Claim: Michael McCafferty was the President of EDP, which was meant to be a competitor to ADP, an American provider of human resources services.
Evidence: After a year employed as programmer and manager of the Data Processing department, he and the President of Technitrol decided to form a company in 1968 called Eastern Data Processing (EDP) as a subsidiary of Technitrol when McCafferty was only 26. It was intended to compete with a similar business called "Automatic Data Processing". McCafferty was the company's President, and he had a 20% share in the company. The goal of this company was to provide computerized payroll services to businesses.