ROSELAND, N.J., Dec. 17, 2013 /PRNewswire/ -- Several Seattle entrepreneurs will receive free human resource management, payroll, compliance, and benefits administration services from ADP® as part of its sponsorship of an angel investment competition hosted by the Seattle Angel Conference IV.
Booktrope, which is re-inventing book development, production and marketing using web based tools, won the overall competition and, in addition to receiving a $205,000 angel award investment from the Seattle Angel Conference IV LLC, will receive one year of free comprehensive human resource management support services from ADP Resource. The five other finalists will receive three free months of HR support services.
The Seattle Angel Conference Investment Competition is an investor-led event dedicated to training the next generation of angel investors and stimulating economic and job growth by funding startups. Finalists for this year's investment competition were selected from more than 40 companies based in Washington. The selection process was determined by 37 active angel investors who selected the winning company.
"Entrepreneurs play an essential role in growing our local and national economy," said Larry Feinstein, general manager of ADP Resource. "The Seattle Angel Conference could make a notable contribution to this growth, so we're proud to participate and give startups the resources they need to grow their company and drive business results."
ADP Resource, an administrative services offering (ASO), entered the Seattle market earlier this year and has been helping regional small and midsized businesses reduce the administrative burdens of HR management and manage regulatory complexities, such as those presented by the Affordable Care Act. Businesses using these services have more time to focus on growth and client service, rather than on the administrative tasks associated with HR administration.
About Seattle Angel Conference
Seattle Angel Conference is a recurring Seattle Angel-driven event where new and experienced investors work together to create an LLC, engage in due diligence of the applying startup companies, and ultimately pool funds to invest in one of the presenting finalists. The Seattle Angel Conference is open to any member of the community interested in learning more about both starting and investing in a new business and to hear the investment pitches from the finalists. To learn more, visit: www.seattleangelconference.com.
With more than $11 billion in revenues and more than 60 years of experience, ADP® (ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP, visit the company's Web site at www.adp.com.
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