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ADP Acquires Randstad’s Indian Payroll Business

Economic Times (India) (01/16/12)

Automatic Data Processing has acquired Randstad Holding’s Indian payroll business for an undisclosed sum to access the high-growth human resource business process outsourcing markets. Randstad’s Indian payroll business is handled by its subsidiary Ma Foi Consulting Solutions—which offers managed payroll services and social benefits administration to approximately 350 multinational and domestic clients—and has a team of around 200 associates.