ADP Extends Global Reach of Payroll Outsourcing Capabilities Through Joint Venture in Japan.Business and Technology Editors ROSELAND, N.J.--(BUSINESS WIRE)--March 25, 2002 Joint Venture with Pasona, Leading Staffing Company in Japan, Enables 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. to Meet Multi-National Client Needs with Payroll Expertise in 26 Countries, Across Five Continents Automatic Data Processing Same as data processing. , Inc. (ADP(R)), the world's leading provider of integrated payroll, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and benefits administration services, today announced an important new step in the expansion of its global footprint with the establishment of a joint venture with Pasona, the leading staffing company in Japan. ADP will become a partner in Payroll Inc., a subsidiary of Pasona, one of the largest payroll outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million in Japan. The new venture, which was renamed "Pasona ADP Payroll Inc.", provides ADP with immediate access to the rapidly growing Japanese business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in market. "ADP is committed to providing our clients with solutions that address their payroll, human resources and related outsourcing needs on a global scale. In six years we have grown from a primarily North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. footprint to global coverage of 26 countries worldwide. As the second largest economy in the world, Japan represents a significant growth opportunity for ADP," said John Barfitt, President, ADP Employer Services International. "This new joint venture enables ADP to deliver World Class Service to our global clients conducting business in Japan. It also strengthens our coverage of the Asia/Pacific market as ADP already delivers outsourced payroll services in 12 countries in the region," said Franck Neron-Bancel, Division Vice President, ADP Global Sales & Marketing. ABOUT ADP GLOBAL SERVICES ADP Global Services provides payroll, human resources and related outsourcing solutions to multi-national clients in 26 countries on five continents. ADP Global Services touches more than 30 million employees across North America, South America, Europe, Asia and Australia each payday through outsourced payroll processing services. ABOUT ADP Automatic Data Processing, Inc. (NYSE NYSE See: New York Stock Exchange : ADP), is one of the largest independent computing services firms in the world, with more than $7 billion in revenue and 500,000 clients. ADP Employer Services (ES) is a leading provider of integrated business administrative solutions that help its approximately 455,000 clients efficiently manage their internal processes, allowing them to focus on core competencies. ADP ES' offerings include both traditional and Internet-based outsourcing products and services, giving clients the ability to select from ADP's comprehensive range of World Class Services solutions. Services include: payroll, tax regulatory management, HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist , benefits administration, time and labor management, retirement plan services, online recruiting, PEO services and pre-employment screening. In addition, ADP provides securities transaction processing and investor communications services to the brokerage and financial communities; industry-specific computing and consulting services to auto and truck dealers; and computerized, automated auto-repair estimating and auto parts availability services to the auto-repair industry. For more information about ADP Employer Services, or to contact a local ADP sales office, reach us at 1-800-225-5237, or visit the company's Web site at www.adp.com. ABOUT PASONA Established in 1989 (originally founded in 1976), Pasona Inc. provides leading temporary staffing and contract-based operations, placement and recruiting services, and outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. and outsourcing services among others. The company with approximately $830 million U.S. dollars consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight (fiscal year ended May 31, 2001) has nearly 2,000 employees and is headquartered in Tokyo, Japan. The company has been listed on Nasdaq Japan since December 2001. |
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