Acquisition Strengthens ADP’s Benefits Solutions Portfolio and Enhances its Human Capital Management Leadership Position
ROSELAND, N.J. – September 14, 2011 – ADP ®, a leading provider of human resource outsourcing, payroll services, benefits administration and integrated computing solutions for vehicle dealers, today announced it has acquired Asparity Decision Solutions, a highly-respected, privately-held supplier of patented employee benefits decision support tools. Asparity’s service offerings engage employees as health care consumers while providing employers with analytics to help them design more effective benefit strategies. The terms of the transaction were not disclosed.
Asparity currently delivers Web-based decision support technology and advanced consumer behavioral data analytics to FORTUNE 1,000 companies and public-sector employers. In addition, Asparity provides decision support tools, branded as PlanSmartChoice, to all federal employees who participate in the Federal Employees Health Benefits (FEHB) program. In the 2011 benefit plan year, nearly 100,000 federal employees have used the decision support utility. The addition of Asparity underscores ADP’s long history and on-going commitment to providing robust, insightful benefits administration solutions and outsourcing services that help clients execute on their critical benefits strategies.
“The acquisition of Asparity enhances ADP’s overall leadership position in Human Capital Management by strengthening our benefits solutions portfolio and expertise,” said Tim Clifford, President, Benefits Services at ADP. “Together, Asparity and ADP will be able to better meet the needs of clients that are seeking ways to streamline the annual enrollment process, contain health care costs and offer their employees more personalized solutions to help them make smarter, more informed benefits choices.”
“ADP’s acquisition of Asparity is an all around win-win,” noted Linda Merritt, Research Manager, HRO at NelsonHall. “This is an excellent fit for ADP, which continues to expand its value proposition by enhancing its benefits and human capital management business process capabilities in a manner well suited to its strengths. Together, ADP and Asparity will be able to provide knowledgeable insights into managing the rising cost of health care and link its services to creating broader business value.”
As the industry leading provider of comprehensive payroll and benefits administration solutions, ADP recognizes the importance of helping employees understand and optimize benefit choices while maximizing their take-home pay. With the addition of Asparity, ADP’s benefits portfolio will gain proprietary decision support tools and a decade of expertise in analyzing and understanding employee health care preferences. This deep understanding of consumer buying needs will strengthen ADP’s ability to serve clients by providing insightful expertise and visionary solutions.
“As part of the ADP family, Asparity will gain access to the vast resources and infrastructure needed to significantly expand our reach,” said Colleen Murphy, President and CEO of Asparity. “As the health care system becomes increasingly complex, we will be better positioned to help our clients address the important challenge of engaging their employees to make more informed, affordable health care decisions.”