TriNet to Inaugurate State-of-the-Art Facility in Hyderabad, India

Rhea-AI Summary

TriNet (NYSE: TNET), a leading provider of HR solutions for small and medium-size businesses, is set to open a new office in Hyderabad, India. The ribbon-cutting ceremony will take place tomorrow, marking the grand opening of the facility located in the Commerzone building in HITEC City. The office will accommodate approximately 600 of TriNet's India-based workforce, with plans for further expansion.

Mike Simonds, TriNet's President and CEO, emphasized that Hyderabad is an ideal location for their team and will foster increased collaboration. The new facility is expected to strengthen TriNet's competitive position and deliver superior value to SMBs through its proprietary technology. Gautam Mekala, VP of Technology and Country Leader for TriNet in India, stated that the office will serve as a hub for business and technological innovation.

Positive

• Expansion into Hyderabad, a major technology and business hub
• New office can accommodate 600 employees with plans for further growth
• Potential for increased collaboration and innovation
• Strengthening of competitive position through proprietary technology

Negative

• None.

HYDERABAD, India, Aug. 12, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses announced that it will be holding a ribbon-cutting ceremony to celebrate the grand opening of its new office in Hyderabad, India tomorrow. Hyderabad is a thriving hub for technology and business innovation, and this expansion reflects TriNet's commitment to meeting the evolving needs of its customers. 

TriNet's new office is in the Commerzone building in HITEC City, a major information technology, engineering, and business district in Hyderabad. The office will support approximately 600 of TriNet's India-based workforce with a plan to continue to grow this operation to support the needs of the business. 

"We are thrilled to open our new office in Hyderabad," said Mike Simonds, TriNet President and CEO. "This is the ideal location and facility for our amazing India-based team and allows for increased collaboration between employees while creating a presence in a city that has become a hotspot for innovation and growth."

Simonds added, "TriNet's business model is unique in that we operate with proprietary technology, and our investment in the Hyderabad facility and expanding team further strengthens our competitive position, delivering superior value to SMBs."

"TriNet's office in Hyderabad will serve as a hub for business and technological innovation for our company and in service of our customers," said Gautam Mekala, Vice President of Technology and Country Leader for TriNet in India. "We have built a world-class center with opportunities for aspiring business professionals in the region." 

About TriNet
TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. TriNet offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and R&D tax credit services, all enabled by industry-leading technology. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time & attendance. Rooted in more than 30 years of supporting entrepreneurs and adapting to the ever-changing modern workplace, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram. 

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SOURCE TriNet

FAQ

When is TriNet (TNET) opening its new office in Hyderabad, India?

TriNet (TNET) is holding a ribbon-cutting ceremony to celebrate the grand opening of its new office in Hyderabad, India tomorrow, August 13, 2024.

How many employees will TriNet's new Hyderabad office support?

TriNet's new office in Hyderabad will support approximately 600 of the company's India-based workforce, with plans to continue growing this operation.

Where is TriNet's new office located in Hyderabad?

TriNet's new office is located in the Commerzone building in HITEC City, a major information technology, engineering, and business district in Hyderabad, India.

What is the purpose of TriNet's expansion in Hyderabad?

TriNet's expansion in Hyderabad aims to strengthen its competitive position, foster innovation, increase collaboration between employees, and deliver superior value to small and medium-size businesses through its proprietary technology.