Automatic Data Processing, Inc. history, profile and corporate video
Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates through three business segments: Employer Services, Professional Employer Organization Services and Dealer Services. The Employer Services segment offers business outsourcing and human capital management solutions, including payroll, benefits administration, talent management, human resources management, time and attendance management, insurance, retirement and compliance and payment. The Professional Employer Organization Services segment provides employment administration outsourcing solutions through a co-employment relationship, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers’ compensation coverage and other supplemental benefits for employees. The Dealer Services segment provides integrated dealer management systems, digital marketing solutions and other business management solutions to auto, truck, motorcycle, marine, recreational vehicle and heavy equipment retailers, distributors and manufacturers. Automatic Data Processing was founded by Henry Taub in 1949 and is headquartered in Roseland, NJ.“
“Automatic Data Processing History
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. 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.
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. (NYSE: BR), removing about $2 billion from ADP’s total yearly revenue.[7]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.
ADP is sponsor of the ADP National Employment Report as well as the ADP Small Business Report.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “ADP“