Paylocity Acquires Grayscale to Boost AI Recruiting

Paylocity (NASDAQ: PCTY) announced it will acquire Grayscale Labs, Inc., an AI-powered recruiting automation company. The deal is designed to expand Paylocity’s recruiting capabilities for organizations hiring at scale.

Grayscale’s platform focuses on AI-driven automation to help employers engage candidates earlier and move faster through time-sensitive recruiting workflows. Paylocity says hiring decisions remain with recruiters and hiring managers. Paylocity does not expect the acquisition to have a material impact on its Q4 or fiscal 2026 financial results and will update guidance in its third quarter fiscal 2026 earnings release.