ADP completes acquisition of Intuit's outsourced payroll business
ADP Employer Services (ES), a division of Automatic Data Processing (NYSE:ADP), a leader in outsourced payroll, HR and benefits administration solutions, today announced it has completed the acquisition of Intuit Inc.'s fully outsourced payroll business.
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With the close of the transaction, Intuit will begin transitioning up to 25,000 of its Premier customers and a portion of the company's Complete Payroll customers to ADP.
"This acquisition complements ADP's growth strategy and expands its presence in the small business space," said Alan Sheiness, President, ADP Small Business Services. "We are delighted to provide these new clients with our simple, cost-effective fully outsourced payroll solutions. These clients join the nearly 400,000 other small businesses that already demonstrate their trust in ADP every payday."