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ADP Expands Latin American Presence and Capabilities Through Strategic Acquisition of Payroll S.A.
SANTIAGO, Chile. – June 4, 2013 – ADP®, a leading provider of global human capital management (HCM) solutions, today announced that it has acquired Payroll S.A., a provider of human resource outsourcing, payroll and employee benefits services across Chile, Argentina and Peru.
Headquartered in Santiago, Chile, Payroll S.A. maintains offices in Buenos Aires and Cordoba in Argentina and Lima, Peru. Payroll’s solutions and technologies include core payroll, HR, performance management, recruiting, scheduling, absence management, time and labor management, and allow for mobile self-service access. Their solutions are offered through a spectrum of delivery methods, including full outsourcing, software-as-a-service and on-site deployment. Payroll S.A. currently has more than 1,300 clients and employs over 450 associates.
(left to right) Mark Benjamin, Division President, ADP; Cesar Marinho, Senior Vice President and General Manager for Latin America, ADP; and Rodrigo Castro Melfi, Founder, Payroll S.A. are pictured at Payroll S.A.'s headquarters in Santiago, Chile. On June 4, 2013, ADP, a leading provider of global human capital management services, announced its acquisition of Payroll S.A., a provider of human resource outsourcing, payroll and employee benefits services in Latin America. (Photo Credit: WG Fotos)
ADP already serves local clients in Brazil with its in-country solutions and multi-national clients across Latin America through its ADP Globalview® and ADP Streamline® multi-national offerings.
Rodrigo Castro Melfi, Payroll S.A.’s founder, commented, “ADP and Payroll S.A. have come to know each other well since forming our partnership around the ADP Streamline® offering. I am convinced that by formally combining forces, Payroll S.A. will benefit from the scale, resources and product innovation of this leading provider of global HCM solutions. This marks the beginning of an exciting new chapter for Payroll S.A., its clients and associates.”
“Latin America is an exciting high-growth market for HR solutions,” said Gary Bragar, HR Outsourcing Research Director at NelsonHall. “This market represents a multi-billion dollar opportunity, and we see strong momentum in the region with annual growth rates in the high single digits. ADP is a global pioneer in HR and Payroll Outsourcing with operations around the globe, and their acquisition of Payroll S.A. is a strategic move that puts them in a position of strength in Latin America.”
The terms of the transaction were not disclosed.
About Payroll S.A.
With nearly 20 years of industry expertise and operations across Chile, Peru and Argentina, Payroll S.A. provides a broad array of payroll and HR outsourcing solutions to clients of all sizes, including domestic and multi-national organizations: http://www.payroll.cl/.
At ADP we take pride in delivering world class service to more than 7,000 clients across Australia and New Zealand, spending more than 35 years building our reputation in the payroll and HR industry. Our clients range from the region's largest corporations through to thousands of successful small and medium sized businesses. Our flexible solutions are reliable, secure and simple to operate, and ensure a cost-effective and efficient process for the payroll and HR needs of organisations.
Globally, the ADP group is one of the world's largest providers of business outsourcing, with over $11 billion in revenues and more than 620,000 clients, and offers a wide range of HR, payroll and timesheet attendance solutions.
For more information about ADP or to contact a local ADP sales office, reach us at 1800 000 729.
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