Wilco International appoints new Director to the Board

Wilco International, a wholly owned subsidiary of ADP Inc (NYSE: ADP), announced the appointment of Shakti Sagar, Managing Director of Wilco India to the Board of Directors of Wilco International.

Sagar has been Managing Director of Wilco India since Wilco acquired its India operation in Hyderabad from investment bank DE Shaw in 1999. Sagar has over 20 years' experience in the IT industry, including periods in product management, sales, systems management and senior management roles. Before the acquisition by Wilco, Sagar was one of four senior managers who left Intergraph Consulting in Hyderabad in 1996 to set up DE Shaw's offshore development operation in Hyderabad.

Since the acquisition from DE Shaw, Sagar has overseen a rapid period of growth in Wilco's Hyderabad based development operation, with headcount increasing from approximately 100 in 1999 to over 300 today.

This growth has been in response to the developing role of the Hyderabad office within Wilco's international operations. Teams in Hyderabad have contributed a large percentage of the resources involved in recent product developments, as well as for customer specific developments, particularly for

Wilco International appoints new Director to the Board
the Asia Pacific markets. In addition, Wilco's Securities Data Management Service, based in Hyderabad, offers outsourced data management and cleansing services.

Speaking about his promotion to Wilco's Board, Sagar said: "It is a great honour to be asked to join the Wilco Board, and a source of considerable personal pride. Moreover it is a reflection of the importance to Wilco of the work carried out by the Hyderabad office. Wilco's Data Management Service is an excellent example of the type of service that the more forward thinking companies can offer to meet the need for efficient, cost effective securities operations by harnessing the highly qualified technical and operations workforce available in India."

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