ADP, a leading provider of human resource outsourcing, payroll services, tax and compliance services, benefits administration and accounts payable solutions, today announced that it has acquired the Indian payroll business of Randstad Holding, from its Indian subsidiary Ma Foi Randstad.
"This acquisition supports ADP's broader strategy to expand its global footprint in human resources business process outsourcing (HR BPO) across large and developing markets," ADP, a provider of human resource outsourcing, payroll, tax and compliance services, said in a statement Monday.
Ma Foi Consulting Solutions offers managed payroll services and social benefits administration to clients across India through a fully customized payroll engine. The company uses this platform to serve approximately 350 multinational and domestic clients.
"ADP's acquisition of Ma Foi Consulting Solutions gives us a direct presence in the large and developing Indian market for HR BPO. This acquisition also enhances our ability to meet the needs of our large multinational clients with operations in India," said Mark Benjamin, president, ADP Employer Services International.
Rahul Goyal, president of Ma Foi Consulting Solutions, will continue to manage the business for ADP.
"ADP has an excellent reputation and track record in the payroll and HR industry around the world. We look forward to strengthening our service offering to domestic and multinational companies operating in the Indian marketplace through increased focus and investment as a result of this strategic combination," the ADP release quoted Goyal as saying.
"This acquisition supports ADP's broader strategy to expand its global footprint in human resources business process outsourcing (HR BPO) across large and developing markets," ADP, a provider of human resource outsourcing, payroll, tax and compliance services, said in a statement Monday.
Ma Foi Consulting Solutions offers managed payroll services and social benefits administration to clients across India through a fully customized payroll engine. The company uses this platform to serve approximately 350 multinational and domestic clients.
"ADP's acquisition of Ma Foi Consulting Solutions gives us a direct presence in the large and developing Indian market for HR BPO. This acquisition also enhances our ability to meet the needs of our large multinational clients with operations in India," said Mark Benjamin, president, ADP Employer Services International.
Rahul Goyal, president of Ma Foi Consulting Solutions, will continue to manage the business for ADP.
"ADP has an excellent reputation and track record in the payroll and HR industry around the world. We look forward to strengthening our service offering to domestic and multinational companies operating in the Indian marketplace through increased focus and investment as a result of this strategic combination," the ADP release quoted Goyal as saying.
