Rectech: The Recruiting Technology Podcast

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.  Details of the stock and cash transaction were not disclosed. Zenefits is a leading cloud HR platform which provides innovative and intuitive HR, benefits, payroll and employee engagement software purpose-built for small and medium-size businesses.  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.  Upon deal close, Zenefits will become a wholly owned subsidiary of TriNet and Francisco Partners will become a TriNet stockholder. TriNet is also expected to become a preferred supplier of PEO and HRIS services to Francisco Partners portfolio companies across the country after closing. The acquisition is expected to close in the coming months, subject to customary closing condi