Paylocity Holding Corp acquires Blue Marble Payroll, LLC

Paylocity Holding Corp acquired Blue Marble Payroll, LLC for $60.0 million in cash at closing ($60,961 thousand total purchase price per FY2022 10-K), a transaction completed in August 2021, structured as all cash.

Blue Marble Payroll, LLC operates in Global / international payroll, is based in United States headquartered; international payroll operations across 150+ countries, had revenue of about Expected to represent less than 2% of Paylocity total revenue in fiscal 2022 (per announcement). Blue Marble Payroll is a global payroll provider whose platform enables U.S.-based companies to manage payroll for employees outside the U.S. across more than 150 countries, serving roughly 450 clients with about 75 employees. Founded in 2013, it had partnered with Paylocity since its start to support shared clients' international payroll needs.

Acquired via an Equity Purchase Agreement so that, as the hybrid workforce becomes more predominant, Paylocity could help companies expand internationally, deliver greater automation, and unify domestic and international payroll in one platform.

An eight-year partner already serving Paylocity's shared clients' international payroll needs, with a differentiated hybrid service model and reach across 150+ countries. Unified domestic and international payroll on one platform; greater automation and compliance for clients managing international workforces. Operated as Paylocity's international payroll capability within the broader payroll suite Paylocity CFO, FY2022 Q2 earnings call: "we are maintaining the margin percentage guidance despite the roughly 50 basis points of dilutive impact of Blue Marble and Cloudsnap."