ADP has acquired independent global payroll provider Celergo in a move that industry pundits have described as “game-changing”.
The purchase, which took place on 31 July for an undisclosed sum, was announced a day later when the HR and payroll services giant reported its fourth quarter figures for fiscal 2018. The vendor’s aim is to grab a larger slice of the multi-country payroll outsourcing market, which is worth more than US$3 billion and growing rapidly.
Carlos Rodriguez, ADP’s president and chief executive, said: “Celergo enhances ADP’s multi-country payroll capabilities in a rapidly evolving global market and will improve the client experience and drive revenue growth. This builds on our recent acquisitions of Global Cash Card and WorkMarket, all of which address a changing workforce that is increasingly global, freelance or part-time, and requires flexible payment solutions."
Melanie Pizzey, chief executive of the Global Payroll Association, described the move as “big news”.
“It’s a game-changer,” she said. “Celergo is a large player and was one of the first to enter the global payroll sector, so the fact that it has been acquired by ADP marks a turning point as there'll be less available vendors to choose from."
Set up in 2003 and based in Chicago, Celergo provides multi-country payroll services to customers in 150 countries by means of both proprietary cloud-based software and a local payroll provider network. The cloud-based technology platform, in particular, is expected to “enhance” ADP’s international payroll offerings.
Cath Everett, content editor of GPA.Live
ADP has acquired independent global payroll provider Celergo in a move that industry pundits have described as “game-changing”.
The purchase, which took place on 31 July for an undisclosed sum, was announced a day later when the HR and payroll services giant reported its fourth quarter figures for fiscal 2018. The vendor’s aim is to grab a larger slice of the multi-country payroll outsourcing market, which is worth more than US$3 billion and growing rapidly.
Carlos Rodriguez, ADP’s president and chief executive, said: “Celergo enhances ADP’s multi-country payroll capabilities in a rapidly evolving global market and will improve the client experience and drive revenue growth. This builds on our recent acquisitions of Global Cash Card and WorkMarket, all of which address a changing workforce that is increasingly global, freelance or part-time, and requires flexible payment solutions."
Melanie Pizzey, chief executive of the Global Payroll Association, described the move as “big news”.
“It’s a game-changer,” she said. “Celergo is a large player and was one of the first to enter the global payroll sector, so the fact that it has been acquired by ADP marks a turning point as there'll be less available vendors to choose from."
Set up in 2003 and based in Chicago, Celergo provides multi-country payroll services to customers in 150 countries by means of both proprietary cloud-based software and a local payroll provider network. The cloud-based technology platform, in particular, is expected to “enhance” ADP’s international payroll offerings.
Cath Everett, content editor of GPA.Live
