PayGroup (ASX:PYG) reveals $2.5M Payroll HQ buyout

• Human capital management company PayGroup (PYG) is trading higher today after announcing a $2.5 million, full-scrip buyout of payroll specialist Payroll HQ
• PayGroup will pay the $2.5 million by issuing just over 4.1 million shares at 61.5 cents eachOn top of this, the company may need to pay another $1.3 million in shares at the same price based on Payroll's 2021 financial year revenue
• Based in Sydney, Payroll HQ offer software-with-a-service (SwaS) payroll outsourcing services to a range of corporate Australian and New Zealand clients
• PayGroup says the buyout will give it around $2.25 million extra in revenue and provide major cross-selling opportunities

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