About TriNet
TriNet is a company based in Dublin (United States) founded in 1988.. TriNet has raised $60 million across 2 funding rounds from investors including Saratoga Investment. The company has 3,600 employees as of December 31, 2024. TriNet has completed 7 acquisitions, including Clarus R+D, Expense Cloud and Gevity HR. TriNet offers products and services including Payroll Services, Benefits Administration, and HR Platform. TriNet operates in a competitive market with competitors including Gusto, ADP, Paycor, Paychex and Personio, among others.
- Headquarter Dublin, United States
- Employees 3600 as on 31 Dec, 2024
- Stage Public
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Trinet Group, Inc.
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Annual Revenue
$5.05 B1.18as on Dec 31, 2024
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Net Profit
$173 M-53.87as on Dec 31, 2024
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EBITDA
$418 M-36.86as on Dec 31, 2024
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Total Equity Funding
$60 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Private Equity Round
Jun 01, 2009
- Investors
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Employee Count
3600
as on Dec 31, 2024
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Investments & Acquisitions
Clarus R+D
& 6 more
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IPO & Listings of TriNet
TriNet is a publicly listed company on the NYSE with ticker symbol TNET in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of TriNet
TriNet offers a comprehensive portfolio of products and services, including Payroll Services, Benefits Administration, and HR Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Processes payroll and ensures tax compliance for businesses.
Manages health, retirement, and voluntary perks programs.
Offers tools for tracking, analytics, and performance management.
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Software Development Team
180 people
Sales and Marketing
114 people
Leadership Team
79 people
Human Resources and Administration
74 people
Product Management Team
61 people
Senior Team
51 people
Finance and Accounting
23 people
Associate Team
16 people
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Funding Insights of TriNet
TriNet has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $60 million completed in June 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $60.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2009 | Amount | Private Equity Round - TriNet | Valuation |
investors |
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| Aug, 2004 | Amount | Private Equity Round - TriNet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TriNet
TriNet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Saratoga Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TriNet
TriNet has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Clarus R+D, Expense Cloud and Gevity HR. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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R&D tax credit management software is developed for businesses.
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2016 | ||||
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HR solution for charter schools
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2013 | ||||
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Cloud-based HR and payroll management solutions are offered.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TriNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trinet Comparisons
Competitors of TriNet
TriNet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, ADP, Paycor, Paychex and Personio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium-sized businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trinet
Frequently Asked Questions about TriNet
When was TriNet founded?
TriNet was founded in 1988 and raised its 1st funding round 16 years after it was founded.
Where is TriNet located?
TriNet is headquartered in Dublin, United States.
Who is the current CEO of TriNet?
Burton M Goldfield is the current CEO of TriNet.
Is TriNet a funded company?
TriNet is a funded company, having raised a total of $60M across 2 funding rounds to date.
How many employees does TriNet have?
As of Dec 31, 2024, the latest employee count at TriNet is 3,600.
What is the annual revenue of TriNet?
Annual revenue of TriNet is $5.05B as on Dec 31, 2024.
What does TriNet do?
TriNet was founded in 1988 and is headquartered in Dublin, United States. A cloud-based human resources management system is provided for small and medium-sized businesses across sectors including consulting, entertainment, health care, hotels and resorts, legal, life services, manufacturing, real estate, restaurants, and retail. Services encompass human resources solutions, employee benefits management, health benefits administration, human capital management, payroll processing, talent acquisition, and risk management.
What products or services does TriNet offer?
TriNet offers Payroll Services, Benefits Administration, and HR Platform.
Is TriNet publicly traded?
Yes, TriNet is publicly traded on NYSE under the ticker symbol TNET.
How many acquisitions has TriNet made?
TriNet has made 7 acquisitions, including Clarus R+D, Expense Cloud, and Gevity HR.
Who are TriNet's investors?
TriNet has 1 investor. Key investors include Saratoga Investment.
What is TriNet's ticker symbol?
The ticker symbol of TriNet is TNET on NYSE.
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