Investments
7Portfolio Exits
10Partners & Customers
10About Automatic Data Processing
Automatic Data Processing (NASDAQ: ADP) operates as a global provider of cloud-based human capital management (HCM) and human resources outsourcing (HRO) solutions. It provides complete management solutions for HR administration, payroll administration, talent management, employee benefits, benefits administration, employer liability management, and other employee benefits functions. The company caters to restaurant and hospitality, manufacturing, professional and technical services, construction, financial services, healthcare, retail, government, education, non-profit, and social services industries. It was founded in 1949 and is based in Roseland, New Jersey.
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Expert Collections containing Automatic Data Processing
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Find Automatic Data Processing in 1 Expert Collection, including Fortune 500 Investor list.
Fortune 500 Investor list
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This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.
Research containing Automatic Data Processing
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Automatic Data Processing in 3 CB Insights research briefs, most recently on Feb 9, 2023.
Feb 8, 2023 report
29 business moats that helped shape the world’s most massive companies
Nov 7, 2022 report
Top global employment & payroll companies — and why customers chose themLatest Automatic Data Processing News
Mar 17, 2023
Save Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Nov. 1, 2017. Ackman discussed his proxy fight at Automatic Data Processing. ADVERTISEMENT (Bloomberg) -- Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet. (Bloomberg) -- Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet. The activist investor said moves by the largest US banks to deposit $30 billion with First Republic “raised more questions than it answers.” The plan was devised with US regulators and included contributions from JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley. “I have said before that hours matter. We have allowed days to go by. Half measures don’t work when there is a crisis of confidence,” he added. First Republic Gets $30 Billion of Fresh Deposits in Bank Rescue Ackman reiterated that he has no investments long or short in the banking sector. “I am simply extremely concerned about financial contagion risk spiraling out of control and causing severe economic damage and hardship,” he said. More stories like this are available on bloomberg.com ©2023 Bloomberg L.P.
Automatic Data Processing Investments
7 Investments
Automatic Data Processing has made 7 investments. Their latest investment was in Payroll as part of their Private Equity - II on February 2, 2003.
Automatic Data Processing Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
2/28/2003 | Private Equity - II | Payroll | No | 1 | ||
3/20/2002 | Private Equity | |||||
3/20/2002 | Secondary Market - II | |||||
1/22/1999 | Series C | |||||
1/13/1998 | Series A |
Date | 2/28/2003 | 3/20/2002 | 3/20/2002 | 1/22/1999 | 1/13/1998 |
|---|---|---|---|---|---|
Round | Private Equity - II | Private Equity | Secondary Market - II | Series C | Series A |
Company | Payroll | ||||
Amount | |||||
New? | No | ||||
Co-Investors | |||||
Sources | 1 |
Automatic Data Processing Portfolio Exits
10 Portfolio Exits
Automatic Data Processing has 10 portfolio exits. Their latest portfolio exit was Payroll on June 22, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/22/2021 | IPO | Public | 1 | ||
5/25/2018 | IPO | Public | 1 | ||
8/6/2015 | Acq - Fin - II | 1 | |||
Date | 6/22/2021 | 5/25/2018 | 8/6/2015 | ||
|---|---|---|---|---|---|
Exit | IPO | IPO | Acq - Fin - II | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 1 | 1 | 1 |
Automatic Data Processing Acquisitions
36 Acquisitions
Automatic Data Processing acquired 36 companies. Their latest acquisition was Securax Tech Solutions on January 19, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
1/19/2023 | Seed / Angel | Acquired | 1 | |||
8/1/2018 | Growth Equity | $15M | Acquired | 1 | ||
1/22/2018 | Series E+ | $66M | Acquired | 3 | ||
10/5/2017 | ||||||
1/17/2017 | Series A |
Date | 1/19/2023 | 8/1/2018 | 1/22/2018 | 10/5/2017 | 1/17/2017 |
|---|---|---|---|---|---|
Investment Stage | Seed / Angel | Growth Equity | Series E+ | Series A | |
Companies | |||||
Valuation | |||||
Total Funding | $15M | $66M | |||
Note | Acquired | Acquired | Acquired | ||
Sources | 1 | 1 | 3 |
Automatic Data Processing Partners & Customers
10 Partners and customers
Automatic Data Processing has 10 strategic partners and customers. Automatic Data Processing recently partnered with Deltek on February 2, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
2/2/2023 | Partner | United States | By integrating Deltek with ADP Workforce Now , organizations can take advantage of both systems ' capabilities to manage projects and people more effectively . | 1 | |
10/7/2022 | Partner | United States | ADP Shares Ways To Recognize National Disability Employment Awareness Month at Work - DiversityInc During National Disability Employment Awareness Month , Thrive partners with some of ADP 's DE&I professionals to host events that empower associates to drive inclusive , equitable change at work and in their communities . | 1 | |
10/7/2022 | Partner | United States | ADP on Supporting Women Entrepreneurs and Closing the Gender Gap - DiversityInc `` This partnership broadens our ability to help businesses owned by women and women of color with access to Luminary 's resources and community but also the support and tools ADP delivers to small businesses . | 1 | |
9/1/2022 | Partner | ||||
8/25/2022 | Partner |
Date | 2/2/2023 | 10/7/2022 | 10/7/2022 | 9/1/2022 | 8/25/2022 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | By integrating Deltek with ADP Workforce Now , organizations can take advantage of both systems ' capabilities to manage projects and people more effectively . | ADP Shares Ways To Recognize National Disability Employment Awareness Month at Work - DiversityInc During National Disability Employment Awareness Month , Thrive partners with some of ADP 's DE&I professionals to host events that empower associates to drive inclusive , equitable change at work and in their communities . | ADP on Supporting Women Entrepreneurs and Closing the Gender Gap - DiversityInc `` This partnership broadens our ability to help businesses owned by women and women of color with access to Luminary 's resources and community but also the support and tools ADP delivers to small businesses . | ||
Sources | 1 | 1 | 1 |
Automatic Data Processing Team
70 Team Members
Automatic Data Processing has 70 team members, including current Chief Executive Officer, Carlos A Rodriguez.
Name | Work History | Title | Status |
|---|---|---|---|
Carlos A Rodriguez | Chief Executive Officer | Current | |
Name | Carlos A Rodriguez | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
Compare Automatic Data Processing to Competitors
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Netchex operates as a web-based human capital management (HCM) software. The software offers single sign-on, integrated solutions for the complete employee lifecycle. It also features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools. It serves various industries including banking, hotels, restaurants, retail, and manufacturing. Netchex was founded in 2003 and is based in Covington, Louisiana.
Bamboo HR is a SaaS provider of human resources technology products for small companies.
Payday offers human resource (HR) and payroll solutions. The company offers services such as recruiting, onboarding, performance management, employee self-service, reporting, and more. It also tracks attendance and provides employee benefits solutions. It was founded in 1985 and is based in Virginia Beach, Virginia.
Gusto is an online platform that consolidates a company's payroll system, benefits information, and HR in one place. Gusto was founded in 2011 and is based in San Francisco, California.
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