Paylocity Holding Corp acquired TraceHQ.com, Inc. (Trace) for $12.1 million (cash consideration, net; subject to working-capital and other customary purchase price adjustments), a transaction completed in November 2023, structured as all-cash merger of Trace with a subsidiary of Paylocity.
Paylocity acquired all of the outstanding shares of TraceHQ.com, Inc. through a merger of Trace with a subsidiary of the Company for cash consideration of approximately $12.1 million. Trace offers a headcount planning solution that expands the Company's product functionality.
Expanded Paylocity's HCM platform with headcount planning capabilities.
Advisory firms were not disclosed for this transaction.