Paylocity announces acquisition of TraceHQ.com, terms not disclosed

Paylocity announced the acquisition of TraceHQ.com. Trace enables organizations to analyze and manage headcount plans, forecast budget relative to those plans, and approve downstream headcount changes. Trace’s headcount planning capabilities will add to Paylocity’s already powerful set of integrations and workflow tools to power mission-critical business processes, leading to better decision making and faster execution. Paylocity does not expect the acquisition of Trace and addition of its seven employees to have a material impact to second quarter and fiscal 2024 financial results. Paylocity will update financial guidance in the normal course of business in its second quarter fiscal 2024 earnings release.