Paylocity - M&A Summary and Business Overview

SoftwareCompany

Paylocity M&A Summary

Paylocity has acquired 6 companies, including 5 in the last 5 years.

Paylocity’s largest acquisition to date was in 2024, when it acquired Airbase for $325M. Paylocity has acquired in 5 different US states. The Company’s most targeted sectors include software (50%) and business services (34%).

Paylocity Business Overview

Where is Paylocity headquartered?

Paylocity is headquartered in Schaumburg, Illinois.

What is Paylocity’s revenue?

Paylocity disclosed revenue of 1,403M USD for 2024 and 1,175M USD for 2023.

How many employees does Paylocity have?

Paylocity has 6,400 employees.

What sector is Paylocity in?

Paylocity is a software company.

When was Paylocity founded?

Paylocity was founded in 1997.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 1

Paylocity

Paylocity Holding Corp.

1400 American Lane,
Schaumburg, Illinois 60173
United States,
(847) 463-3200
www.paylocity.com

Paylocity is a provider of payroll services and human resource software solutions to employees and businesses across America. Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. Paylocity was founded in 1997 and is based in Schaumburg, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 1 2 1 - 1 1 6
vol $325M $325M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Airbase, Inc. 2024-09-04 325M USD Add-on Acquisition
San Francisco, California · www.airbase.com
TraceHQ.com, Inc. 2023-12-01 - Add-on Acquisition
Miami, Florida · www.tracehq.com
Blue Marble Payroll 2021-09-01 - Add-on Acquisition
Highland Park, Illinois · www.bluemarblepayroll.com
Samepage 2020-11-16 - Add-on Acquisition
Campbell, California · www.samepage.io
VidGrid, Inc. 2020-04-06 - Add-on Acquisition
St. Paul, Minnesota · www.vidgrid.com
BeneFlex HR Resources, Inc. 2018-03-08 - Add-on Acquisition
St. Louis, Missouri · www.beneflexhr.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 3 (50%) 325M (100%) - -
Business Services 2 (33%) - - -
Internet Software and Services 1 (17%) - - -
Total 6 $325M - -

By Geo

State/Country Buy Value Sell Value
United States 6 325M - -
  California 2 325M - -
  Missouri 1 - - -
  Minnesota 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
Total 6 $325M - -

Deal Values

buy # Total
$100M to $1B 1 $325M
TOTAL $325M
Largest Airbase, Inc.
$325M (2024-09-04)

Company Summary

SECTOR

Software

Revenue

1,403   20% 2024
1,175   38% 2023
853   35% 2022
636   14% 2021
561   21% 2020
467   24% 2019
377   26% 2018
300   2017
(millions of USD) Show More Show Less

Employees

6,400

Established

1997

Public

NASDAQ: PCTY

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