Paylocity is Acquiring Corporate Spend Startup Airbase for $325M

Sep 05, 2024

ProcureTech

Paylocity is Acquiring Corporate Spend Startup Airbase for $325M

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💸 The acquisition of Airbase represents an expansion of Paylocity’s suite and will deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform – expanding the Paylocity total addressable market beyond HCM and further into the Office of the CFO.

📈 The integration of Airbase's finance solutions with Paylocity’s HCM platform, is expected to create a significant opportunity to provide companies with a differentiated and unified experience across HCM and Finance solutions.

“Airbase has many years of runway and a clear path to profitability, but I was ultimately convinced by the fantastic opportunity to create a unified HCM and Finance platform for the mid-market — leveraging Paylocity’s size and scale to bring Airbase to a much larger audience.” says Thejo Kote, Founder of Airbase.

🥂 Congrats to both Paylocity and Airbase!

👉 https://lnkd.in/gsC6WtS3

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