses that account for about 40 percent of the wages paid in Brazil,” Mucci said. “Also, recent and upcoming regulatory changes there increase the opportunity for outsourcing payroll and other HR services.”

Partnering with Semco, which has helped other U.S.-based businesses enter the Brazilian market, means Paychex begins with valuable knowledge of the country, Mucci said.

Paychex plans to begin operations in Sao Paulo, Brazil, in the first quarter 2014. The joint venture in Brazil represents Paychex’s second international operation. In spring 2004, Paychex expanded into Germany, where the company serves more than 2,300 clients.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google