US based Automatic Data Processing (ADP) has acquired the Netherland-based Randstad Holding's Indian payroll business to access the high-growth human resources business process outsourcing markets. ADP’s acquisition of Randstad Holding Indian payroll business is aligned with its broader strategy to expand its global footprint in human resources business process outsourcing (HR BPO) across large and developing markets. The acquisition will give ADP a direct presence in the large and developing Indian market for HR BPO. This acquisition also enhances their ability to meet the needs of large multinational clients with operations in India through increased focus and investment. Rahul Goyal, president of Ma Foi Consulting Solutions, will continue to manage the business for ADP.
Source: The Economic Times