Automatic Data Processing

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Automatic Data Processing, Inc.

Type	Public
Traded as	NASDAQ: ADP NASDAQ-100 Component S&P 500 Component
Industry	Business process outsourcing
Founded	Paterson, New Jersey (1949)
Headquarters	Roseland, New Jersey, U.S.
Key people	Leslie A. Brun (Chairman) Carlos Rodriguez (CEO)
Revenue	US$ 9.9 billion (FY 2011)^[1]
Net income	US$ 1.3 billion (FY 2010)^[1]
Total assets	US$ 34.2 billion (FY 2010)^[1]
Total equity	US$ 6.0 billion (FY 2010)^[1]
Employees	51,000 (June 2011)^[1]
Website	www.adp.com

Automatic Data Processing, Inc. (NASDAQ: ADP) is a provider of business outsourcing. 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]

1 History
- 1.1 Dealer services
2 Recognitions
3 BZ Results
4 Primary competition
5 References
6 External links

History

In 1949 Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business. 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.

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 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.^[5] ADP was distributing 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.^[6] ADP is sponsor of the ADP National Employment Report as well as the ADP Small Business Report.

Dealer services

Dealer Services provides integrated technology services and solutions to about 25,000 automotive dealerships internationally, as well as vehicle manufacturers.^[7] In 2010, ADP acquired the automotive marketing company Cobalt.^[8]

Recognitions

ADP achieved a 100 percent rating in the 2011 Corporate Equality Index (CEI) report.^[9]
In 2010, ADP was awarded the #2 ranking in the Training Top 125 List by Training magazine. ADP ranked 12th in 2009 and 20th in 2008.^[10]^[11]
In 2009 the Aberdeen Group named ADP as one of the top 25 Most Influential Technology Vendors for 2009.^[9]
ADP ranked first on Fortune's 2010 list of America’s Most Admired Companies within the Financial Data Services category.^[9]
In 2006, ADP ranked #2 on InformationWeek 500's top 250 Innovators.^[12]
In 2003, 2004, and 2005, ADP was ranked as one of the top 10 companies in North America, having been AAA/Aaa rated by both S&P and Moody's.^[13]^[14]^[15]

BZ Results

BZ Results (Automotive Dealer Services), winner of the 2006 “Innovative Company of the Year”,^[16]^[17] was purchased by ADP in 2006.^[18] At the time, BZ Results was valued at $125 million.