ADP in Talks to Acquire WorkForce Software for $1.2 Billion

Human resources software company ADP is in advanced discussions to acquire WorkForce Software, a company specializing in customized payroll solutions, for approximately $1.2 billion. The deal, which could be announced soon, would see ADP acquire WorkForce Software from its current backers, including investment firms Elliott Investment Management and Insight Partners. However, it is important to note that the deal is not yet finalized and could still fall apart. ADP, a major player in the payroll industry, aims to expand its human capital management offerings through this acquisition. WorkForce Software, on the other hand, is known for its specialized payroll solutions catering to unique employee needs.