TriNet

Rank#4178

Market Cap2.99B

CountryUnited States

Summary

TriNet Group, Inc. provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It serves clients in various industries, including technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality. The company sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

History

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.

Mission

Power business success with extraordinary HR.

Vision

Improve humanity through business growth and innovation.

References

https://en.wikipedia.org/wiki/TriNet

https://in.investing.com/equities/trinet-grou-company-profile

https://finance.yahoo.com/quote/TNET/profile?p=TNET

https://www.comparably.com/companies/trinet/mission

https://www.crunchbase.com/organization/trinet

https://sec.report/CIK/0000937098

https://companiesmarketcap.com/