Netchex founder and CEO Will Boudreaux joined Gov. Bobby Jindal to announce Thursday that Netchex will establish a new headquarters in Mandeville, a move that will allow the company to continue its rapid growth and expansion.
Governor Jindal said, “Netchex is truly a Louisiana success story, and the expansion of the company’s headquarters is a testament to how Netchex is able to thrive in Louisiana’s nation-leading business climate. Netchex has grown from a small team to the fastest-growing business services provider of its kind in America, thanks in part to the company’s stellar leadership team and the highly skilled talent that could only be found in Louisiana. We congratulate Will Boudreaux and his entire team as they start this exciting new chapter in the company’s history.”
Netchex will move into a brand-new, state-of-the-art office space for two years followed by the completion of a new headquarters building. As part of the expansion, Netchex will retain 86 jobs and create 240 new direct jobs. This move will usher in an unprecedented opportunity to expand the company’s products and services to even greater heights.
“As we looked at our growth trajectory, it was clear that we needed a larger footprint physically to support our efforts,” Boudreaux said. “The expansion plan includes migrating to a facility to absorb our growth, better manage our business and be reflective of the strong brand we have built.”
Netchex provides its clients with a comprehensive suite of Web-based services and the support of payroll services specialists. The company was established in Mandeville in 2003 and has grown into a leading provider of payroll, human resources, time and attendance, and benefit services in the South. The company has offices in Dallas, Atlanta and Jackson, Mississippi, and has an overall workforce of nearly 120.Netchex provides its clients with a comprehensive suite of Web-based services and the support of payroll services specialists. The company was established in Mandeville in 2003 and has grown into a leading provider of payroll, human resources, time and attendance, and benefit services in the South. The company has offices in Dallas, Atlanta and Jackson, Mississippi, and has an overall workforce of nearly 120.
Founders Boudreaux and Stuart Ethridge had previous executive experience in the payroll industry for publicly traded firms before they set out to establish Netchex. Taking on industry giants, the pair embraced the tenets of Web integration, accountability for service, and value, eventually making Netchex one of the South’s largest employee services providers. The company’s steady growth led to the need for an expanded headquarters facility.
Though Netchex has additional office locations in the South, Louisiana won the site selection competition with other states, including locations in Texas and Florida, to ensure Netchex would retain and expand its headquarters in Mandeville. Netchex will begin moving into the new space in early 2016. Hiring for the new positions has already begun.“Netchex has fostered strong relationships in Mandeville, and their desire to expand locally is a testament to the vitality of our local economy,” said Mayor Donald Villere of Mandeville. “Will Boudreaux, Stuart Ethridge, and their entire, enterprising team are a credit to Mandeville’s growing business community.”
Founded in 2003, Netchex has grown to become one of the South’s largest employer services providers with offices in Louisiana, Mississippi, Dallas and Atlanta. Netchex’s single-source solution is a cloud-based, end-to-end platform for managing employees from hire to retire. Netchex currently services over 3,000 clients throughout the United States, with corporate headquarters in Mandeville, Louisiana, and offices in Dallas, Atlanta and Jackson, Mississippi. For more information, visit www.netchex.com.