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ADP completes acquisition of WorkForce Software to expand global offering
PRIVATEOct 15, 2024•over 1 year ago
Acquiring Company
ADP
Acquired Company
Workforce Scheduling Software Company
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.
M&A Insights
Based on deal dataIntegration 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