Skip to main content

Paylocity Acquires Grayscale to Expand AI-Powered Recruiting Capabilities

Written by Customer Service on . Posted in Mergers And Acquisitions.

The acquisition brings intelligent AI-driven automation to high-volume recruiting, helping organizations engage candidates earlier and accelerate hiring

SCHAUMBURG, Ill., April 07, 2026 (GLOBE NEWSWIRE) — Paylocity (NASDAQ: PCTY), a leading provider of HCM, Finance, and IT solutions, today announced the acquisition of Grayscale Labs, Inc. (“Grayscale”), an AI-powered recruiting automation company that helps businesses hiring at scale move faster without compromising quality.

As expectations for speed, responsiveness, efficiency, and candidate experience continue to rise, high-volume hiring has become increasingly complex. Delays between recruiting steps can slow momentum and lead candidates to withdraw.

Grayscale expands Paylocity’s recruiting capabilities with AI-powered recruiting automation that helps employers engage candidates earlier and move faster through time-sensitive hiring workflows—while keeping hiring decisions firmly in the hands of recruiters and hiring managers. The platform helps organizations keep pace with the ongoing hiring demands of high‑volume, high‑turnover workforces without sacrificing quality or control.

“We’re continuing to invest in AI to simplify one of the most time-consuming aspects of work —hiring—for both employers and candidates,” said Toby Williams, President and CEO of Paylocity. “Grayscale helps teams respond faster, maintain stronger candidate engagement, and focus on selecting the right talent.”

The acquisition reflects Paylocity’s broader strategy to embed AI across its platform, delivering intelligence within core workflows spanning HR, Finance, and IT. By extending these capabilities into talent acquisition, Paylocity is accelerating hiring processes and applying AI where speed and candidate experience drive success.

Paylocity does not expect the acquisition of Grayscale to have a material impact on fourth quarter or fiscal 2026 financial results. Paylocity will update financial guidance in the normal course of business in its third quarter fiscal 2026 earnings release.

About Paylocity

Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of HCM, Finance, and IT software solutions. Paylocity offers one unified, easy‑to‑use platform that helps businesses across HR, Finance, and IT streamline operations, manage spend and talent, and build culture and connection—with AI embedded directly into everyday workflows to save time, reduce manual effort, and support better decisions. 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 all employees achieve their best. For more information, visit www.paylocity.com.

Media Contact

Nicole Andergard Reddy
nreddy@paylocity.com 
503-855-7385

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.