ROSELAND, N.J., Jan. 16, 2012 /PRNewswire/ -- ADP®, a
leading provider of human resource outsourcing, payroll
services, tax and compliance services, benefits
administration and accounts payable solutions, today
announced that it has acquired the Indian payroll business of
Randstad Holding nv, NYSE Euronext Amsterdam, from its Indian
subsidiary Ma Foi Randstad. The terms of the transaction were not
disclosed.
Ma Foi Consulting Solutions Ltd., the Indian company acquired by
ADP from Ma Foi Randstad, offers managed payroll services and
social benefits administration to clients across India through a fully customized payroll
engine. The company uses this platform to serve approximately
350 brand-name multinational and domestic clients. As part of
the transaction, ADP will take on a team of over 200 new
associates.
Ma Foi and ADP have partnered in
the marketing and operation of ADP Streamline® service since
2009. ADP Streamline, a key offering in ADP's growing
multinational client portfolio, is the company's payroll solution
for clients with small to mid-sized presence in multiple countries
across the world. This acquisition supports ADP's broader
strategy to expand its global footprint in human resources business
process outsourcing (HR BPO) across large and developing
markets.
Mark Benjamin, President, ADP
Employer Services International, commented, "I am very pleased to
take our longstanding partnership with Ma
Foi to the ownership phase. ADP's acquisition of Ma
Foi Consulting Solutions gives us a direct presence in the large
and developing Indian market for HR BPO. This acquisition
also enhances our ability to meet the needs of our large
multinational clients with operations in India, whom we serve through our ADP
Streamline and GlobalView® solutions."
Rahul Goyal, President of Ma Foi
Consulting Solutions, who will continue to manage the business for
ADP, added: "We are delighted to become a part of the ADP
team. ADP has an excellent reputation and track record in the
payroll and HR industry around the world. We look forward to
strengthening our service offering to domestic and multinational
companies operating in the Indian marketplace through increased
focus and investment as a result of this strategic
combination."
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.
For more information please contact:
Public Relations, ADP
(973) 974-7612
public_relations@adp.com
SOURCE Automatic Data Processing, Inc.