TriNet Group helps clients focus on the bottom line. The General Atlantic-owned firm provides employer and human resources services to about 8,000 small and midsized growth companies (with 10 to 500 employees) throughout North America. Clients primarily come from the financial, technology, and non-profit industries. TriNet offers administrative and human resources services, handling talent acquisition, payroll, benefits, and related functions such as managing health care plans, evaluating work performance, and running corporate Web portals. It also runs a Web-based HR portal through technology from Oracle. Founded in 1988, in 2013 TriNet filed to go public.
The company filed to raise up to $250 million in its IPO. It plans to use the proceeds to pay down debt, increase financial flexibility, and create a public market for its stock.
Based in the San Francisco Bay area, TriNet has offices across the US and in Canada.
Sales and Marketing
TriNet sells its services through a direct sales force who work in specific industry verticals. The company also uses billboards, digital and print advertising, e-mail, direct mail and social media. Clients have included EDL Consulting, GlobalLogics, Illinois Children's Healthcare Foundation, Jackboro National Bank, Primera Biosystems, and VIMAC Ventures.
The company continues to expand its service and product portfolio through strategic acquisitions and new product launches. In particular, it is expanding into new growth markets.
In 2012, TriNet became the largest independent professional employer organization (PEO) expertise company in the US with the acquisition of Strategic Outsourcing, Inc. from Clarion Capital Partners, LLC. This acquisition enabled TriNet to provide small and medium-sized businesses nationwide with an industry-leading portfolio of professional employer organization products and services. The acquisition also builds on the 2012 purchase of AccordHR (which had a significant presence in the Northeast, Arizona, Florida, Nevada, and Oklahoma), and further extended TriNet's geographic and industry reach across the southeastern US
In the same year TriNet enhance its service offering as the leading provider of HR outsourcing solutions, with the purchase of Los Angeles-based ExpenseCloud, a provider of industry-leading, SaaS expense management solutions.
In 2010 the company opened new sales offices in San Diego, Raleigh, and Austin, areas that are home to a large population of start-up firms. The openings give TriNet a presence in approximately 30 cities across the US.
Prior to the IPO, investment firm General Atlantic owned a controlling interest in TriNet.