ADP has announced the acquisition of Softcom (Ireland) Limited. Softcom (Ireland) is a small business that delivered payroll outsourcing services to the Irish Republic and further afield. On LinkedIn it currently has 22 employees. The terms of the acquisition were not disclosed.
Don McGuire, president of Employer Services International at ADP commented: “On the heels of the acquisition of Celergo and other key investments we’ve made to enhance ADP’s multi-country payroll capabilities in this rapidly evolving global market, the addition of Softcom further strengthens the support we give our clients. Softcom built its reputation, much like ADP, on the values of initiative, innovation and teamwork and we are thrilled to welcome the talented team to ADP.”
Established in 1996 Softcom (Ireland) has been an ADP Streamline for many years and will now form part of the ADP UK & Ireland Business under ADP Employer Services International (ESI).
Enterprise Times: What does this mean?
While this is a small acquisition it appears quite significant for ADP in Ireland. According to LinkedIn ADP only has nine employees in Ireland. It may also become its first formal office in the country as there is none listed on the worldwide locations site. This will give ADP significant resources in Eire to expand its business there. It is a good time to do so. According to Trading Economics the employment rate in Ireland is increasing, reaching 69.3 percent in Q1 2019 and is has steadily risen for the last four quarters.