<div>
  <ul>
    <li>
      <p>
        Zenefits, a platform for payroll, benefits, and employee management owned by global investment firm Francisco Partners, is expected to be acquired by TriNet, an HR solution provider for small and medium enterprises (SMEs,) in a share and cash transaction for an undisclosed amount.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        As per the agreement, Zenefits will become a fully owned subsidiary of TriNet, and TriNet will also become a preferred provider of PEO and HRIS services for Francisco Partners&rsquo; portfolio companies after the transaction closes in the coming months.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Acquiring&nbsp; Zenefits will add an Administrative Service Organization (ASO) offering to TriNet&rsquo;s current product portfolio to serve its ecosystem of more than 24,000 SMEs and over 600,000 employees.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Founded in 1988, TriNet is a PEO that provides SMEs customized HR solutions including benefit options, compliance, payroll, and risk mitigation services.
      </p>
    </li>
  </ul>
  <p>
  </p>
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<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/trinet-announces-definitive-agreement-to-acquire-zenefits-301450539.html">
      Press release
    </a>
  </p>
</div>


All Updates

Zenefits to be acquired by SME HR solution provider TriNet