Netchex

Type	Private
Industry	Human capital management HR software Payroll technology SaaS
Founded	2003; 23 years ago (2003)
Founders	Abhinav Agrawal Will Boudreaux
Area served	United States
Revenue	US$50 million+ (2023)|
Parent	GrowthCurve Capital
Website	netchex.com

Netchex is an American cloud-base human capital management (HCM)and payroll technology company headquarter in Covington, Lousiana. Founded in 2003, the company provides payroll processing, tax compliance, human resources, benefits administration, time management tracking, recruiting, and onboarding services to small and mid-sized businesses across the United States

Netchex was founded in 2003, by Will Bourdreaux and Stuart Ethridge, both former executives at a publicly traded payroll company.^[1] The company was established in Covington, Louisiana, on the other shore of Lake Pontchartrain, where it has remained headquartered since its inception.^[2][3]

The company was created by introducing new technologies to serve small and a mid-sized business in industries such as restaurants, hotels, healthcare practices, car dealerships, and retail sectors that the founders identified as underserved by existing payroll technology providers of the time.^[4]

Netchex was built as an online payroll and human resources services business in the early 2000s, following the collapse of the dot-com bubble.^[2][5] The company grew incrementally by focusing on businesses with frontline and hourly workforces, a segment largely overlooked by large national payroll providers whose products were primarily designed for corporate and enterprise environments.

In 2015, Louisiana Governor Bobby Jindal and Will Boudreaux announced an expansion of Ntchex's Lousiana headquarters.^[6] The expansion involved the creation of jobs at an to the people in the states and across the world.^[7][8] The announcement was supported by Louisiana Economic Development (LED) and recognized by GNO, Inc. (Greater New Orleans, Inc.).^[9]

In June 2023, Netchex was acquired by GrowthCurve Capital, a New York based private equity firm. At the time of the acquisition, Netchex reported more clients across United States which leads to an increase in annual revenue while both Boudreaux and Ethridge, retained the ownership stake and continue in exclusive roles following the acquisition through Lincoln International on behalf of the selling party, Primus Capital Partners.^{[10][11][12] [13]}The company continued to grow its client base and workforce in subsequent years, expanding its payroll services footprint and bringing additional jobs to the Mandeville area.^[14][15]

In 2026, Netchex acquired Mesh ai, an AI native performance management platform, in a transaction advised by Venero Capital Advisors, expanding its capabilities in performance management and artificial intelligence within its human capital management.^[16] At Launch Mesh, which comprises Penny, Atlas, Sentinel, Nova, and Nettie operate continuously across payroll time. scheduling, and HR data within the Netchex mobile applications^[17]

Netchex operates as a single platform, cloud-based human capital management system. The platform covers the following functional areas in payroll processing and tax compliance, Human resources management, Learning management, Performance management, HR reporting and analytics and more.^[18]

Compliance tools including ACA administration, E-verify, OSHA, EEO, and ETS reporting. Primarily serves employers includes with large frontline or hourly workforces, including restaurants, hotels, healthcare, retail, manufacturing, banking, education, and non-profit organizations.^[19]