Saucony (pronounce ['sɒkəni], "sock-a-knee") is an American manufacturer of athletic shoes. The company has roots going back to 1910 when Russian immigrant Abraham Hyde started a shoe store in Cambridge, Massachusetts. In June 2005 the Stride Rite Corporation, the maker of Keds, Sperry Top-Sider and others, announced an agreement to acquire Saucony. Both companies are based in the Boston area, Stride Rite in Lexington and Saucony in Peabody. Striderite was acquired by Payless Shoes in the fall of 2007.