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Download pay stub trinet hr passport7/3/2023 2008: TriNet acquired LMC Resources, a professional employer organization focused on emerging markets.2007: TriNet acquired human resources outsourcing and consulting firm John Parry & Alexander.2006: Trinet completed the acquisition of Outsource Group, a human resources service provider.2003: TriNet acquired two professional employer organizations, including the west coast assets of ALTRES and the E3 Group.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. Babinec remained at the company as a director. In May 2008, Burton Goldfield joined the company as president and CEO. In 2004, Vedior sold its minority interest in TriNet to General Atlantic, a growth equity firm. In 2000, the company incorporated as TriNet Group. At the same time, 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). E3 Group of Dallas and Boston-based HR Logic Holdings. 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. TriNet was founded in 1988 by entrepreneur Martin Babinec in San Leandro, California. The company also provides online tools such as web-hosted management portals for a manager and employee self-service. 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. įounded in 1988, TriNet initially offered basic employee benefits, dental coverage, life and disability insurance and employment law guidance. TriNet partners with organizations between 3 and 2,500 employees. TriNet is headquartered in Dublin, California. 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. is an American cloud-based professional employer organization for small and medium-sized businesses.
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