ROSELAND, N.J., Sept. 14, 2011 /PRNewswire/ -- ADP®, a leading
provider of human resource outsourcing, payroll services, benefits
administration and integrated computing solutions for vehicle
dealers, today announced it has acquired Asparity Decision
Solutions, a highly-respected, privately-held supplier of patented
employee benefits decision support tools. Asparity's service
offerings engage employees as health care consumers while providing
employers with analytics to help them design more effective benefit
strategies. The terms of the transaction were not disclosed.
Asparity currently delivers Web-based decision support
technology and advanced consumer behavioral data analytics to
FORTUNE 1,000 companies and public-sector employers. In addition,
Asparity provides decision support tools, branded as
PlanSmartChoice, to all federal employees who participate in the
Federal Employees Health Benefits (FEHB) program. In the 2011
benefit plan year, nearly 100,000 federal employees have used the
decision support utility. The addition of Asparity underscores
ADP's long history and on-going commitment to providing robust,
insightful benefits administration solutions and outsourcing
services that help clients execute on their critical benefits
strategies.
"The acquisition of Asparity enhances ADP's overall leadership
position in Human Capital Management by strengthening our benefits
solutions portfolio and expertise," said Tim Clifford, President, Benefits Services at
ADP. "Together, Asparity and ADP will be able to better meet the
needs of clients that are seeking ways to streamline the annual
enrollment process, contain health care costs and offer their
employees more personalized solutions to help them make smarter,
more informed benefits choices."
"ADP's acquisition of Asparity is an all around win-win," noted
Linda Merritt, Research Manager, HRO
at NelsonHall. "This is an excellent fit for ADP, which continues
to expand its value proposition by enhancing its benefits and human
capital management business process capabilities in a manner well
suited to its strengths. Together, ADP and Asparity will be able to
provide knowledgeable insights into managing the rising cost of
health care and link its services to creating broader business
value."
As the industry leading provider of comprehensive payroll and
benefits administration solutions, ADP recognizes the importance of
helping employees understand and optimize benefit choices while
maximizing their take-home pay. With the addition of Asparity,
ADP's benefits portfolio will gain proprietary decision support
tools and a decade of expertise in analyzing and understanding
employee health care preferences. This deep understanding of
consumer buying needs will strengthen ADP's ability to serve
clients by providing insightful expertise and visionary
solutions.
"As part of the ADP family, Asparity will gain access to the
vast resources and infrastructure needed to significantly expand
our reach," said Colleen Murphy,
President and CEO of Asparity. "As the health care system becomes
increasingly complex, we will be better positioned to help our
clients address the important challenge of engaging their employees
to make more informed, affordable health care decisions."
Contemporary drivers such as consolidated plan offerings,
changing benefit designs, increasing employee contributions, and
recent U.S. health care reform mandates are placing increased
responsibility for health care decision-making directly upon
individual consumers. With Asparity, ADP clients can provide their
employees with valuable tools that help them navigate the
complexity of current and emerging benefits options and guide them
in selecting the best plans – based on what is most important to
them and their families. Asparity's decision support users benefit
from identifying and enrolling in the plans that can best meet
their personal and family needs, all while helping to reduce costs
for themselves and their employers.
"Employers today are concerned about the cost burden and
complexity associated with health care reform, namely the Patient
Protection and Affordable Care Act (PPACA)," noted Clifford. "In
fact, a recent ADP study found that 70% of HR decision-makers at
large organizations believe that new regulations will make benefits
administration a more difficult process. ADP, along with
Asparity's solid experience in the public sector, will be uniquely
positioned to provide employers with the tools and support needed
to successfully navigate and meet these new challenges."
The acquisition of Asparity builds on ADP's broader efforts to
expand the depth and breadth of its benefits administration service
offerings. Most recently, the company introduced a Strategic
Advisory Services group that will work directly with clients and
provide them with business intelligence and analysis of the
constantly changing benefits administration landscape. By
delivering value-added analytics, insights and actionable ideas,
the Strategic Advisory Services group's mission is to help clients
successfully execute their benefits strategies and provide a high
quality participant experience.
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with about
$10 billion in revenues and
approximately 570,000 clients, is one of the world's largest
providers of business outsourcing solutions. Leveraging over 60
years of experience, ADP offers a wide range of human resource,
payroll, tax and benefits administration solutions from a single
source. ADP's easy-to-use solutions for employers provide superior
value to companies of all types and sizes. ADP is also a leading
provider of integrated computing solutions to auto, truck,
motorcycle, marine, recreational vehicle, and heavy equipment
dealers throughout the world. For more information about ADP or to
contact a local ADP sales office, reach us at 1.800.225.5237 or
visit the company's Web site at www.ADP.com.
About Asparity
Asparity provides decision support and data solutions for the
management of health care and employee benefits. The company owns
patented technology in conjoint analysis and advanced software
applications that it delivers directly to corporate clients,
through strategic partners, and in a sponsorship-based Web portal
(PlanSmartChoice.com). The company is headquartered in Durham, North Carolina. To find out more,
please visit www.asparity.com or contact us at 919-688-1430.
For more information, contact:
Christian Harper, Weber Shandwick
for ADP
(212) 445-8135
charper@webershandwick.com
SOURCE Automatic Data Processing, Inc.