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Stock impact report

Paylocity Announces Acquisition of VidGrid

Paylocity Holding Corporation (PCTY) 
Last paylocity holding corporation earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.paylocity.com/investor-relations
Company Research Source: PR Newswire
SCHAUMBURG, Ill., April 6, 2020 /PRNewswire/ -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces the acquisition of VidGrid, a leading video platform provider. VidGrid enables peer-to-peer video learning courses, transforming video into two-way communication. With the deal, Paylocity expands its product functionality around workplace video communication and reaffirms its commitment to stronger employee collaboration, engagement and retention while helping clients prepare for the workplaces of the future. Paylocity has worked with VidGrid for several years to deliver a video-enabled learning management system (LMS) to clients. The collaboration enables Paylocity's clients to source knowledge from subject matter experts through interactive videos that are current and relevant to their employees. Paylocity has seen success with the LMS due to the growing demand for video communication from clients, which created an opportunity Show less Read more
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