ROSELAND, N.J., Oct. 7 /PRNewswire-FirstCall/ -- ADP ®, a
leading provider of HR, payroll and benefits administration
services, today announced that it has acquired MasterTax, LLC and
MasterTax Services, LLC, collectively a leading provider of payroll
tax and compliance software and services. The terms of the
transaction were not disclosed.
Based in Scottsdale, Ariz.,
MasterTax provides Fortune 1000 companies and other clients with
comprehensive payroll tax and compliance services covering more
than 10,000 tax jurisdictions in the
United States and Canada.
MasterTax's services range from the in-house deployment of
its award-winning tax filing software to the complete outsourcing
of the payroll tax function through MasterTax Services. As
such, the addition of MasterTax will enhance the depth, breadth and
reach of ADP's tax and compliance offering with greater flexibility
to respond to client needs.
"As an industry leader in payroll tax filing, ADP's acquisition
of MasterTax underscores our commitment to offering the broadest,
most comprehensive payroll tax and compliance offering in the
market," said Kathy Amooi, Senior Division Vice President and
General Manager, ADP Tax and Financial Services. "We look
forward to leveraging our combined expertise in tax and compliance
services, as well as introducing MasterTax's clients to ADP's broad
offering of proven solutions."
Since its debut in 1997, MasterTax has become one of the most
popular payroll tax filing software programs in the industry and is
utilized by large, multinational companies, as well as a wide array
of payroll service providers and professional employer
organizations. It offers a complete solution to schedule,
pay, balance, file and analyze payroll taxes, enabling businesses
to reduce the burden of tax filing, save valuable time and focus on
their core competencies.
"For more than a decade, MasterTax has achieved steady,
consistent growth due to its proven expertise in payroll tax
compliance, its commitment to customer service excellence and its
best-in-class payroll tax filing software," said Richard Warneka, President of MasterTax.
"Going forward, we are convinced that MasterTax will be
better positioned to thrive and realize its full future growth
potential as part of ADP, a world-class organization with
tremendous scale, assets and synergistic expertise in the payroll
tax and compliance arena."
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 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 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
website at www.ADP.com.
About MasterTax, LLC
MasterTax, LLC, provides payroll tax compliance solutions to
quickly and efficiently complete the payroll tax process.
MasterTax's best-in-class suite of products and services provides
users with the ability to quickly schedule, pay, balance and file
payroll taxes. MasterTax is headquartered in Scottsdale, Arizona. For more
information about MasterTax, visit www.mastertax.net.
For more information,
contact:
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ADP Public Relations
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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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Raymond Ng, MasterTax,
LLC
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(480) 778-8707
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rng@mastertax.net
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SOURCE Automatic Data Processing, Inc.
Copyright t. 7 PR Newswire