Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
History
In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. The idea came to him when Taub had visited a company where employees had not been paid on time because of one employee's illness.[4] Automatic Payrolls, Inc. started with one client and an initial investment of $6,000.[4] Frank Lautenberg joined the brothers in the company's infancy. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers.
In August 1961, the company changed its name to Automatic Data Processing, Inc. (ADP),[5] and began using punched card machines, check printing machines, and mainframe computers. ADP went public in September 1961