Quick Take
Paylocity (PCTY) has announced the acquisition of VidGrid for an undisclosed amount.
VidGrid has developed peer-to-peer video learning course system for business environments.
With the deal, Paylocity brings in-house a community and employee engagement asset that it has been using for some time.
I’m bullish on PCTY over the medium due to growing trends in distributed workforce management tools especially in light of minimizing business disruption from major events such as the Covid19 pandemic.
Target Company & Market
Minnesota City, MN-based VidGrid was founded to create a digital video platform for