The Cosine Group, a division of Armory Securities, Congratulates Pequity on its Acquisition by ADP
December 3, 2025
Source: Armory Securities
The Cosine Group, a division of Armory Securities, is excited to congratulate its client Pequity, an innovative leader in compensation management software, on its acquisition by ADP, a global leader in HR and payroll solutions. The acquisition will broaden the tools ADP offers to support the complex compensation planning needs of its mid-size, enterprise and multinational clients. The Cosine Group served as the exclusive financial advisor to Pequity for the transaction.
About Pequity:
Pequity’s platform centralizes compensation planning, analytics, and approvals—enabling HR and finance teams to design and execute fair, efficient, and compliant compensation programs at scale. Used by mid-market and global enterprise finance, technology and healthcare organizations, including Canva, Instacart, Notion, Captrust, and Uber Freight, Pequity increases the control of and flexibility in building and managing compensation programs all while reducing the time requirements from weeks to days. The company was founded in San Francisco in 2019, and operates with a fully-remote team spanning the globe.
About The Cosine Group:
This acquisition adds to The Cosine Group’s extensive experience advising B2B software companies in strategic transactions. Serving in both sell-side and buy-side capacities to growth-stage technology companies, The Cosine Group boasts significant experience with commerce enablement, content management, digital media, financial technology, marketing technology, vertical software, and tech-enabled solutions companies. The transaction was led by Nick Hailey and Dan Lasher.
About Pequity:
Pequity’s platform centralizes compensation planning, analytics, and approvals—enabling HR and finance teams to design and execute fair, efficient, and compliant compensation programs at scale. Used by mid-market and global enterprise finance, technology and healthcare organizations, including Canva, Instacart, Notion, Captrust, and Uber Freight, Pequity increases the control of and flexibility in building and managing compensation programs all while reducing the time requirements from weeks to days. The company was founded in San Francisco in 2019, and operates with a fully-remote team spanning the globe.
About The Cosine Group:
This acquisition adds to The Cosine Group’s extensive experience advising B2B software companies in strategic transactions. Serving in both sell-side and buy-side capacities to growth-stage technology companies, The Cosine Group boasts significant experience with commerce enablement, content management, digital media, financial technology, marketing technology, vertical software, and tech-enabled solutions companies. The transaction was led by Nick Hailey and Dan Lasher.
