ADP Acquires Compensation Management Software Provider Pequity

Why It Matters

Integrating Pequity’s technology allows ADP to capture a larger share of the growing compensation‑management market and strengthens its competitive edge against rivals such as Workday and Paychex.

Deal Summary

ADP announced the acquisition of Pequity, a compensation management software firm founded in 2019. The deal value was not disclosed. The purchase expands ADP's suite of HR and payroll tools for mid‑size to multinational clients.