Paylocity has completed its acquisition of Airbase, a finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity’s suite and is expected to deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform. The acquisition of Airbase is expected to represent approximately 1% of total revenue and dilute adjusted EBITDA margin by approximately 100 basis points in FY25.

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