ADP®, a leading provider of human resource outsourcing, payroll services, tax and compliance services, benefits administration and accounts payable solutions, has announced that it has acquired the Indian payroll business of Randstad Holding nv, NYSE Euronext Amsterdam, from its Indian subsidiary Ma Foi Randstad. The terms of the transaction were not disclosed.

Ma Foi Consulting Solutions Ltd., the Indian company acquired by ADP from Ma Foi Randstad, offers managed payroll services and social benefits administration to clients across India through a fully customized payroll engine. The company uses this platform to serve approximately 350 brand-name multinational and domestic clients. As part of the transaction, ADP will take on a team of over 200 new associates.

Mark Benjamin, President, ADP Employer Services International, commented, "I am very pleased to take our longstanding partnership with Ma Foi to the ownership phase. ADP's acquisition of Ma Foi Consulting Solutions gives us a direct presence in the large and developing Indian market for HR BPO. This acquisition also enhances our ability to meet the needs of our large multinational clients with operations in India, whom we serve through our ADP Streamline and GlobalView® solutions."