Paylocity Holding Corp acquires Airbase Inc.

Paylocity Holding Corp acquired Airbase Inc. for Approximately $325 million in cash at announcement ($320.2 million net of cash acquired at close, per FY2025 10-K), a transaction completed in October 2024, structured as all cash. The deal was a merger.

Airbase Inc. operates in Spend management / Office of the CFO (finance software), is based in Headquartered in San Francisco; employees in the United States, Canada, India and the Philippines. Airbase is a modern finance and spend management software solution combining bill pay / accounts payable automation, expense management, corporate cards and procurement. Founded in 2017 and headquartered in San Francisco, it had approximately 300 employees across the U.S., Canada, India and the Philippines and more than 500 clients, focused on the 100-5,000 employee segment.

Paylocity acquired Airbase to expand its total addressable market beyond HCM and into the Office of the CFO, letting clients manage all business-related spend - payroll and non-payroll - on a single consolidated platform for real-time visibility, faster close and stronger financial controls.

A modern, multi-product spend-management suite serving 500+ mid-market clients that extended Paylocity's reach from HR into finance and the Office of the CFO, with a unified payroll-plus-spend value proposition. Single pane of glass across payroll and non-payroll spend; real-time visibility, faster financial close, improved planning and stronger financial controls as a differentiator against HCM-only competitors. Airbase finance / spend management offering integrated with the Paylocity HCM platform Paylocity earnings Q&A (FY2026): management was asked to "build on the Airbase acquisition, just kind of the strategic rationale and how should investors be thinking about the synergies or the strategic aspects there," tying it to the company's product-expansion growth algorithm and the ability to sell more product across the target market.