ADP®, a leader in HR and payroll solutions, has acquired Pequity. Pequity is a fast-growing compensation management software provider founded in 2019. This acquisition boosts ADP’s global compensation management services. It aims to better support mid-size, enterprise, and multinational clients. This comes as pay transparency laws change and demand for data-driven pay insights rises. “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.
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Pequity’s platform, known for its intuitive spreadsheet-like interface combined with AI-enhanced insights, budgeting, and scenario planning tools, simplifies complex compensation processes while integrating seamlessly with HCM systems. “Pequity was founded with the goal of enabling better pay decisions and simplifying the compensation process. Now, with the extensive expertise, resources and global reach of ADP, we can continue to drive the future of compensation management innovation at scale,” said Kaitlyn Knopp, CEO and Co-Founder of Pequity. The acquisition underscores ADP’s commitment to innovation and its strategy to enhance compensation intelligence for a rapidly changing global workforce.
