Jan. 16, 2012
/PRNewswire/ -- ADP®, a leading provider of
human resource outsourcing
tax and compliance services
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
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.
and ADP have partnered in the marketing and operation of
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.
, President, ADP Employer Services International, commented, "I am very pleased to take our longstanding partnership with
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
. This acquisition also enhances our ability to meet the needs of our large multinational clients with operations in
, whom we serve through our ADP Streamline and
, 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."
Automatic Data Processing
, Inc. (Nasdaq: ADP), with about
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
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
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