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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. The deal is being funded by borrowings under Paylocity’s revolving credit facility. Canada, India, and the Philippines.

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B2B Payments Startup Accrualify Banks First VC

PYMNTS

The firm said it plans to use the money to strengthen its existing accrual and spend management platform. Accrualify provides a procure-to-pay platform that supports payments, vendor management, invoice and accrual automation and other features.

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