Paylocity, a provider of cloud-based human resources (HR) and payroll software, has inked a deal to acquire Samepage and its work collaboration and task management platform, according to a press release.
Through the deal, Paylocity will expand its “product functionality” in the areas that Samepage’s software focuses on, “task management, file sharing” and “real-time document collaboration,” the companies said in the release.
Terms of the deal were not disclosed.
Steve Beauchamp, CEO of Paylocity, noted in the release that as companies over the past year have faced up to the challenges of managing remote workforces, they have been increasingly seeking “unified” solutions.
In an interview with PYMNTS earlier this year, Beauchamp dug deep into some of the biggest trends impacting the payments sector today, including the demand for faster payment cycles on the part of younger workers in the gig economy.
"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,” Beauchamp said in the release. "... 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 particular, companies are looking to “consolidate the amount of solutions used daily to get their jobs done,” the companies noted in the release.
Paylocity said in the release that it also plans to “enhance the remote work experience while increasing productivity and improving employee engagement.”
"We are thrilled to join the Paylocity family," said Scott Schreiman, founder and CEO of Samepage, in the release. "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."