ADP AGREES TO DIVEST AUTOINFO ASSETS.ROSELAND, NJ--(BUSINESS WIRE)--June 18, 1997 Automatic Data Processing Same as data processing. , Inc. announced today that it has reached a settlement with the staff of the Federal Trade Commission (FTC FTC See Federal Trade Commission (FTC). ) to divest certain assets of its parts services business. The assets to be divested support annual revenues of approximately $15 million, and were acquired in April 1995 from AutoInfo, Inc. of Fairlawn, New Jersey. The disposition will not have a material impact on ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. s financial results. The settlement was agreed to because it was not economically possible to justify an extended, expensive legal battle. The parts services business, a part of ADP s Claims Services Group, is a provider of data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services, inventory management systems and voice communications services to the U.S. and Canadian automotive salvage yard industry. The assets to be divested include the Checkmate checkmate end of game in chess: folk-etymology of Shah-mat, ‘the Shah is dead.’ [Br. Folklore: Espy, 217] See : End management system, Orion parts locating network, Compass Voice Line system, and the former AutoInfo Interchange. Not included are the Hollander line of products and services, including the Hollander Yard Management System, Hollander Interchange, Electronic Data Exchange Network (EDEN Eden, in the Bible Eden, in the Bible. 1 Son of Joah. 2 Priest. Perhaps this is the same as (1.) 3 See Eden, Garden of. 4 Unidentified trading center, possibly in Mesopotamia. ), and the Hollander Interchange manuals. ADP, with over $4 billion in revenue and more than 400,000 clients, is one of the largest independent computing services firms in the world. CONTACT: Arthur Schmidt & Associates, Inc. 212/953-5555 |
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