Paylocity to Acquire Spend Management Innovator Airbase Inc.

In a strategic move to expand its suite of cloud-based financial solutions, Paylocity Holding Corporation PCTY, a prominent player in human capital management and payroll software, has entered into a definitive agreement to acquire Airbase Inc., a front-runner in the spend management software domain. This acquisition marks a significant leap for PCTY, as they integrate Airbase's comprehensive bill payment, expense management, and financial workflow automation into their product offerings.

Strengthening Paylocity's Financial Management Portfolio

With the addition of Airbase, PCTY is set to offer a more diverse range of services to its midsize client base in the United States. Combining Paylocity's HR expertise with Airbase's capabilities in spend management is expected to create a synergistic solution that will transform how organizations manage their finances, from payroll to comprehensive spend oversight.

A Strategic Fit for Paylocity's Growth

The acquisition is a strategic decision that aligns with Paylocity's mission to simplify and innovate financial processes for businesses. Airbase Inc. brings to the table an advanced software solution that seamlessly merges multiple financial operations, offering clients a unified spend management platform. This deal promises to elevate PCTY's market position and enhance its value proposition in the competitive fintech landscape.

acquisition, payroll, fintech