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ADP history
ADP company history timeline
In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub.
In 1951, Taub's younger brother Joe joined the organization, specializing in administrative functions for the next 25 years.
In 1952, Frank Lauterman was appointed CEO and Chairman of Automatic Payrolls, Inc.
He succeeded in gaining several accounts for the company, and in 1952, took a pay cut to become the company’s first full time salesman.
In 1953 the third member of Automatic Payrolls' longtime guiding trio came aboard.
By the June 1957 fiscal year, operating revenues had grown to $150,000; profits for the entire year, however, were a mere $964.
1957: Automatic Payrolls switches from manual bookkeeping machines to an IBM computer.
In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers.
In 1957, the company encountered modern technology when they invested in an IBM tab machine.
In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers.
In 1959 the Taubs set up a separate company, Automatic Tabulating Services, to handle the general data processing business.
In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers.
In 1962 ADP opened an office on Wall Street to provide brokerage firms with payroll and basic accounting services.
The acquisition drive got under way in 1965 when ADP broadened its brokerage business with the addition of Brokerage Processing Center and shortly thereafter expanded its payroll service with Payrolls for Industry of Long Island.
Then, in 1967, Miami Beach-based Computer Services of Florida was purchased.
In 1968 a sharp increase in Wall Street trading volume buried the brokerage firms’ back offices in paperwork, and trading hours at the exchange had to be curtailed.
Also in 1970, the company's stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exchange.
In 1970, Lautenberg was noted as being the president of the company.
One of its most significant purchases during this period was of a main competitor in brokerage services, the RCA Systems Center, in 1971.
“Payroll Specialist” Investor’s Reader, July 26, 1972.
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Zippia gives an in-depth look into the details of ADP, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ADP. The employee data is based on information from people who have self-reported their past or current employments at ADP. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by ADP. The data presented on this page does not represent the view of ADP and its employees or that of Zippia.
ADP may also be known as or be related to ADP, ADP Tax Services, Inc., Adp, Automatic Data Processing, Automatic Data Processing Inc, Automatic Data Processing, Inc., adp dealer services and adp - automatic data processing.