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ADP, a global leader in HR and payroll solutions, has announced the acquisition of Pequity, an innovative compensation management software provider. This strategic move is designed to broaden and enhance the compensation planning tools ADP offers its clients, addressing the growing complexity of pay transparency laws and the need for data-driven insights in a dynamic talent market.
Quick Intel
ADP has acquired compensation management software provider Pequity.
The acquisition will expand ADP's tools for mid-size, enterprise, and global clients.
Pequity's platform offers AI-enhanced insights, budgeting, and scenario planning.
The move addresses evolving needs around pay transparency and informed pay decisions.
Pequity's software combines spreadsheet-like ease with enterprise-scale automation.
This enhances ADP's ability to help clients navigate the complex compensation landscape.
Addressing the Evolving Compensation Landscape
The acquisition comes at a time when employers face increasing challenges, from new pay transparency regulations to the need for deeper analytics to make competitive pay decisions. Integrating Pequity's technology will provide ADP's clients with more flexible and powerful tools to manage these complexities. "From changing pay transparency laws and regulations to the growing need for deeper insights and analytics, employers today need flexible compensation solutions to help them address the dynamic talent market and make informed pay decisions," said Sreeni Kutam, president of Global Product and Innovation at ADP.
Enhancing Capabilities with Pequity's Technology
Pequity's platform is recognized for its flexible configurations and AI-driven insights, which streamline compensation planning, budgeting, and scenario analysis. Its software is designed to combine the familiar interface of a spreadsheet with the power of automation, making it easier for HR teams to manage complex compensation programs effectively. This technology will be integrated into ADP's suite to bolster its offerings for enterprise and multinational clients. "The Pequity team is thrilled to join ADP," said Kaitlyn Knopp, CEO and co-founder of Pequity. "Now, with the extensive expertise, resources and global reach of ADP, we can continue to drive the future of compensation management innovation at scale."
Conclusion
The acquisition of Pequity marks a significant step in ADP's strategy to provide a more comprehensive and intelligent HCM platform. By incorporating Pequity's specialized compensation management capabilities, ADP is better equipped to help organizations of all sizes navigate the future of work with confidence, ensuring they can attract, retain, and compensate talent fairly and competitively.
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises — and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll.
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