ADP Named to Forbes’ List of World’s Most Innovative Companies for Second Consecutive Year
Human Capital Management Company Soars 19 Spots To Rank 68th on this Year’s List
ROSELAND, N.J. – September 20, 2012 – ADP ®, a leading provider of human capital management (HCM) services, today announced that it has been named to Forbes magazine’s 2012 list of the World’s Most Innovative Companies, a ranking of the top 100 companies that investors expect to be innovative today and in the future. This is the second straight year that ADP has been honored, moving up 19 spots to number 68 on this year’s list.
The rankings, which appear on Forbes.com and in the September 5 issue of Forbes magazine, are determined by the publication’s Innovation Premium, a formula based on a company’s income, anticipated growth and cash flow valuations, among other factors. The data for this year’s analysis was taken from HOLT ValueSearch, a corporate performance and valuation advisory service of Credit Suisse.
“Innovation is at the heart of ADP’s business offerings and culture,” said Carlos Rodriguez, President and Chief Executive Officer, ADP. “We are proud to be honored on Forbes’ list of the World’s Most Innovative Companies for a second year in a row. This distinction underscores our commitment to delivering innovation on behalf of our clients, and our dedication to providing organizations around the world with cutting-edge human capital management solutions.”
Automatic Data Processing, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.