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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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Looking Within The Enterprise To Unlock Spend Data Silos

PYMNTS

Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem. But there is an opportunity in consolidating spend data across platforms, he told PYMNTS, and it starts with bringing spend management and payments closer together.