Business Description

Overview We are a leading cloud-based provider of human capital management (“HCM”), finance and IT software solutions. Our unified, easy-to-use platform helps businesses streamline HR, finance, and IT operations, manage spend and talent, and build culture and connection with artificial intelligence (“AI”) embedded directly into everyday workflows to save time, reduce manual effort, and support better decision-making. Excluding clients acquired through acquisitions, as of June 30, 2026, we provided our software-as-a-service (“SaaS”) solutions to approximately 44,400 clients across the U.S., which on average had over 150 employees. Effective management of human capital, finance and IT operations is a core function in all organizations and requires a significant commitment of resources. Organizations are faced with an ever-changing employment landscape, the complexity of increasingly geographically dispersed employees, and managing hybrid workplaces. At the same time, employees’ expectations are rising, and organizations need to prioritize communication, connection, and collaboration among their employees to differentiate how they attract and retain talent and build a culture of loyalty. Many companies also operate without the infrastructure, expertise or personnel to implement or support large and complex systems in today’s dynamic environment. Existing solutions offered by third-party service providers can have limited capabilities and configurability while other enterprise-focused software vendors can be prohibitively expensive and time-consuming to implement and manage. We believe that modern organizations are better served by SaaS solutions designed to meet their unique needs, delivering fast time-to-value, and providing their employees with the most engaging experience available. 1 Table of Contents Our software solutions provide the following key benefits to our clients: • Our platform automates processes across the employee lifecycle in one place, so organizations save time, reduce administrative burden, and create a more seamless experience for employees and managers alike. From recruiting and onboarding to benefits, payroll, and performance management, our solution is designed to support an organization’s HR needs and provide the flexibility to scale as it grows. • Our Finance and IT tools support higher efficiency and compliance across the organization. Our Finance tools centralize payroll and non-payroll spend, including expense management, accounts payable, corporate cards and procurement. Our IT tools automate provisioning, access, and updates to software and hardware with a direct connection to the employee record. • Our platform is built on a single employee record with workflows and integrations designed to automate work across teams and systems. Employees can access their information and tools through a unified web and mobile experience. Analytics and reporting capabilities are embedded throughout the platform to deliver value with intelligent automation, tailored insights, and embedded experiences that provide real-time guidance to administrators and employees. • Ignite AI, our platform-wide AI with agents, is embedded throughout our platform bringing data, insights, and automation into moments where decisions are made and work gets done. Purpose-built agents automate tasks across pay, time, recruiting, and other places where work often slows down. We also offer the Ignite AI Hub, a centralized dashboard for managing and measuring AI across the organization where leaders can measure business impact and productivity gain, monitor adoptions across teams, control which agents are active and identify new opportunities for automation. It provides the visibility and control organizations need to confidently deploy AI while keeping people at the center of decision-making. • We supplement our comprehensive software solutions with an integrated implementation and client service organization designed to meet the needs of our clients and prospects. • Our software solutions offer our clients automated data integration with hundreds of third-party partner systems in our Integration Marketplace, such as 401(k), benefits and insurance provider systems. This integration reduces the complexity and risk of error of manual data transfers and saves time for our clients and their employees.…