ADP Acquires Honu HR, Inc. DBA Sora; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
ADP has acquired Honu HR, Inc., also known as Sora. The terms of the deal were not disclosed.
August 04, 2023 | 1:19 pm
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ADP's acquisition of Honu HR, Inc. could potentially expand its HR solutions portfolio.
Acquisitions often provide companies with opportunities to expand their product or service offerings. In this case, ADP's acquisition of Honu HR, Inc. could potentially enhance its HR solutions portfolio, which could lead to increased revenues in the future. However, the impact on the stock price will depend on the financial performance of the acquired company and the synergies realized from the acquisition.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100