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ADP completes acquisition of WorkForce Software to expand global offering

Oct 15, 2024•9 months ago

Acquiring Company

ADP

Acquired Company

Workforce Scheduling Software Company

Livonia

Description

ADP, a leading global technology company providing human capital management solutions, has strategically acquired WorkForce Software, a premier workforce management solutions provider specializing in supporting large, global enterprises. This acquisition expands ADP's global offering of workforce management solutions and enables future innovation in the space.

Company Information

Company

ADP

About

(Nasdaq: ADP)Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com. ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc. Copyright © 2024 ADP, Inc. All rights reserved.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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