Paylocity Announces Acquisition of Samepage

Rhea-AI Summary

Paylocity (NASDAQ: PCTY) announced its acquisition of Samepage, a team collaboration platform, on November 16, 2020. This acquisition aims to enhance Paylocity's HR and payroll software capabilities by integrating Samepage's tools for task management and real-time collaboration. By doing so, Paylocity is set to improve productivity and efficiency for remote workforces while providing modern solutions for communication and collaboration needs. This strategic move reflects Paylocity's commitment to delivering advanced human capital management solutions.

Positive

• Acquisition of Samepage enhances Paylocity's product functionality.
• Integrates tools for task management and real-time collaboration.
• Aims to improve productivity and employee engagement in remote work environments.
• Demonstrates commitment to modernizing HR and payroll solutions.

Negative

• None.

SCHAUMBURG, Ill., Nov. 16, 2020 /PRNewswire/ -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces the acquisition of Samepage, an all-in-one team collaboration solution.

Samepage offers digital collaboration tools including task management, file sharing, real-time document collaboration and more. With the deal, Paylocity expands its product functionality in these areas and demonstrates commitment to building its modern workforce suite of solutions that meet the needs of both HR teams and employees.

Through Paylocity's acquisition of Samepage, clients and their employees can collaborate to elevate the remote work experience while increasing productivity and efficiency among teams.

"We've always viewed our clients as the co-creators of our products, and joining forces with Samepage is another way we're responding to their needs. In the last year, it's become increasingly clear that HR professionals want modern and unified solutions for employee communication and collaboration as they continue to manage remote workforces," said Steve Beauchamp, CEO of Paylocity. "We're thrilled to add Samepage's solutions to our portfolio, as this will provide us the opportunity to offer advanced collaboration capabilities extending beyond what is currently available to our clients in our Community module." 

In today's increasingly distributed digital workforce, teams are looking to consolidate the amount of solutions used daily to get their jobs done. Through Paylocity's acquisition of Samepage, clients will be able to enhance the remote work experience while increasing productivity and improving employee engagement. The acquisition provides another proof point that Paylocity is committed to delivering the most modern HCM solution in the market.

"We are thrilled to join the Paylocity family," said Scott Schreiman, Founder and CEO of Samepage. "The Paylocity team shares our vision that organizations are far more productive when their employees can communicate, manage projects, collaborate and share screens in a single workspace. Together, we're looking forward to delivering exactly what today's workforce is looking for."

To learn more about Paylocity, please visit: www.paylocity.com

About Paylocity
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, IL. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle today's challenges while moving them toward the promise of tomorrow. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. For more information, visit www.paylocity.com.

About Samepage
Samepage is an all-in-one team collaboration suite delivering a variety of work solutions through its cloud-based platform for today's modern workforce by combining file sharing, task management, screen sharing and real-time document co-editing. 

CONTACT: 
Kellie Flaherty
Walker Sands, for Paylocity
PaylocityPR@walkersands.com
773-459-6954

View original content to download multimedia:http://www.prnewswire.com/news-releases/paylocity-announces-acquisition-of-samepage-301173329.html

SOURCE Paylocity

FAQ

What is the purpose of Paylocity's acquisition of Samepage?

The acquisition aims to enhance Paylocity's HR and payroll software by integrating collaboration tools from Samepage, focusing on improving remote work productivity.

When was Paylocity's acquisition of Samepage announced?

The acquisition was announced on November 16, 2020.

What are the expected benefits of the acquisition for Paylocity clients?

Clients can expect improved productivity, enhanced employee engagement, and modernized solutions for communication and collaboration.

How does Paylocity plan to integrate Samepage's solutions?

Paylocity plans to integrate Samepage's tools into its existing software suite, particularly enhancing the Community module to meet evolving workforce needs.

What is the focus of Samepage's collaboration tools?

Samepage focuses on providing digital collaboration features such as task management, file sharing, and real-time document co-editing.