Automatic Data Processing, Inc. (NASDAQ: ADP) was founded in 1949 and is headquartered in Roseland, New Jersey, USA, with 58,000 full-time employees. It is a transaction transfer data processing service provider. It provides computer and financial investment services such as employer payroll services, dealer processing services, and customer claims services. The company is one of the world’s largest service providers.
Automatic Data Processing (ADP):
Automatic Data Processing, abbreviated as ADP, is a company that regularly releases employment data in the United States. It is a relatively authoritative data in the United States. If the number of employees is high, it means that the economy is developing well, which is good news for the US dollar index and US stocks, otherwise, it is bad news.
ADP ranks among the “Financial Times” Global 500 companies, ranked 255th in the 2013 Fortune 500 in the United States, one of the most respected companies in the US “Fortune” magazine, one of the world’s largest human resources service organizations, and 2012 Fourth place in the top 50 resource organizations (ranking first in operating profit and first in salary service industry).
With 60 years of experience in the industry, ADP is able to provide the industry with the most comprehensive human resources, compensation, tax and benefits management solutions. These easy-to-use, cost-effective and innovative service solutions create high value for enterprises of various types and sizes, making their company’s business operations more fruitful and efficient, and ultimately reaching the best industry standards. At the same time, ADP also provides the world’s leading integrated computer information solutions for global car, truck, motorcycle, ship and recreational vehicle dealers.
ADP occupies a leading position in the market with the most comprehensive employer business process management services. These services require a large amount of data processing, data archiving, and have high requirements for science and technology and standardized operations.
Employer services are the core business unit of ADP , helping more than 600,000 employers around the world manage their internal processes efficiently, enabling clients to focus on their core competitiveness. ADP Employer Services can provide the industry’s most comprehensive human resources, salary, tax and benefits management solutions, covering traditional and networked outsourcing products and services. Customers can choose a variety of world-class service solutions provided by ADP based on their own needs. These simple, easy-to-use, cost-effective and innovative service solutions create high value for enterprises of various types and sizes.
The history of Automatic Data Processing includes:
- In 1949, the Taub brothers (Henry Taub & Joe Taub) founded Automatic Payrolls, Inc.;
- In 1952, Frank Lautenberg became the chairman and CEO of the company;
- In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP);
- In 1961, ADP made its first public offering and IPO on Nasdaq ;
- In 1965, established ADP UK branch;
- In 1972, ADP Dealer Services was established and later renamed CDK Global LLC;
- In 1974, ADP acquired Horizon’s online computer service company-Time Sharing Limited (TSL);
- In the 1990s, ADP became a Professional Employers Organization (PEO). During this period, ADP successively acquired the German company Autonom, the British company Kerridge Computer Co. Ltd., and the French payroll and human resources company GSI;
- In September 1998, ADP acquired Chessington Computer Centre, a company that provides services to the British government;
- In 2006, ADP acquired BZ Results, a car dealer service company;
- In 2006, ADP acquired Kerridge Computer Co. Ltd., a British car dealership management system (DMS) company;
- In 2007, ADP’s stock brokerage service business was spun off from the group to establish Broadridge Financial Solutions, Inc. (NYSE: BR);
- In 2010, ADP acquired Cobalt, an automotive market research and service company;
- On April 7, 2014, ADP spun off ADP Dealer Services and became an independent company;
- On August 19, 2014, ADP Dealer Services announced that it will operate independently from its parent company and will be renamed CDK Global LLC ;
- On February 27, 2017, the Automated Data Processing Company confirmed that it will close its office in West Ann Arbor on March 30, 2017;
- In early 2017, ADP described itself as “the largest human resource service provider in North America, Europe, Latin America and the Pacific.”