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TriNet Group Inc (TNET) delivers human resources solutions to small and midsize businesses through its professional employer organization model. This page serves as the definitive source for TriNet-related news, providing investors and industry professionals with timely updates on corporate developments.
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TriNet (NYSE: TNET) announced that it will release its fourth quarter and full year financial results for 2021 on February 14, 2022, after the U.S. market closes. A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Participants are encouraged to pre-register for the call. TriNet provides tailored HR solutions for small and medium-sized businesses, addressing their human capital management needs.
TriNet (NYSE: TNET) announced the transition of its 401(k) Plan provider to Empower by the end of 2022. Empower manages over $1.1 trillion in retirement assets. This partnership aims to enhance retirement planning support for TriNet clients and their employees. Features of the new plan include expanded website capabilities, extended call center hours, and specialized support for various life events. TriNet focuses on empowering small and medium businesses with comprehensive HR solutions that simplify operations and foster growth.
TriNet, a provider of HR solutions for small and medium businesses, announced a donation to Hire Heroes USA, a nonprofit aiding veterans in civilian workforce transition. This initiative, part of TriNet's Corporate Social Responsibility program, aims to raise awareness about veterans' employment challenges. TriNet employees will volunteer to support Hire Heroes USA with resume and interview coaching. The partnership aligns with TriNet's core values and supports its commitment to serve clients and communities.
TriNet has announced a definitive agreement to acquire Zenefits, a cloud HR platform tailored for small and medium-sized businesses (SMBs). This strategic acquisition diversifies TriNet's offerings by incorporating an Administrative Services Organization (ASO), which is expected to enhance support for over 24,000 SMBs and 600,000 employees. The deal aligns with TriNet's goal of expanding its service capabilities amidst a growing entrepreneurial landscape. Zenefits will operate as a subsidiary and leverage TriNet's resources for future growth. Financial terms of the transaction were not disclosed.
TriNet (NYSE: TNET), a prominent provider of HR solutions for small and medium-sized businesses, announced that Kelly Tuminelli, Executive VP and CFO, will present at the Bank of America Securities Leveraged Finance Conference on November 30, 2021, at 12:45 PM PT (3:45 PM ET). A live webcast and replay will be available on the Investor Relations website. TriNet aims to alleviate HR complexities, providing tailored solutions in benefits, compliance, payroll, and more to empower SMBs.
TriNet (NYSE: TNET) announced that its President and CEO, Burton M. Goldfield, and Executive VP and CFO, Kelly Tuminelli, will participate in a fireside chat at the J.P. Morgan 2021 Ultimate Services Investor Conference on November 18, 2021, at 12:50 PM PT (3:50 PM ET). A live webcast and replay will be available on the TriNet Investor Relations website. TriNet offers comprehensive HR solutions for small and medium-size businesses, streamlining HR complexities to help them grow.
Plate IQ has secured $160 million in Series B funding led by FTV Capital to enhance its AP automation solutions. Under new CEO Barrett Boston, the company aims to expand its VendorPay network across diverse industries. Since March 2020, Plate IQ has onboarded over 8,000 customers and processed more than $2 billion in payments. The platform, noted for its significant impact on the restaurant sector, processes over 50,000 invoices daily, emphasizing its growth potential in the evolving digital payments landscape.
TriNet, a key provider of HR solutions for small and medium-sized businesses, released its first Environmental, Social and Governance (ESG) report on November 3, 2021. This report highlights TriNet's commitment to transparency and sustainability, outlining initiatives such as reducing paper checks by 51%, promoting diversity and inclusion, implementing a Return to Office program, and enhancing data security. The company aims to share ESG progress annually, reinforcing its dedication to responsible corporate governance and stakeholder engagement.
TriNet Group, a provider of HR solutions, reported third quarter 2021 results with total revenues increasing by 18% to $1.1 billion. Professional service revenues rose 24% to $156 million, while net income reached $77 million ($1.16 per diluted share), significantly up from $33 million ($0.48 per diluted share) year-over-year. Total worksite employees grew 10% to approximately 351,000. The company issued guidance for fourth quarter and full-year 2021, forecasting revenue growth of 12%-14% and 11%-12% respectively.
TriNet (NYSE: TNET) is set to announce its third quarter 2021 financial results on October 25, 2021, after market hours. The subsequent conference call will occur at 2:00 p.m. PT (5:00 p.m. ET), where the company will discuss these results.
Participants can pre-register for immediate access through a unique PIN or join via a live dial-in. Investors can access the live webcast on the Investor Relations page of the TriNet website, with a replay offered for approximately one year.
