Company Overview Visit adp.com website
The Automatic Data Processing Company (IN/US), or company abbreviation for ADP, is a multinational American corporation. The headquarters of the company is located in New Jersey and has about 500 offices throughout the United States and 1,700 offices worldwide.
The over 90 year old company finances payrolls processing service as its main business sector. In addition to this, it also provides HR management software as a service (SaaS) called Workforce Now® and other such services such as record-keeping and tax services. It operates by delivering these services to companies via different channels like physical locations, many Fortune 1000 companies implemented ADP's solutions for human resources outsourcing.
ADP was founded in 1949 by two MIT engineering graduates - Paul O'Neil and Wallace Flint - who were both just 25 years old at the time. They intended to help small businesses by providing them payroll solutions that larger companies already had access to.
The company became an official publically traded corporation in 1959, after nearly a decade of successful expansion throughout the United States. In August 2016, ADP made its debut on the Fortune 500 list as the 131st largest U.S.-based business with over $25 billion in revenue for 2015.