M&A Deal Summary

Paylocity Acquires Airbase

On September 4, 2024, Paylocity acquired software company Airbase for 325M USD

Acquisition Highlights
  • This is Paylocity’s 3rd transaction in the Software sector.
  • This is Paylocity’s largest (disclosed) transaction.
  • This is Paylocity’s 6th transaction in the United States.
  • This is Paylocity’s 2nd transaction in California.

M&A Deal Summary
Date 2024-09-04
Target Airbase
Sector Software
Buyer(s) Paylocity
Deal Type Add-on Acquisition
Deal Value 325M USD

Target

Airbase

San Francisco, California, United States
Airbase provides an all-in-one spend management platform that delivers more control, visibility, and automation to today’s finance teams than any other solution for companies with between 100 and 5,000 employees. Airbase was formed in 2017 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

Paylocity

Schaumburg, Illinois, United States
Category Company
Founded 1997
Sector Software
Employees6,400
Revenue 1.4B USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 6
Sector (Software) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Trace

Miami, Florida, United States

Trace provides innovative solutions for headcount planning, which helps organizations plan and manage the most important investment in their people. It enables organizations to analyze and manage headcount plans, forecast budgets relative to those plans, and approve downstream headcount changes. Trace is based in Miami, Florida.

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