Automatic Data Processing

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Type

Public NASDAQ: ADP Traded as NASDAQ-100 Component S&P 500 Component Industry Business process outsourcing Founded Paterson, New Jersey (1949) Headquarters Roseland, New Jersey, U.S. Leslie A. Brun (Chairman) Key people Gary C. Butler (President & CEO) Revenue US$ 8.928 billion (FY 2010)[1] Operating income US$ 1.863 billion (FY 2010)[1] Net income US$ 1.211 billion (FY 2010)[1] Total assets US$ 26.862 billion (FY 2010)[1] Total equity US$ 5.479 billion (FY 2010)[1] Employees 47,000 (June 2010)[1] Website ADP.com Automatic Data Processing, Inc. (NASDAQ: ADP) is a global provider of integrated computing and business outsourcing. ADP has nearly $9 billion in revenues[2] and approximately 570,000 clients.[3] ADP offers a range of HR, payroll, tax and benefits administration. ADP is headquartered in Roseland, New Jersey.[4]

Contents
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1 History 2 Business Units o 2.1 National Account Services o 2.2 Major Accounts Division o 2.3 Dealer Services o 2.4 Added Value Services o 2.5 SBS o 2.6 TotalSource 3 Recognitions 4 BZ Results 5 Primary Competition

6 References 7 External links

[edit] History
Henry Taub, a 21-year-old New Jersey accountant, founded Automatic Payrolls, Inc. in 1949, a manual payroll processing business. In 1957, the company now known as Automatic Data Processing, Inc. (ADP), began using punched card machines, check printing machines, and mainframe computers,[5] with the capability of increasing efficiency and capacity for payroll processing. ADP went public in 1961 with 300 clients, 125 employees and revenues of approximately $400,000. In the next year, Brokerage Services division was developed to serve the high volume transaction needs of major stock brokerages on Wall Street. The company proceeded to offer Dealer Services to automotive dealers to handle inventory and accounting transactions