( NYSE: BR), removing about $2 billion USD from ADP's total yearly revenue. In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. Divisions and spinoffs Broadridge Financial Solutions ĪDP currently has about 58,000 employees worldwide and its fiscal year 2019 revenues were $14.2 billion. ADP has also been included on Fortune Magazine's "World's Most Admired Companies" List for 14 consecutive years and has earned recognition from DiversityInc as one of the top companies for diversity and inclusion in the United States for 11 consecutive years. In 2020, ADP was ranked 227 on the Fortune 500 list of the largest United States corporations by revenue. In January 2018, ADP acquired WorkMarket, a New York City-based software platform company that helps businesses manage freelancers, contractors, and consultants. In October 2017, ADP acquired Global Cash Card, a digital payments facilitator. In January 2017, ADP acquired The Marcus Buckingham Company (TMBC). Ltd., a dealer management systems (DMS) provider to auto dealers, primarily in the UK, was acquired in 2006. In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government. Around this time, the company acquired Autonom, a German company, and the payroll and human resource services company, GSI, headquartered in Paris. In the 1990s, ADP began acting as a professional employer organization (PEO). Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.įrom 1985 onward, ADP’s annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. It acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974 and Cyphernetics in 1975. Also in 1970, the company's stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exchange. In 1970, Lautenberg was noted as being the president of the company. The company established a subsidiary in the United Kingdom in 1965.
ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately $400,000 USD. (ADP), and began using punched card machines, check printing machines, and mainframe computers.
In 1961, the company changed its name to Automatic Data Processing, Inc. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. Frank Lautenberg joined the brothers in the company's infancy. as a manual payroll processing business with his brother Joe Taub. In 1949, Henry Taub founded Automatic Payrolls, Inc.
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