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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. In 1970, Lautenberg was noted as being the president of the company. [ 4 ]
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Broadridge was founded in 1962 [5] as ADP Brokerage Services Group, [9] a business unit [6] of the American payroll processing company Automatic Data Processing (ADP). [5] Operating as ADP's shareholder communications division, [10]: 27 [11] it initially served one client by processing an average of 300 trades per night. [9]
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