TriNet

Quality 0.50 · 0 views · Updated 2 months ago

American cloud-based professional employer organization

title: "TriNet" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["1988-establishments-in-california", "2014-initial-public-offerings", "american-companies-established-in-1988", "companies-based-in-alameda-county,-california", "dublin,-california", "companies-listed-on-the-new-york-stock-exchange", "human-resource-management-organizations", "payroll", "software-companies-based-in-the-san-francisco-bay-area", "software-companies-established-in-1988", "software-companies-of-the-united-states", "business-services-companies-of-the-united-states"] description: "American cloud-based professional employer organization" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/TriNet" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American cloud-based professional employer organization ::

::data[format=table title="Infobox company"]

FieldValue
nameTriNet Group, Inc.
logoTriNet Logo.png
typePublic
traded_as
key_peopleBurton Goldfield, President & CEO (2008–2024); Special Advisor (2024–)
Mike Simonds, CEO (2024–)
industryProfessional employer organization
revenue(2023)
operating_income(2023)
net_income(2023)
assets(2023)
num_employees3,622
num_employees_year2019
foundation1988, San Leandro, California, United States
location_cityDublin, California
location_countryUnited States
subsidTriNet Zenefits
website
::

| name = TriNet Group, Inc. | logo = TriNet Logo.png | type = Public | traded_as = | key_people = Burton Goldfield, President & CEO (2008–2024); Special Advisor (2024–) Mike Simonds, CEO (2024–) | industry = Professional employer organization | revenue = (2023) | operating_income = (2023) | net_income = (2023) | assets = (2023) | num_employees = 3,622 | num_employees_year = 2019 | foundation = 1988, San Leandro, California, United States | location_city = Dublin, California | location_country = United States | subsid = TriNet Zenefits | website =

TriNet Group, Inc. is a professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in Dublin, California. TriNet partners with organizations between 3 and 2,500 employees.

Founded in 1988, TriNet offered basic employee benefits, dental coverage, life and disability insurance and employment law guidance. Since then, TriNet has broadened its offerings to add payroll services, Fortune-500 benefits, 401(k) guidance, worker's compensation, liability insurance, and strategic human resources support and services. The company also provides online tools such as web-hosted management portals for manager and employee self-service.

TriNet has been accredited by the Employer Services Assurance Corporation since 1995.

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.

The company went through its own rounds of equity financing, including an investment by U.K.-based staffing firm Select Holdings, LLC (later renamed as Vedior). In 2000, the company was 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 (IPO) on the New York Stock Exchange with ticker symbol TNET and became a public company.

Acquisitions

TriNet acquired E3 Group, a Dallas-based professional employer organization, in 2003.

In 2006, TriNet purchased the Outsource Group, a human resources service provider.

TriNet acquired human resources outsourcing and consulting firm John Parry & Alexander in 2007.

The company acquired LMC Resources, a human resources advisor, in April 2008 and, in June 2009, completed its acquisition of Gevity (NASDAQ: GVHR), a human resources outsourcing company based in Bradenton, Florida.

In May 2012, TriNet completed its acquisition of ExpenseCloud. ExpenseCloud helps businesses manage expense reporting online and from mobile devices. The following month, the company announced in April 2012 that it had acquired AccordHR in Oklahoma City. A few months later, in October 2012, TriNet closed its acquisition of Strategic Outsourcing and became the largest, independent professional employer organization in the U.S.

In July 2013, the company acquired Ambrose Employer Group, a New York City-based professional employer organization.

In July 2020, TriNet acquired Little Bird HR. Little Bird HR is a professional employer organization based in New York City.

On February 15, 2022, Trinet closed its acquisition of Zenefits.

Recognition

In the 1990s, TriNet was a member of the Inc. 500 Hall of Fame for five consecutive listings on the magazine's ranking of fastest growing, privately held American companies (#12 in 1995, #79 in 1996, #166 in 1997, #319 in 1998 and #381 in 1999). In 2008, TriNet ranked #3,369 in the Inc. 5000, as well as #13 in the East Bay Business Times list of fastest growing, privately held companies. TriNet repeated the Inc. 5000 honor in 2009, with a #2185 listing, and in 2010, at #1601.

In 2011, TriNet was recognized as a fast-growth company by Inc. Magazine for the fourth year in a row.

In 2012 and 2013, Ernst & Young named TriNet CEO Burton Goldfield finalist for Entrepreneur of the Year Award.

TriNet has been accredited by the Employer Services Assurance Corporation since 1995. This certification validates the solid financial performance of professional employer organizations, and the assurance of their employer-compliant operations and services, continually monitoring them for adherence to important financial, ethical, and operational standards.

In May 2015, TriNet was recognized as one of the top 50 B2B vendors in the United States by their customers. In the same year, TriNet is named one of the Bay Area's Best and Brightest Companies to Work For® by the National Association for Business Resources.

In 2017, TriNet was named one of the 100 Fastest-Growing Companies by Fortune magazine and one of Selling Power magazine's 50 Best Companies to Sell For, for the fourth consecutive year.

References

References

  1. "TriNet Announces Retirement of Burton M. Goldfield and Appoints Mike Simonds President and CEO".
  2. "About TriNet".
  3. "Risk & Compliance".
  4. Skolnick, Adam. (2013-07-22). "HR: Big Savings for Small Business". Fiscal Times.
  5. Jonathan Marshall, "[http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/1996/06/11/BU36179.DTL The Ultimate in Outsourcing]," ''San Francisco Chronicle''.
  6. "Find a PEO".
  7. (6 July 2023). "Company Overview of HR Logic, Inc.".
  8. [http://denver.bizjournals.com/denver/stories/2008/04/14/daily44.html?surround=lfn California Firm buying LMC Resources]," ''Denver Business Journal''.
  9. "United States Securities and Exchange Commission".
  10. "TriNet History".
  11. David Goll, "[http://www.bizjournals.com/eastbay/stories/2008/05/19/story3.html?b=1211169600%5E1637165 Human resources outsourcer TriNet gets the second CEO in 20 years]," ''East Bay Business Times''.
  12. "Cloud-based payroll processor TriNet IPO priced at $16 per share". [[Reuters]].
  13. "TRINET GROUP INC (TNET) IPO".
  14. (18 September 2003). "TriNet buys E3 Group's trade assets".
  15. Lieber, Katy. (16 July 2006). "TriNet digs into deep pockets to pick up Outsource Group".
  16. (6 July 2023). "Company Overview of The Outsource Group, LLC".
  17. "TriNet Group Acquires John Parry & Alexander".
  18. (16 April 2008). "California firm buying LMC Resources".
  19. "Company Overview of LMC Resources, Inc.".
  20. [http://www.bizjournals.com/tampabay/stories/2009/03/02/daily47.html "TriNet Group of California to acquire Gevity HR", Tampa Bay Business Journal]
  21. (2012-05-11). "San Leandro's TriNet Expands Again".
  22. [http://pando.com/2012/05/08/trinet-completes-acquisition-of-expensecloud-in-pursuit-of-small-business-hr-domination Michael Carney, "TriNet completes Acquisition of ExpenseCloud in Pursuit of Small Business HR Domination" Pando.com]
  23. (April 26, 2012). "TriNet Announces Acquisition of Accord Human Resources".
  24. "TriNet to Acquire Strategic Outsourcing, Inc (SOI)".
  25. Brown, Steven E.F.. (30 October 2012). "After three acquisitions, TriNet will 'take the rest of the year off' says CEO".
  26. [http://www.prnewswire.com/news-releases/trinet-acquires-ambrose-214040431.html "TriNet Acquires Ambrose" Press Release]
  27. "TriNet Announces Acquisition of Accord Human Resources".
  28. TriNet. "TriNet Acquires Little Bird HR".
  29. "TriNet Completes Acquisition of Zenefits".
  30. "TriNet on Inc.".
  31. "[https://archive.today/20130126003222/http://www.inc.com/inc5000/2008/company-profile.html?id=200833690 Inc 5,000 company profile – TriNet]," Inc.com.
  32. "[http://www.bizjournals.com/eastbay/stories/2008/05/19/story3.html?b=1211169600^1637165 East Bay’s fastest-growing companies recognized]," ''East Bay Business Times''.
  33. [https://www.inc.com/profile/trinet "Inc. 5000 2009 list]", ''Inc.com''.
  34. (2013-05-23). "Ernst & Young Names TriNet CEO Burton Goldfield Finalist For Entrepreneur Of The Year Award In Northern California". PR Newswire.
  35. "Spotlight on TriNet".
  36. [https://www.vendop.com/best-vendor/2015/ VendOp Best B2B Vendors 2015]
  37. "National Association for Business Resources Names TriNet One of the Best and Brightest Companies to Work For in the U.S.". [[Yahoo]].
  38. "TriNet Group".
  39. "50 Best Companies to Sell for in 2017".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

1988-establishments-in-california2014-initial-public-offeringsamerican-companies-established-in-1988companies-based-in-alameda-county,-californiadublin,-californiacompanies-listed-on-the-new-york-stock-exchangehuman-resource-management-organizationspayrollsoftware-companies-based-in-the-san-francisco-bay-areasoftware-companies-established-in-1988software-companies-of-the-united-statesbusiness-services-companies-of-the-united-states