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Paylocity to Add Spend Management Software Solution With Airbase Acquisition

Sep 4, 2024, 9:41 PM EDT1 sourcesAI-analyzed

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Paylocity to acquire Airbase, enhancing spend management capabilities. Integration aims for a unified platform for HR and finance solutions. Transaction expected to close in fiscal 2025's first or second quarter. Airbase adds valuable tools for expense management and automation. Acquisition strengthens Paylocity's position in the mid-market software sector.

  • Paylocity to acquire Airbase, enhancing spend management capabilities.
  • Integration aims for a unified platform for HR and finance solutions.
  • Transaction expected to close in fiscal 2025's first or second quarter.
  • Airbase adds valuable tools for expense management and automation.
  • Acquisition strengthens Paylocity's position in the mid-market software sector.

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