M&A Deal Summary

Paylocity Acquires Trace

On December 1, 2023, Paylocity acquired software company Trace

Acquisition Highlights
  • This is Paylocity’s 2nd transaction in the Software sector.
  • This is Paylocity’s 5th transaction in the United States.
  • This is Paylocity’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-12-01
Target Trace
Sector Software
Buyer(s) Paylocity
Deal Type Add-on Acquisition

Target

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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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 5 of 6
Sector (Software) 2 of 3
Type (Add-on Acquisition) 5 of 6
State (Florida) 1 of 1
Country (United States) 5 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Blue Marble Payroll

Highland Park, Illinois, United States

Blue Marble Payroll is a payroll provider for companies seeking more control and convenience in international payroll processes and currently serves approximately 450 clients. Blue Marble’s platform enables U.S.-based companies to manage payroll for employees outside the U.S. in line with complex local and country-specific requirements across more than 150 countries. Blue Marble Payroll was founded in 2013 and is based in Highland Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 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.

Buy $325M