After getting his Accounting degree from the University of Massachusetts in Amherst, George Raymond discusses going to work in the Accounting department at Sealtest Dairy. Wanting to become a CPA, he then joined an accounting firm, doing management services consulting, which involved designing and helping to install accounting systems for the firm’s clients. Next he and Arthur Kramer started Computer Services, Inc. to perform the service bureau operations needed for small businesses. That business was then sold to become part of the Management Data Corporation. George tells about how he founded Automatic Business Centers a few years later to do payroll processing for small to medium businesses. Later, he sold ABC to INA/Cigna, an insurance company and then bought it back a couple of years later with financing from General Atlantic, a private venture capital company. He then discusses growing the company and finally selling it to ADP and leaving the company. He talks extensively about his experiences in ADAPSO, the software and services industry trade association, with focus on his chairmanship and on the ADAPSO round table in which he participated. He concludes by describing the 30 board memberships which he has had in non-profit and profit companies and his present cutting back down to just three boards.
Raymond, George; Association of Data Processing Service Organizations (ADAPSO); ADAPSO Roundtables; Adler, Faunce and Leonard; Automatic Data Processing (ADP); Analytical Graphics, Inc.; Automatic Business Centers; BMC Software, Inc; Cigna; Computer Services, Inc.; General Atlantic; Heartland Payment Systems; Hodgson, David; Insurance Company of North America (INA); Johnson, Vic; Kramer, Arthur; Kranzler, Arthur; Management Data Corporation; Sealtest Foods; Service Bureau Corporation (SBC); Zitin, Gil