ADP, the Roseland-based leader in HR and payroll solutions on Wednesday announced it has acquired Pequity, an innovative compensation management software provider founded in 2019.
This acquisition will strategically expand the tools ADP offers, bolstering its ability to support the increasingly complex compensation planning needs of its mid-size, enterprise, and multinational clients globally.
The integration of Pequity’s technology comes as employers face mounting pressure from changing pay transparency laws and regulations and a dynamic global talent market that demands data-driven pay decisions.
“We are excited to welcome the Pequity team to ADP and will leverage the deep expertise across both teams to further innovate and address the evolving compensation management landscape,” Sreeni Kutam, president of Global Product and Innovation at ADP said.
Pequity’s software is designed to combine the ease of a spreadsheet with the power of automation at scale, making compensation management more effective for employers. Its features—including AI-enhanced insights, flexible configurations, budgeting, and scenario planning tools—will be integrated to broaden ADP’s existing compensation management capabilities.
Kaitlyn Knopp, CEO and co-founder of Pequity, expressed enthusiasm about the new partnership. “Now, with the extensive expertise, resources and global reach of ADP, we can continue to drive the future of compensation management innovation at scale,” she said.
The acquisition reinforces ADP’s commitment to continuously design innovative solutions that help clients manage their workforce and drive business success.
Pequity is a compensation management software designed to streamline and simplify employee compensation processes. It serves as a single hub for all stakeholders, enabling them to align on compensation strategies, communicate pay decisions, and manage compensation data effectively.
