Paylocity completed the acquisition of Airbase for $325m.

Paylocity, a cloud-based HR and payroll software solutions provider, completed the acquisition of Airbase, a finance and spend management software solution provider, for $325m. “With our acquisition of Airbase, we are expanding our total addressable market to the Office of the CFO and strengthening our position as the most modern software platform in the market by enabling our nearly 40k clients, as well as prospects throughout our target market, to manage all business-related spend on a single integrated platform,” Toby Williams, Paylocity President and CEO.