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ADP to Focus on Its Core Human Capital Management Business

Thursday, April 10, 2014   (0 Comments)
Posted by: Kim Bartkus
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ADP Announces Plan for Spin-Off of Dealer Services Business

Separation Allows ADP to Focus on Its Core Human Capital Management Business Independent Dealer Services Business Will be Global Leader in Its Industry

ADP, a leading global provider of Human Capital Management (HCM) solutions, announced that the company's Board of Directors has approved a plan to separate the Dealer Services business into an independent publicly traded company.

"Consistent with our strategy to grow our position as a global provider of HCM solutions, we have concluded that the separation of Dealer Services will allow both companies to focus on their respective industries," said Carlos Rodriguez, president and chief executive officer, ADP.

ADP News Release