With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. Additionally, other members of the Zenefits team remain in similar roles at the company. We want to acknowledge and thank Zenefits' employees, customers and partners for all their hard work and dedication," said Scott Eisenberg, Head of Credit and Structured Solutions at Francisco Partners. Zenefits is a cloud-native SaaS provider of human capital management, payroll, and benefits administration. Im 1/64th black, how much do I get? The acquisition expands TriNets technology product offering and furthers its position as the leading human resources services provider for SMBs with or without the PEO structure. View contact profiles from Zenefits Popular Searches Zenefits Zenefits Inc Zenefits' Zenefits, once worth $4.5 billion, has completed a financing deal with private-equity firm Francisco Partners that gives the investment firm control of the company, Forbes has learned. 2023 Francisco Partners. TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology capabilities. First, PayPal Zenefits is a leading SaaS-based human capital management (HCM) solution purpose-built for small and mid-size businesses to enable people operations. Its HR, Benefits, Payroll, Wellness, Engagement, Performance and People Analytics apps are intuitive and interoperable. Get it done quickly and accurately, every time. All Rights Reserved. TriNet, incredible starts here. Next . TriNet is also expected to become a preferred supplier of PEO and HRIS services to Francisco Partners portfolio companies across the country after closing. Headquarter: San Francisco, California Zenefits is an HR company founded by serial entrepreneur Parker Conrad. Sept. 20, 2014. We look forward to supporting TriNet as it builds on this success and launches the TriNet Zenefits platform as a key part of the Companys future SMB growth strategy.. On day one, theyre ready to go. Current and former employees report that Francisco Partners provides the following benefits. For more information, visit TriNet.comor follow us on Twitter. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. With afew clicks, youre done. Todays acquisition of Zenefits marks a historic day for TriNet and I could not be more excited to diversify our SMB product offering, said Burton M. Goldfield, TriNet President and CEO. Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Acquisition Will Expand TriNet's SMB Product Offering. from 8 AM - 9 PM ET. About TriNet In San Francisco, a once high-flying software start-up is poised to benefit from Biden's revival. Please submit again. Soyez un joueur d'quipe et travaillez en collaboration avec les membres de l'quipe de la startup. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, TriNet to Participate at the Bank of America 2023 Information & Business Services Conference, TriNet PeopleForceX Event for San Francisco Small And Medium-Size Business Leaders Tuesday, February 28. Managing your people is complex. 1. "Today's acquisition of Zenefits marks a historic day for TriNet and I could not be more excited to diversify our SMB product offering," said Burton M. Goldfield, TriNet President and CEO. 1 of 5 Zenefits benefits coordinator Kaila Karr, above, books time for a demonstration at the company's San Francisco offices. TriNet, incredible starts here. Headquarters address: 50 Beale St., San Francisco 94105, California, United States Year established: 2013 Number of employees: 500+ employees as of 2019 filings for you. "We look forward to supporting TriNet as it builds on this success and launches the TriNet Zenefits platform as a key part of the Company's future SMB growth strategy.". TriNet's suite of products also includesservices and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance. The agency, founded in 2012, has more than 300 employees and provides content marketing, email marketing, PPC, SEO, social media marketing, web design, and PR services. Inbound and Outbound Prospecting in the SMB space (under 200 employees . Something went wrong. Featured Media. For more information on Francisco Partners, please visit www.franciscopartners.com. Through the acquisition of Zenefits, TriNet diversifies its product offering to include an Administrative Services Organization (ASO), enabling TriNet to dynamically service SMBs throughout their lifecycle. Dublin, CA December 23, 2021 TriNet, a leading provider of human resources solutions for small and medium-size businesses (SMBs), today announced it has entered into a definitive agreement to acquire Zenefits, a People Operations platform purpose-built for SMBs, from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Creditcoin Has Secured an Investment From DWF Labs. Our payroll is packed with advanced features your company needs as it grows larger and more complex. Zenefits helps thousands of small and mid-size companies drive performance by streamlining people operations: the workforce, compliance and performance issues that are the difference between success and failure. Website: www.zenefits.com Headquarters: San Francisco, CA Size: 201 to 500 Employees Founded: 2013 Type: Company - Private Industry: Enterprise Software & Network Solutions Revenue: $25 to $100 million (USD) Competitors: ADP, Paychex, Namely Create Comparison PYPL Butdont worry, we didnt stop there. ", "Over the past few years, we've successfully transformed our business to a leading SaaS 'people platform,' and we are incredibly proud of what we have achieved and the position we are now in to meet the needs of small and mid-sized businesses," said Jay Fulcher, CEO, Zenefits. The addition of Zenefits furthers our mission to power the success of SMBs by supporting their growth and enabling their people. Zenefits has partnered with 17 companies to provide those apps including Salesforce, Slack, Quickbooks, Expensify and eShares. Details of the stock and cash transaction were not disclosed. Years in Business: 10. Business Started: 2/1/2013. Francisco Partners 's most notable exits include GoodRx , SmartBear , and Corsair. America's RIGGED tax code. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. The reasons why you should worry about AstraZeneca vaccine For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Zenefits' People Operations Platform delivers the most comprehensive, easy to use, mobile HR experience on the market. Add company. The source also said that Francisco sees momentum in Zenefits transition from its original business model to a software-as-a-service one. Any insights would be helpful. Master the future of work with the definitive book on People Operations and how it will transform your business. Now Providing HR Solutions to Approximately 23,000 Small and Medium-Size Businesses and Their Workforces of Over 600,000 People. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. Sign up for a demo account and explore the platform yourself. Zenefits started growing. I am passionate about providing comprehensive solutions for SMBs and the acquisition of Zenefits will expand and complement the TriNet offeringbeyond a Professional Employer Organization or PEO, said TriNet President and CEO, Burton M. Goldfield. Welcome back! Then, in February 2017, he was succeeded by Jay Fulcher, Zenefits current CEO. Great benefits all around. To learn more, visit Zenefits.comand find SMB news, how-to's and resources atzenefits.com/workest. Zenefits is Your All-In-One Software Solution for Benefits + HR + Compliance + Payroll Management. things. It may not be complete. Experienced SaaS professional with 5 years' experience in client acquisition/retention operations | Learn more about Simy Bhagat's work experience, education, connections & more by visiting their . DUBLIN, Calif., Dec. 23, 2021 /PRNewswire/ --TriNet, a leading provider of human resources solutions for small and medium-size businesses (SMBs), today announced it has entered into a definitive agreement to acquire Zenefits, a People Operations platform purpose-built for SMBs, from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. CEO/Owners Get total visibility and control to support scaling up; Purchasing Managers Get 24/7 visibility and control over all vendor purchases; Employees No more waiting around for reimbursements; CFO/VP Finance Track every payment and get complete visibility with one tool; Accountants Close your books faster with advanced automations; IT Managers Get total security + seamless SaaS integrations Another close Zenefits competitor for those who are looking for a strong people-focused platform is BambooHR. Darwinbox Digital Solutions is a company that develops cloud-based human resource management software. From a mobile app that San Francisco-based startup Zenefits will pay $450,000 to settle federal claims that company leaders falsely told investors that employees were licensed to sell insurance. Get it done quickly and accurately, every time. All rights . By adding an enhanced HCM software product to TriNet's PEO offering, we will be in a position to create a unique HR solution not available in today's market which we intend will eventually operate within the same technology cloud environment. Founded in Boston in 2004, GreenLight Fund is a national nonprofit with a local focus that partners with communities to create opportunities for inclusive prosperity. Its not an effort. Their HR software helps small and midsize companies empower their modern workforce, manage change and stay compliant . A Benefits Contact is the user that Zenefits will display to workers as the point of contact for benefits/insurance related questions. Check your email for your access link. Streamline onboarding, benefits, payroll, PTO, and more with our simple, intuitive platform. The periodical insects, also known as Brood X, are back. Zenefits' People Operations Platform delivers the most comprehensive, easy to use, mobile HR experience on the market. San Francisco zenefits.com Joined December 2012. Combined with advisory services and tightly integrated partner apps, Zenefits enables better business agility and performance for emerging businesses. For press inquiries email [emailprotected]. "I am passionate about providing comprehensive solutions for SMBs and the acquisition of Zenefits will expand and complement the TriNet offeringbeyond a Professional Employer Organization or PEO," said TriNet President and CEO, Burton M. Goldfield. In connection with the closing of the acquisition, Francisco Partners is now a TriNet stockholder. BBB File Opened: 7/29/2013. means your employees will spend more time focused on their core functions, without administrative distraction. Likes. Want to talk to sales or schedule a demo? Coverage that'll make everyone happy. 80% of employees would recommend working at Francisco Partners to a friend and 88% have a positive outlook for the business. [3] [4] [2] The company was founded in 2013. There are few issues as dull. Visit Site. About us Careers Partners Press Inquiries. Through a centralized and highly scalable platform with a modern consumer-like user . The firm prefers to make growth and majority investments in technology-focused companies operating in the financial services, healthcare, software, internet, security, communications, edtech, and business services sectors.