ADP buys WorkForce Software

Payroll and human resource services giant ADP announced it has acquired global enterprise-focused workforce management solution provider WorkForce Software, based in Michigan.

The specific terms of the deal were not disclosed. However, previous reporting from Bloomberg said that, at a certain point, the deal was thought to be worth around $1.2 billion.

WorkForce is known particularly for its time and attendance, scheduling, forecasting, leave and absence management, and employee communications capabilities, as well as its global support organization, all of which will broaden the full suite of workforce management solutions ADP offers. WorkForce Software's solutions can accommodate unique pay rules, labor regulations, and schedules, whether employees are deskless, hourly, unionized, full-time, part-time, or seasonal.

"As the needs of today's global workforce continue to shift, employers need dynamic workforce management solutions that will help them maintain compliance and flexibility while engaging their employees," said Maria Black, president and CEO of ADP, in a statement.  "We are excited to welcome the WorkForce Software team to ADP and will leverage the deep expertise across both teams to further innovate and address the many unique and wide-ranging needs of our clients." 

The news of the acquisition comes on the heels of ADP releasing an all-in-one generative AI platform for payroll and other needs this past September. Called Lyric, it is aimed at creating flexible and personalized solutions within a unified data environment, in contrast with the more defined and singular functions of disparate specialized software. Prior to that, it had also released a generative AI solution called ADP Assist. The solution is built on data from over 1 million ADP clients spanning 140 countries and 41 million wage earners that it uses to produce insights and analyses, as well as manage financial information. 

Patrick T. Fallon/Bloomberg