TriNet

TriNet was founded in 1988 by entrepreneur Martin Babinec in San Leandro, California. Babinec led TriNet through several acquisitions of smaller professional employer organizations, including Boston-based HR Logic Holdings, John Parry & Alexander and the Outsource Group of Walnut Creek, Calif.; E3 Group of Dallas; and Boston-based HR Logic Holdings. At the same time, the company went through its own rounds of equity financing, including an investment by U.K.-based staffing firm Select Holdings, LLC . In 2000, the company incorporated as TriNet Group. In 2004, Vedior sold its minority interest in TriNet to General Atlantic, a growth equity firm.In May 2008, Burton Goldfield joined the company as president and CEO. Babinec remained at the company as a director.In March 2014 TriNet launched its initial public offering on the New York Stock Exchange with ticker symbol TNET and became a public company.