About This Deal

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.

Deal Terms

Acquirer
Paylocity Holding Corp
Target
TraceHQ.com, Inc. (Trace)
Value
$12.1 million (cash consideration, net; subject to working-capital and other customary purchase price adjustments)
Date
November 2023
Type
Acquisition
Status
Ready

Transaction Details

Structure
All-cash merger of Trace with a subsidiary of Paylocity
Closed
November 30, 2023

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.