ROSELAND, N.J., Aug. 1, 2018 /PRNewswire/ -- ADP®
today announced that it has acquired Celergo, a leading provider of
global payroll management services. The acquisition will
enhance ADP's international payroll offerings with a strong
platform and new solutions, including cross-currency and expatriate
payment services.
Founded in 2003 and headquartered in Chicago, Celergo offers multi-country payroll
in 150 countries and combines a proprietary cloud-based technology
platform with a local provider network to enable timely, accurate
and compliant payroll. With comprehensive solutions and an
attractive financial profile, Celergo has steadily grown its client
base, geographic coverage and partner network. The
multi-country payroll outsourcing market is over $3 billion today and is growing rapidly as
companies are looking for greater visibility over their
increasingly global workforce, while efficiently managing the
compliance elements of multi-country payroll.
Carlos Rodriguez, president and
CEO of ADP, said, "Celergo enhances ADP's multi-country payroll
capabilities in a rapidly evolving global market and will improve
the client experience and drive revenue growth. This builds
on our recent acquisitions of Global Cash Card and WorkMarket, all
of which address a changing workforce that is increasingly global,
freelance or part-time, and requires flexible payment
solutions."
The acquisition of Celergo will allow ADP to capitalize on
growth opportunities as the market continues to shift toward global
Human Capital Management solutions. Beyond the new solutions,
Celergo also extends ADP's footprint and brings over 200
multi-national client relationships as well as a talented team with
significant experience in multi-country payroll, a key priority
area for ADP.
Don McGuire, president of
Employer Services International at ADP, said, "ADP is already a
leader in the fast-growing global Human Capital Management
segment. The acquisition of Celergo will allow us to leverage
a proven platform that will improve both our client and partner
experience. We look forward to welcoming the Celergo team to
ADP and working together to provide even better solutions for our
clients around the globe."
Tim Callahan, CEO of Celergo,
said, "We have long-admired ADP's incredible scale and success and
are thrilled to be joining the company at this exciting time in the
global human capital management market. Our team has built
strong solutions for our clients across the globe and I look
forward to seeing how we can further excel in this shifting market
with the support and resources of ADP."
About ADP (NASDAQ-ADP)
Powerful technology plus a human touch. Companies of all types and
sizes around the world rely on ADP cloud software and expert
insights to help unlock the potential of their people.
HR. Talent. Benefits. Payroll.
Compliance. Working together to build a better workforce.
For more information, visit ADP.com.
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trademarks of ADP, LLC. All other marks are the property of their
respective owners.
Copyright © 2018 ADP, LLC. All rights reserved.
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SOURCE ADP, LLC