Automatic Data Processing, better known as ADP, announced today that it has entered into an agreement to acquire Calgary’s DO2 Technologies Inc., a leading provider of electronic-invoicing solutions.
ADP, with nearly $9 billion in revenue and about 570,000 clients, is one of the world’s largest providers of business outsourcing solutions.
The technology acquired from DO2 simplifies the procure-to-pay function, from purchase order integration and transaction processing to discount management, price compliance, approvals workflow, and payment. DO2’s solution is delivered through a SaaS (software-as-a-service) model, enabling fast ramp-up and a lower cost of ownership.
Details of the acquisition are not known at this time.