PR Newswire: news distribution, targeting and monitoring
 

ADP Enters Agreement To Acquire Workscape, Inc.

 
 

Acquisition Will Significantly Expand ADP's Presence in the Benefits Marketplace

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:

Kelly Shanley, ADP

(973) 974-7612

public_relations@adp.com


Christian Harper, Weber Shandwick for ADP

(212) 445-8135

charper@webershandwick.com


Jeanne Achille, The Devon Group for Workscape

(732) 706-0123, ext. 11

jeanne@devonpr.com



SOURCE ADP

Back to top

RELATED LINKS
http://www.adp.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

Featured Video

 
  • Print
  • Email
  •   RSS
  • Share it 
  • Blog it 
  • Blog Search 

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Free Investing Newsletter from Investor Uprising!

Learn to navigate the world's financial system and profit from leading companies.  


Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".

Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire