ADP Signs Agreement to Acquire DO2 Technologies
05 Janeiro 2010 - 11:30AM
Marketwired
ADP ®, a leading provider of outsourced HR, payroll, and benefits
administration services, today announced it has entered into an
agreement to acquire DO2 Technologies Inc., of Calgary, Alberta, a
leading provider of electronic-invoicing solutions.
"This acquisition is part of a broader strategy to provide
solutions for CFO's and finance executives," said Kathy Amooi,
Senior DVP and General Manager for ADP's Tax and Financial Services
business. "We recognize the integral role finance professionals
play in running a business and are committed to addressing their
needs. By offering a broad set of solutions including payroll and
tax filing, payment solutions, garnishment services, unemployment
compensation management, tax credit services, sales tax automation,
and with this acquisition, accounts payable, we will provide
finance executives with greater visibility and control of the
business so they can focus on higher level, more strategic
activities."
The technology acquired from DO2 simplifies the procure-to-pay
function, from purchase order integration and transaction
processing to discount management, price compliance, approvals
workflow, and payment. The solution is delivered through a SaaS
(software-as-a-service) model, enabling fast ramp-up and a lower
cost of ownership.
The acquisition is subject to customary closing conditions.
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9
billion in revenue and about 570,000 clients, is one of the world's
largest providers of business outsourcing solutions. Leveraging 60
years of experience, ADP offers the widest range of HR, 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
and recreational vehicle 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.
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