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TriNet Group, Inc.
Traded as NYSETNET
Industry Professional Employer Organization
Founded San Leandro, California, U.S. (1988)
Headquarters San Leandro, California, U.S.
Key people
Burton Goldfield, President & CEO
Revenue IncreaseUS$ 3.3 billion (2017)
IncreaseUS$ 178 million (2017)
Number of employees
3,177 (2017)
TriNet Corporate Logo

TriNet (TriNet Group, Inc.) is a cloud-based professional employer organization (PEO) for small and medium-sized businesses. 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.[1] TriNet is headquartered in San Leandro, California. TriNet partners with organizations between 1 and 2,500 employees.[2]

Founded in 1988, TriNet initially offered basic employee benefits, dental coverage, life and disability insurance and employment law guidance.[3] Since then, TriNet has broadened its offerings to add payroll services, Fortune-500 benefits, 401(k) guidance, worker's compensation, liability insurance, and strategic HR support and services. The company also provides online tools such as web-hosted management portals for manager and employee self-service.[2]


TriNet was founded in 1988 by Martin Babinec. Babinec led TriNet through several acquisitions of smaller PEOs, including John Parry & Alexander and the Outsource Group of Walnut Creek, Calif.; E3 Group Inc. of Dallas, ALTRES (Alternative Resources for Business) of Honolulu, Hawaii; and Boston-based HR Logic Holdings, Inc.[4] 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). In 2004, Vedior sold its minority interest in TriNet to General Atlantic, a growth equity firm.[5]

In May 2008, Burton Goldfield joined the company as president and CEO. Babinec remained at the company as a director.[6]

In March 2014 TriNet launched its initial public offering (IPO) on the New York Stock Exchange with ticker symbol TNET.[citation needed]

On March 27, 2014, Burton Goldfield, TriNet CEO, discussed its IPO, competitors, and future with Mad Money host Jim Cramer.[7]

Acquisition history[edit]

  • June 1, 2009: TriNet completed its acquisition of Gevity (NASDAQ: GVHR), an HR outsourcing company based in Bradenton, Florida.[8]
  • May 9, 2012: TriNet completed its acquisition of ExpenseCloud. ExpenseCloud helps businesses manage expense reporting online and from mobile devices.[9]
  • April 26, 2012: TriNet announced its acquisition of AccordHR in Oklahoma City.[10]
  • October 25, 2012: TriNet closed its acquisition of SOI and became the largest, independent PEO in the U.S.
  • July 2, 2013: TriNet acquired Ambrose Employer Group. Ambrose is a New York City-based PEO.[11]

Recognition and media highlights[edit]

In the 1990s, TriNet was a member of the Inc. 500 Hall of Fame for five consecutive listings on the magazine’s ranking of fastest growing, privately held American companies (#12 in 1995, #79 in 1996, #166 in 1997, #319 in 1998 and #381 in 1999). In 2008, TriNet ranked #3,369 in the Inc. 5000,[12] as well as #13 in the East Bay Business Times list of fastest growing, privately held companies.[13] TriNet repeated the Inc. 5000 honor in 2009, with a #2185 listing,[14] and in 2010, at #1601.

In 2012 and 2013, Ernst & Young named TriNet CEO Burton Goldfield finalist for Entrepreneur of the Year Award.[15]

TriNet has been accredited by the Employer Services Assurance Corporation (ESAC) since 1995. ESAC certification validates the solid financial performance of PEOs, and the assurance of their employer-compliant operations and services, continually monitoring them for adherence to important financial, ethical, and operational standards.

In March 2012, CEO Burton Goldfield's article titled "Age Discrimination Case Highlights Exposure Fast-Growing Companies Face" was published in Forbes.[16]

In December 2014, CEO Burton Goldfield made a second appearance on Jim Cramer's Mad Money.[17]

In March 2015, Charles Passy, reporter MarketWatch interviewed TriNet CEO Burton Goldfield in the article "A Bigger Paycheck for TriNet".[18]

In May 2015, TriNet was recognized as one of the top 50 B2B vendors in the United States by their customers.[19]


  1. ^ Lay, Aaron (3 October 2017). "TriNet's Full-Service HR Solutions Help Financial Service Companies Streamline Operations, Maintain Compliance & Retain Top Talent". Retrieved 3 November 2017. 
  2. ^ a b Skolnick, Adam (2013-07-22). "HR: Big Savings for Small Business". Fiscal Times. Retrieved 15 May 2014. 
  3. ^ Jonathan Marshall, "The Ultimate in Outsourcing," San Francisco Chronicle.
  4. ^ California Firm buying LMC Resources," Denver Business Journal.
  5. ^ "TriNet History". TriNet website. Retrieved 4 November 2015. 
  6. ^ David Goll, "Human resources outsourcer TriNet gets second CEO in 20 years," East Bay Business Times.
  7. ^ Jim Cramer, TriNet a one-stop solution: CEO Burton Goldfield, CNBC
  8. ^ "TriNet Closes Acquisition of Gevity", Press Release
  9. ^ Michael Carney, "TriNet completes Acquisition of ExpenseCloud in Pursuit of Small Business HR Domination"
  10. ^
  11. ^ "TriNet Acquires Ambrose" Press Release
  12. ^ "Inc 5,000 company profile – TriNet,"
  13. ^ "East Bay’s fastest-growing companies recognized," East Bay Business Times.
  14. ^ "Inc. 5000 2009 list",
  15. ^ "Ernst & Young Names TriNet CEO Burton Goldfield Finalist For Entrepreneur Of The Year Award In Northern California". PR Newswire. 2013-05-23. Retrieved 15 May 2014. 
  16. ^ CEO Burton Goldfield's article titled "Age Discrimination Case Highlights Exposure Fast-Growing Companies Face", Forbes
  17. ^ CEO Burton Goldfield's second appearance on Jim Cramer's Mad Money
  18. ^ CEO Burton Goldfield's interview in MarketWatch
  19. ^ VendOp Best B2B Vendors 2015

External links[edit]