January 22, 2018 | Announcements

GCA Advises WorkMarket on Its Sale to ADP

GCA Advisors is pleased to announce our 57th technology transaction since the start of 2017. We acted as exclusive financial advisor to WorkMarket, a leading cloud-based workforce management solution provider that allows companies to build and manage an integrated workforce across W-2 employees, 1099 contractors, vendors and other types of workers, on its sale to ADP (NASDAQ: ADP).

Founded in 2010 and headquartered in New York City, WorkMarket is backed by Union Square Ventures, SoftBank Capital, Spark Capital and Foundry Group, as well as Accenture Ventures. WorkMarket helps its clients manage their integrated workforce in a simple, secure and compliant manner. The company’s innovative solutions include tools to source and vet independent workers, manage their engagements, and pay and evaluate these workers. In addition to offering robust freelancer management functionality, WorkMarket has extended its capabilities to help clients optimize how work gets done across any labor type. The company’s client base spans global brands, as well as small and mid-sized businesses.

Automatic Data Processing, Inc. (“ADP”) provides cloud-based human capital management solutions for 700,000 clients around the world. One of the largest providers of HR services in North America, Europe, Latin America and the Pacific Rim, the company’s comprehensive recruit-to-retire services are used by more than 70% of Fortune 500 companies.

The acquisition expands ADP’s portfolio of payroll and human capital management solutions and provides its client base with tools to manage and have insights into the modern workforce.

Terms of the transaction have not been disclosed.

About GCA
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.

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