Cloud-Based Products To Drive ADP's Growth Post Dealer Services Spin Off

ADP recently announced that it intends to increase focus on its cloud-based and Affordable Care Act oriented products in order to drive growth in revenues once the Dealer Services segment is spun off. This is the first step ADP has taken in order to demonstrate enhanced focus on its Human Capital Management business. It corroborates ADP's reasoning behind the Dealer Services spin off, that it would allow the company to increase focus on its payroll and human resource business.