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MWS Spotlight:


Automatic Data Processing, Inc. (NasdaqGS: ADP) acquires Asparity Decision Solutions, Inc.


September 15, 2011

Financial Overview:


Transaction Value: N/A                Transaction Structure: N/A


MWS Highlights:

  • This deal gives ADP the ability to offer its clients advanced web-based decision support technology as well as behavioral data analytics, strengthening its Human Capital Management (HCM) and benefits administration offering.
  • ADP plans to integrate Asparity into its benefits portfolio and the acquisition will serve to augment ADP's recently introduced Strategic Advisory Services group that works with clients to provide them with business intelligence and analysis of the ever-changing benefits administration space.
  • The acquisition of Asparity follows ADP's August 2010 acquisition of Workscape, Inc., which provides performance management, compensation planning, and outsourced benefits administration services and represents ADP's continued expansion into the HCM arena.
  • The deal follows a larger trend in which payroll service bureaus like ADP and Paychex are growing their insurance resale business. This provides ADP with a stronger value added platform for selling insurance.

Please click here to read the press release. 


About Martin Wolf Securities


Based in the San Francisco Bay Area, Martin Wolf Securities is a leading middle market investment bank focused on companies with services-based business models. Since 1997, our team has completed over 100 transactions in 6 countries. We are a five-year member of the Merrill Lynch PS Referral Network, and effective June 25, 2010, have been selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. For more information, visit


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