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Paylocity to Acquire Airbase in $325 Million Deal

CPA Practice

HR and payroll software solutions provider Paylocity has struck a deal to acquire spend management platform Airbase for $325 million, the companies said in a media release on Sept. Founded in 2017, Airbase is headquartered in San Francisco and has approximately 300 employees in the U.S.,

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

As this problem grew, so did interest in solutions to fix it, with more software companies introducing procurement solutions. The global market for procurement software grew by over 6% from 2019 to 2020 and is projected to grow to $13.80 AP Automation Tour Explore 3-way matching in our AP Automation Product tour.