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October 12, 2011
MW Tracker Spotlight

Automatic Data Processing, Inc. (NasdaqGS: ADP) acquires The RightThing  



Financial Overview:


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


 MW Highlights: 

  • This deal not only broadens ADP's-leading HR Business Process Outsourcing (HR BPO)-market capabilities, it also complements its existing applicant tracking and talent management solutions. This acquisition enables ADP to build an even more robust end-to-end talent to help clients establish a highly-effective process to manage their workforce.


  • The acquisition of The RightThing follows ADP's September 2011 acquisition of Asparity Decision Solution, March 2011 acquisition of Advancedmd, and August 2010 acquisition of Workscape, Inc. ADP is continuing its expansion through the HCM space. The deal changes the rules of competition of Price and Service by adding a broad functional offering (The RightThing addresses SME and mid-market as well).


  • Martin Wolf identified the same consolidation trend six months ago. Companies like ADP are acquiring tech-enabled services and moving into spaces like insurance, RPO (recruiting process outsourcing), benefit administration, and other broader functionality set to the marketplace.  We see this trend continuing for other HR software, insurance broker, and similar HRO firms


  • Also, The RightThing is an exit for Baird - Kayne Anderson. As private equity firms are leaving their current investments, they have additional dry powder to take on new investments. We project there to be more investors in this space.

Press Release:

Please click here to read the press release.

Martin Wolf  was not a financial advisor in this transaction. To learn more about this transaction or our firm, contact Yousif Abudra at  or (925) 215-2760.   

About Martin Wolf  


Based in Silicon Valley, Martin Wolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 100 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were 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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Please click here to view the announcement. 


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