Paylocity IPO'd Mar 19, 2014 Their Valuation at
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Posted On: 12/29/2020 5:18:52 PM
Paylocity IPO'd Mar 19, 2014
Their Valuation at IPO was $831.7M
They raised $119.8M at IPO
Their market cap is $11.26B
Stock is at an all time high
What do they do?
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software solutions.
red, what does this have to do with Verb?
Was digging around in Outlook today looking at the Add-ons
You know Verb is coming out with theirs
I saw Vidgrid the closest in their description to one of Verb's product
So I did a little looking
Paylocity Announces Acquisition of VidGrid - April 6, 2020
Hmmmm...
Video-based platform expands Paylocity's product suite to support the future of workplace communication and learning
https://finance.yahoo.com/news/paylocity-anno...00229.html
According Paylocity's 10K, they purchased Vidgrid for $17.2M
According to VidGrid's website...
"THOUSANDS OF PEOPLE AROUND THE WORLD LEVERAGE VIDGRID TO ENGAGE CUSTOMERS, EMPLOYEES, AND STUDENTS."
They list 6 customers on their website and have 13 customer stories
Let's be generous and say Vidgrid had 9,999 users. If they had 10K, they would have said tens of thousands
Vidgrid Starting Price $500/mo Billed Annually.
So let's call the 'starting price' $6K a year to make it easy
Want to see a free demo of their interactive video technology?
Click the BLUE button that says... 'Interactive Demo'
https://www.vidgrid.com/product/?t=converse
My takeaways
Paylocity's paid $1,720 or more a user to land some video tech
This tech reminds me of how annoying youtube popups are and this stops your video as well
Verb interactive tech best in class
Verb Lowest cost
Verb most reviewed
But wait, there is more...
Paylocity Announces Acquisition of Samepage - Nov 16, 2020
"Online collaboration platform expands Paylocity's product suite, reaffirms commitment to creating the most modern workforce solutions"
https://www.prnewswire.com/news-releases/payl...73329.html
Here's the kicker...
Looked in Paylocity 10K about of VidGrid's revenue
"The results from this acquisition have been included in the Company’s consolidated financial statements since the closing of the acquisition. Pro forma information was not presented because the effect of the acquisition was not material to the Company’s consolidated financial statements. The goodwill associated with this acquisition is not deductible for income tax purposes. Direct costs related to the acquisition were recorded as General and administrative expenses as incurred."
If you haven't started to figure out the big picture and need some help
These companies really don't care about revenue or number of users
They are assembling a wholistic solution that includes video, communication and collaboration.
I posted today Zoom just realized this and why they are adding email, messaging, calendaring, etc.
Some hoping for a MS, SF, etc. buyout one day. Doesn't have to be that large of a company and they really wouldn't buy on the open market as some have suggested.
If someone wants to offer Verb $1,720 or more a user (aka $2B) for better tech, customers, team, innovation...
That day will come...
But for now, I get a chuckle when I watch this video thinking of another place
Their Valuation at IPO was $831.7M
They raised $119.8M at IPO
Their market cap is $11.26B
Stock is at an all time high
What do they do?
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based payroll and human capital management (HCM) software solutions.
red, what does this have to do with Verb?
Was digging around in Outlook today looking at the Add-ons
You know Verb is coming out with theirs
I saw Vidgrid the closest in their description to one of Verb's product
So I did a little looking
Paylocity Announces Acquisition of VidGrid - April 6, 2020
Hmmmm...
Video-based platform expands Paylocity's product suite to support the future of workplace communication and learning
https://finance.yahoo.com/news/paylocity-anno...00229.html
According Paylocity's 10K, they purchased Vidgrid for $17.2M
According to VidGrid's website...
"THOUSANDS OF PEOPLE AROUND THE WORLD LEVERAGE VIDGRID TO ENGAGE CUSTOMERS, EMPLOYEES, AND STUDENTS."
They list 6 customers on their website and have 13 customer stories
Let's be generous and say Vidgrid had 9,999 users. If they had 10K, they would have said tens of thousands
Vidgrid Starting Price $500/mo Billed Annually.
So let's call the 'starting price' $6K a year to make it easy
Want to see a free demo of their interactive video technology?
Click the BLUE button that says... 'Interactive Demo'
https://www.vidgrid.com/product/?t=converse
My takeaways
Paylocity's paid $1,720 or more a user to land some video tech
This tech reminds me of how annoying youtube popups are and this stops your video as well
Verb interactive tech best in class
Verb Lowest cost
Verb most reviewed
But wait, there is more...
Paylocity Announces Acquisition of Samepage - Nov 16, 2020
"Online collaboration platform expands Paylocity's product suite, reaffirms commitment to creating the most modern workforce solutions"
https://www.prnewswire.com/news-releases/payl...73329.html
Here's the kicker...
Looked in Paylocity 10K about of VidGrid's revenue
"The results from this acquisition have been included in the Company’s consolidated financial statements since the closing of the acquisition. Pro forma information was not presented because the effect of the acquisition was not material to the Company’s consolidated financial statements. The goodwill associated with this acquisition is not deductible for income tax purposes. Direct costs related to the acquisition were recorded as General and administrative expenses as incurred."
If you haven't started to figure out the big picture and need some help
These companies really don't care about revenue or number of users
They are assembling a wholistic solution that includes video, communication and collaboration.
I posted today Zoom just realized this and why they are adding email, messaging, calendaring, etc.
Some hoping for a MS, SF, etc. buyout one day. Doesn't have to be that large of a company and they really wouldn't buy on the open market as some have suggested.
If someone wants to offer Verb $1,720 or more a user (aka $2B) for better tech, customers, team, innovation...
That day will come...
But for now, I get a chuckle when I watch this video thinking of another place
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