Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider - Paylocity Holding (NASDAQ:PCTY)

Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider - Paylocity Holding (NASDAQ:PCTY)

SCHAUMBURG, Ill., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ:PCTY), a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Pa…

Paylocity to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider

Paylocity, a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities.

Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider

Acquisition to expand Paylocity’s total addressable market to the Office of the CFO and provide capabilities for clients to holistically manage all business-related spend on a consolidated platform Paylocity, a leader in cloud-based HR and payroll software solutions, announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation,…

Paylocity to Add Spend Management Software Solution With Airbase Acquisition

Paylocity plans to create a consolidated platform for all business-related spend by acquiring Airbase. The planned acquisition will add Airbase’s finance and spend management software solution to Paylocity’s human resources (HR) and payroll software platform, Paylocity said in a Wednesday (Sept. 4) press release. Subject to customary closing conditions and regulatory approvals, the transaction is expected to close in the first or second quarter …