ROSELAND — ADP has recently acquired WorkMarket, a merger which will make ADP the only human capital management provider with broad functionality for HR professionals.

ADP has announced its acquisition of WorkMarket, which is a leading cloud-based workforce management provider and says the move will help the company build on its current portfolio of payroll and human capital management. 

"At ADP, we innovate by anticipating how the world of work evolves and how dynamics -- like the rise of the gig economy -- impact the needs of our clients and the modern workforce," ADP president and CEO Carlos Rodriguez said in a news release. "WorkMarket allows us to provide ready access to a growing contingent labor pool and the tools to manage and pay them in a secure, efficient and compliant manner."

"Through this acquisition, ADP continues its tradition of helping clients keep pace with change and manage increasing complexity," Rodriguez said in a statement. "WorkMarket is a proven expert in freelancer management. We are thrilled to welcome their team to ours and to leverage our global footprint and bring scale to their expertise and technology."

"The WorkMarket team is thrilled to be joining ADP," WorkMarket co-founder and president Jeff Wald said in a statement. "We share the same vision of enabling companies and workers alike to navigate the changing labor marketplace with greater ease, and we look forward to offering our solutions to ADP's vast client base."

ADP supplies cloud software and insights for HR talent, benefits, payroll and compliance.