Automatic Data Processing

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Automatic Data Processing, Inc.
TypePublic
Traded asNASDAQADP
NASDAQ-100 Component
S&P 500 Component
IndustryBusiness services
FoundedPaterson, New Jersey (1949)
HeadquartersRoseland, New Jersey, U.S.
Key peopleLeslie A. Brun (Chairman) Carlos Rodriguez (President & CEO)
ServicesHuman resource, payroll, tax and benefits administration solutions from a single source
RevenueIncrease $10.66 billion (2012)[1]
Operating incomeIncrease $2.122 billion (2012)[1]
Net incomeIncrease $1.388 billion (2012)[1]
Total assetsIncrease $30.81 billion (2012)[1]
Total equityIncrease $6.114 billion (2012)[1]
Employees60,000 +
Websitewww.adp.com
 
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Automatic Data Processing, Inc.
TypePublic
Traded asNASDAQADP
NASDAQ-100 Component
S&P 500 Component
IndustryBusiness services
FoundedPaterson, New Jersey (1949)
HeadquartersRoseland, New Jersey, U.S.
Key peopleLeslie A. Brun (Chairman) Carlos Rodriguez (President & CEO)
ServicesHuman resource, payroll, tax and benefits administration solutions from a single source
RevenueIncrease $10.66 billion (2012)[1]
Operating incomeIncrease $2.122 billion (2012)[1]
Net incomeIncrease $1.388 billion (2012)[1]
Total assetsIncrease $30.81 billion (2012)[1]
Total equityIncrease $6.114 billion (2012)[1]
Employees60,000 +
Websitewww.adp.com

Automatic Data Processing, Inc. (ADP), is an American provider of business outsourcing solutions. It is also a provider of computing services to automobile and heavy equipment dealers. ADP is one of four U.S. companies to get a AAA credit rating from Standard & Poor's (S&P) and Moody's.[2][3]

History[edit]

In 1949 Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1952, Lautenberg became Chairman and CEO of the company. In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers.[4] ADP went public in 1961 with 300 clients, 125 employees and revenues of approximately $400,000. The company established a subsidiary in the United Kingdom in 1965 and acquired the pioneering online computer services company, Time Sharing Limited (TSL) in 1974. Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.

From 1985 onward, ADP’s annual revenues exceeded the $1 billion mark, with paychecks processed for about 10% of the U.S. workforce. In the 1990s ADP began acting as a professional employer organization (PEO). Around this time, the company acquired Autonom, a German company, Kerridge Computer Co. Ltd., a dealer management systems (DMS) provider to auto dealers in the UK, and the payroll and human resource services company, GSI, headquartered in Paris.

In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government.[5]

In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. (NYSEBR), removing about $2 billion from ADP's total yearly revenue.[6] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.[7]

ADP is sponsor of the ADP National Employment Report as well as the ADP Small Business Report.

Dealer services[edit]

Dealer Services provides integrated technology services and solutions to about 25,000 automotive dealerships internationally, as well as vehicle manufacturers.[8] In 2010, ADP acquired the automotive marketing company Cobalt.[9]

BZ Results (Automotive Dealer Services), winner of the 2006 “Innovative Company of the Year”,[10][11] was purchased by ADP in 2006.[12] At the time, BZ Results was valued at $125 million.

Recognitions[edit]

References[edit]

  1. ^ a b c d e "Automatic Data Processing 2012 Annual Report, Form 10-K, Filing Date August 20, 2012". secdatabase.com. Retrieved Dec 26, 2012. 
  2. ^ Rooney, Ben (February 5, 2010). "Buffett's Berkshire loses top S&P credit rating". CNN. 
  3. ^ http://seekingalpha.com/article/282080-4-aaa-rated-companies-with-attractive-yields
  4. ^ ADP History
  5. ^ "Ministers under fire over licence errors". Highbeam Business. 4 February 1999. 
  6. ^ "Automatic Data Processing March 2007 Current Report, Form 8-K, Filing Date March 21, 2007". secdatabase.com. Retrieved Dec 26, 2012. 
  7. ^ "Automatic Data Processing April 2007 Current Report, Form 8-K, Filing Date April 04, 2007". secdatabase.com. Retrieved Dec 26, 2012. 
  8. ^ "ADP Dealer Services Group". BusinessWeek. 
  9. ^ http://www.dealer-magazine.com/dealer/blogs/the-dealer-scoop-with-cliff-banks/blog/adp-completes-cobalt-acquisition-is-it-nirvana/35303d4dfa.html
  10. ^ Sean Wolfington. AutoSuccess Magazine. Retrieved March 6, 2007.
  11. ^ Auto Success magazine (pg. 8-10).
  12. ^ Cliff Banks (April 1, 2006). "ADP Bolsters Website Efforts By Buying BZ". WardsAuto.com. 
  13. ^ http://www.computerworld.com/spring/bp/detail/946
  14. ^ a b c http://www.adp.com/careers/why-adp/recognition-awards.aspx
  15. ^ "Training Top 125: 2010". 
  16. ^ "Training Top 125: 2009" (pdf). 
  17. ^ "InformationWeek 500: Top 250 Innovators" (pdf). 2006-09-11. Retrieved 2007-09-22. 
  18. ^ Automatic Data Processing (ADP) 2003 Summary Annual Report (pg. 6)
  19. ^ Automatic Data Processing (ADP) 2004 Summary Annual Report (pg. 14)
  20. ^ Automatic Data Processing (ADP) 2005 Summary Annual Report (pg. 6)

External links[edit]