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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
yabudra@martinwolf.com  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 www.martinwolf.com.

   

September 30, 2011

SPS, a leading Unified Communications Provider, announced that Court Square Partners has made an investment in the company. Martin Wolf advised SPS in this transaction. SPS is a premier unified communication services integrator, ranked 131 on the 2011 VAR 500 list with 2010 sales of $143 million. Court Square is a $4B+ New York-based PE Group, with more than 150 lifetime investments.  

Please click here to view the announcement. 

      

September 20, 2011  

Accel-KKR, a technology-focused private equity investment firm, announced that it had taken a majority stake in Infinisource. Infinisource is a leading benefits administration technology and services company. Martin Wolf advised the seller in this transaction.  

Please click here to read more.  

 

March 11, 2011

SS&C Technologies (NASDAQ: SSNC) announced that it had acquired Glastonbury, Connecticut-based BenefitsXML. BenefitsXML is a leading provider of enterprise software and SAAS solutions for employee benefit service providers. Martin Wolf advised the seller in this transaction.  

Please click here to read more.



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