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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. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [3] The company established a subsidiary in the United Kingdom in 1965.
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In 1949, he founded Automatic Payrolls Inc. (API), a manual payroll processing service in Northern New Jersey. That company is now known as Automatic Data Processing (ADP) [3] and is the leading provider of computerized payroll and benefits management services to employers in the U.S. He retired from ADP in the mid-1980s.
Richison founded Paycom in 1998 and has remained on as its President and Chief Executive Officer. Paycom is believed to be one of the first companies to process payroll completely online and has been recognized by Fortune, Forbes and Inc. Magazine for its continued growth as one of the fastest-growing companies in the U.S. [4][5] On April 21 ...