Business

Paylocity acquires video platform company

Posted April 06, 2020 1:00 am

SCHAUMBURG - HR and payroll software company Paylocity said Monday it has acquired video platform provider VidGrid fro an undisclosed amount.

VidGrid enables peer-to-peer video learning courses, transforming video into two-way communication. Paylocity offciails said the acquisition will expand its product functionality around workplace video communication.

Paylocity has worked with VidGrid for several years to deliver a video-enabled learning management system 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 to expand the relationship.

"We are constantly looking for opportunities to make our product suite even more useful for our clients. We believe video will play a critical role in transforming workplace communication," said Steve Beauchamp, CEO of Paylocity.

Article Comments

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.