ROSELAND, N.J., July 1 /PRNewswire-FirstCall/ -- ADP®, a leading
provider of HR, payroll and benefits administration services, today
announced it has entered into a definitive agreement to acquire
privately-held Workscape, Inc., a leading provider of integrated
benefits and compensation solutions and services.
Based in Marlborough, Mass.,
Workscape serves a broad client base, including numerous Fortune
250 companies, and provides solutions to more than 3.5 million
users with services deployed in over 180 countries, 48 currencies
and 70 languages. As such, the acquisition will significantly
expand ADP's presence within the benefits marketplace for large,
complex organizations.
Closing of the acquisition is expected in the third quarter of
calendar 2010 and is subject to customary closing conditions,
including the expiration of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act. The transaction is
not subject to financing. Terms of the proposed agreement were not
disclosed.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
570,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging 60 years of experience,
ADP offers a wide range of HR, payroll, tax and benefits
administration solutions from a single source. ADP's easy-to-use,
cost-effective 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 website at
www.ADP.com.
About Workscape
Workscape addresses the talent management, benefits
administration and employee communication challenges of hundreds of
organizations and millions of workers across the country and across
the globe. For more than a decade, Workscape has been delivering
Web-based software and services that help organizations reduce
healthcare costs, improve adherence to compensation budgets and
ensure alignment between employee activities and corporate goals.
As a result, Workscape's employee-centric approach has consistently
helped organizations with their greatest workforce expenditures:
healthcare benefits and employee compensation.
For more
information, contact:
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Kelly Shanley,
ADP
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(973)
974-7612
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public_relations@adp.com
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Christian Harper,
Weber Shandwick for ADP
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(212)
445-8135
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charper@webershandwick.com
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Jeanne Achille, The
Devon Group for Workscape
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(732) 706-0123, ext.
11
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jeanne@devonpr.com
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SOURCE ADP