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ADP Makes Equity Investment in AtWork Technologies.


Business Editors

ATLANTA--(BUSINESS WIRE)--Jan. 10, 2001

Equity Partnership Provides Additional

Backing to Distribution Partnership

AtWork Technologies Inc., a leading provider of Internet-based human resource management applications for mid-sized companies, today announced that Automatic Data Processing Same as data processing. , Inc. (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.
)(R) has made an equity investment in AtWork Technologies.

In addition to the recently announced sales distribution agreement, ADP will have a minority investment in AtWork.

"We are extremely excited that the world's largest provider of employer services has become a strategic equity partner in AtWork," said Don Taylor There are several people of note by the name Don Taylor or Donald Taylor known for achievements in various fields. Among them:
  • Don Taylor (actor) (1920-1998) http://www.findagrave.com/cgi-bin/fg.
, founder, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and president of AtWork Technologies. "To date, the core of our efforts has been on building world-class HR and benefits solutions that address the special needs of mid-market organizations. The additional funding provided by ADP will enable us to increase our investments in product development and customer support to extend the company's leadership position."

ADP is the world's largest provider of payroll services and Human Resource Information Systems (HRIS HRIS Human Resource Information System
HRIS High-Resolution Imaging Spectrometer
HRIS Highway Research Information Service
HRIS High Resolution Infrared Sounder
), offering a comprehensive range of benefits, payroll and business tax deposit and reporting, time and attendance, 401(k) record keeping and unemployment compensation management services to more than 500,000 employers worldwide.

"Our investment in AtWork Technologies signifies a tremendous alignment in our respective visions and strategies, as well as a strong belief in their technology, management team, and ability to execute," said Russ Fradin Russ Fradin is an online advertising industry veteran. He is currently the CEO of Adify, an Online Advertising Company.[1]

Fradin along with two other co-founders started Flycast in 1996, which was a phenomenal success.
, President of ADP Employer Services. "The combination of our co-branded benefits solution (ADP Benefits Expert, powered by AtWork), distribution agreement, and equity investment positions ADP to emerge as the industry's leading Internet-based benefits administration solution."

About AtWork Technologies Inc.

AtWork Technologies Inc. (www.atwork.com) is a leading provider of HR and benefits software solutions delivered to mid-sized enterprises over the Internet. The Atlanta-based company's flagship Internet Business Service, AtWork.NET(TM), is a highly configurable, rapidly deployed, and self-maintained HR management solution including benefits administration, organizational management, payroll services, time management, recruiting and education. With AtWork, employers receive an e-HR solution custom-tailored for their organization in no time, and with minimal IT involvement. AtWork Technologies' investors include Automatic Data Processing (ADP), EGL EGL Enterprise Generation Language (IBM)
EGL European Gemological Laboratory
EGL Elegant Gothic Lolita (Japanese fashion)
EGL Energy Grade Line
EGL Eagle Global Logistics, Inc.
 Holdings and ITC Holding Company ITC Holding Company, LLC is a holding company based in West Point, Georgia.

The company began as The West Point Telephone and Electric Company, founded in 1896 by James Smith Lanier. Around 1950, the company changed its name to Interstate Telephone Company.
.

AtWork, AtWork Technologies and AtWork.NET are trademarks of AtWork Technologies, Inc. ADP is a registered trademark of Automatic Data Processing, Inc. and may be registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their respective owners.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 10, 2001
Words:395
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