Headquarter: San Francisco, California Zenefits is an HR company founded by serial entrepreneur Parker Conrad. Its HR, Benefits, Payroll, Wellness, Engagement, Performance and People Analytics apps are intuitive and interoperable. Companies Search Jobs Articles About Search Jobs Articles About Conrad resigned under pressure in February 2016, while Zenefits retrenched and slashed its valuation by more than half under new leadership. TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. First, PayPal Product Manager, Payroll - Zenefits - Employbl The company's platform manages benefits, employee onboarding, and off-boarding, tracking, selection, and management of insurance plans, enabling businesses to simplify and integrate all of their human resources needs and aspects into one dashboard. Zenefits. Zenefits enables Certified Broker Partners (CBPs) to select one of the broker users that they manage in their Partner Dashboard account, as the point of contact for a particular group's benefits questions.When a CBP assigns someone as a benefits contact, that . "TriNet's acquisition marks the start of an exciting new chapter for the entire Zenefits team. Prior to founding Francisco Partners in 1999, DJ was a Principal with Texas Pacific Group. Dipanjan (DJ) Deb founded Francisco Partners in 1999 after working as a principal at Texas Pacific Group. It moved into a highrise in San Francisco's SoMa district and expanded from fewer than 20 people to roughly 500, many on the sales side. Since its launch over 20 years ago, Francisco. Employee self-service and seamless Benefits management. TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. Zenefits streamlines your workflow by automatically connecting HR, Benefits, Payroll and Scheduling, together cofounder and venture capitalist David Sacks took over as CEO. TriNet Zenefits - Wikipedia . TriNets commitment to powering the success of small and medium-size businesses will be expanded to include an ASO product offeringleveraging Zenefits industry leading cloud HR platform., He added, We look forward to welcoming the Zenefits team with their extensive SMB expertise as we usher in the next phase of TriNets growth., Over the past few years, weve successfully transformed our business to a leading SaaS people platform, and we are incredibly proud of what we have achieved and the position we are now in to meet the needs of small and mid-sized businesses, said Jay Fulcher, CEO, Zenefits. Featured Media. Now Providing HR Solutions to Approximately 23,000 Small and Medium-Size Businesses and Their Workforces of Over 600,000 People. Francisco Partners is a premier global investment firm specializing in partnering alongside technology businesses. 5 Ways to Know If Workplace Boundaries Have Slipped Since the Pandemic. Zenefits' People Operations Platform delivers the most comprehensive, easy to use, mobile HR experience on the market. Dublin, CA [Feb. 15 2022] TriNet, (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs) today announced the completion of its acquisition of Zenefits, a leading SaaS-based human capital management (HCM) solution purpose-built for SMBs to enable people operations, from Francisco Partners. With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. The People Platform! The acquisition is expected to close in the coming months, subject to customary closing conditions, including the receipt of regulatory approvals. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. Zenefits - Products, Competitors, Financials, Employees, Headquarters Then, in February 2017, he was succeeded by Jay Fulcher, Zenefits current CEO. The 35-year-old was the largest shareholder of Zenefits at the time. Investments Number of Investments 85 Number of Lead Investments 59 Francisco Partners has made 85 investments. For press inquiries email [emailprotected]. Get it done quickly and accurately, every time. Dublin, CA December 23, 2021 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, a People Operations platform purpose-built for SMBs, from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. francisco partners zenefits - Masar.group Acquisition Will Expand TriNet's SMB Product Offering. Founded in 1999, Francisco Partners is a private equity firm headquartered in San Francisco, California. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology capabilities. The company's worth soared to $4.5 billion within three years, becoming one of the fast-growing firms in Silicon Valley. I know I can handle the work its just the matter of receiving the opportunity to do so, Anyone here work at Prudential Financials in Newark, NJ? Zenefits is a cloud-native SaaS provider of human capital management, payroll, and benefits administration. Hot Search. zenefits.com. Since its launch over 20 years ago, Francisco Partners has . Series C - Zenefits - May 6, 2015 Funding Round Profile - Cointime Zenefits, Once Worth $4.5 Billion, Does Deal With Private-Equity Firm That Gives It ControlForbes, Research and Due Diligence Platform for Investors, Most Visited Alternative Investment Industry Zenefits Human Resources Services San Francisco, California 68,314 followers HR, Payroll, Employee Benefits Software purpose-built for the small and mid-size businesses driving the American. Sept. 20, 2014. Learn about Zenefits's growth to $5,000,000,000, it's CEO, headquarter locations, founders, valuation & net worth, and more. 50 Beale Street San Francisco, CA 94105 Streamline HR, employee benefits, payroll, and more with our simple, intuitive platform. Founded in Boston in 2004, GreenLight Fund is a national nonprofit with a local focus that partners with communities to create opportunities for inclusive prosperity. By adding an enhanced HCM software product to TriNets PEO offering, we will be in a position to create a unique HR solution not available in todays market which we intend will eventually operate within the same technology cloud environment., Goldfield added, I am also thrilled to welcome the TriNet Zenefits team to TriNet, who bring another layer of entrepreneurial spirit and innovation to our company.. Welcome back! Combined with advisory services and tightly integrated partner apps, Zenefits enables better business agility and performance for emerging businesses. "I am passionate about providing comprehensive solutions for SMBs and the acquisition of Zenefits will expand and complement the TriNet offeringbeyond a Professional Employer Organization or PEO," said TriNet President and CEO, Burton M. Goldfield. The addition of Zenefits furthers our mission to power the success of SMBs by supporting their growth and enabling their people. About ZenefitsZenefits helps thousands of small and mid-size companies drive performance by streamlining people operations: the workforce, compliance and performance issues that are the difference between success and failure. This rating has decreased by -1% over the last 12 months. FAQs About the Partner Dashboard - Zenefits Francisco Partners Recognized by HEC Paris-DowJones as a Top Performer in 2022, Francisco Partners Announces Completion of Fundraising, Closes on Nearly $17 Billion, Learn More About FP's Approach to Divisional Carve-Outs, TS Imagine Recognized as Middle-Market Deal of the Year by M&A, GreenSlate Announces Strategic Growth Investment from Francisco Partners, Sumo Logic to be Acquired by Francisco Partners for $1.7 Billion, Glorious Announces Strategic Growth Investment from Francisco Partners, TouchBistro Raises $150M From Francisco Partners to Accelerate Growth and Pursue Acquisitions, Acoustic Announces Strategic Growth Investment from Francisco Partners, Francisco Partners Expands Senior Operating Team with Key Hires, Francisco Partners Named to Inc.s 2022 List of Founder-Friendly Investors, Trellis Rx Recognized for PEI Operational Excellence Awards, Francisco Partners to Acquire bswift from CVS Health, Francisco Partners Makes Key Strategic Hires as Firm Invests in Growth, Reciprocity Announces $60M Growth Investment from Francisco Partners, Francisco Partners Recognized by GrowthCap as a Top 25 Private Equity Firm, Francisco Partners Hires Ashley Evans as Partner, Kobalt Selects Francisco Partners to Invest In Companys Next Phase, Drawbridge Announces Strategic Growth Investment from Francisco Partners, Francisco Partners to Acquire Litmos from SAP, Francisco Partners Joins UN-backed Principles for Responsible Investment, Francisco Partners' $250 Million Term Loan Investment in 8x8, Francisco Partners Launches Healthcare Data Company Merative, Francisco Partners Announces Sale of Trellis Rx, Veson Nautical Announces Significant Growth Investment from Francisco Partners, Francisco Partners Announces Sale of Discovery Education, Explore careers with our portfolio companies. For more information on Francisco Partners, please visit www.franciscopartners.com. TriNet, incredible starts here. In San Francisco, a once high-flying software start-up is poised to benefit from Biden's revival. As far as Silicon Valley perks. 50 Beale Street, Floor 10, San Francisco, CA 94105. Minimize HR headaches so you can get back to business. TriNet's commitment to powering the success of small and medium-size businesses will be expanded to include an ASO product offeringleveraging Zenefits' industry leading cloud HR platform. TriNet's suite of products also includesservices and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance. Now, the Jesuit Conference of Canada and the US has pledged $100 million to a foundation for the descendants of those people. Zenefits simplifies the process of curating, and providing great benefits to your people from comprehensive healthcare plans to perks like commuter benefits. The effective acquisition, the exact dollar figure of which remained unclear, represents quite a comedown for the one-time highflier. We automate many of the compliance tasks and government TriNet Announces Definitive Agreement to Acquire Zenefits Zenefits reportedly is taking aim at the payroll business, according to a Sept. 15 BuzzFeed story based largely on anonymous sources, which if true would put it into direct competition with. Zenefits, once worth $4.5 billion, has completed a financing deal with private-equity firm Francisco Partners that gives the investment firm control of the company, Forbes has learned. Zenefits - Overview, News & Competitors | ZoomInfo.com Zenefits Raised $500 Million at a $4.5 Billion Valuation Great benefits all around. For more information on Francisco Partners, please visit www.franciscopartners.com. Zenefits in San Francisco recently said that founder Parker Conrad resigned as CEO and board member because the company failed to comply with state insurance laws. TriNet Completes Acquisition of Zenefits - PR Newswire Within three years of operations, Conrad built Zenefits to become one of the best HRIS platforms in the HR tech industry valuing at around 4.5 billion US dollars at 2016. With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. The added offering will provide even greater flexibility, allowing TriNet to deliver a broader range of HR functionality and service models. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Something went wrong. Court Chambers, Why this private equity firm backed Nigerian retail chain Justrite - Benefits Inbox Select the medical plan that's best for you and your family. Upon deal close, Zenefits will become a wholly owned subsidiary of TriNet and Francisco Partners will become a TriNet stockholder. Zenefits struggles show VCs are not paying enough attention Zenefits, Once Worth $4.5 Billion, Does Deal With Private-Equity Firm Founded in 2017 and headquartered in San Francisco, Truework partners with payroll providers such as Gusto, Zenefits and BambooHR to verify and approve borrowers with its API. Likes. Visit Site. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. Zenefits time-off is linked to payroll so I no longer have to chase down PTO requests, saving us substantial money. Zenefits and Drata integrations couldn't be easier with the Tray Platform's robust Zenefits and Drata connectors, which can connect to any service without the need for separate integration tools. Get familiar with the Platform by exploring your very own demo account. A source familiar with the deal noted that the investment would allow Zenefits to capitalize on the $30 billion market for human-resources software among small- and medium-sized businesses. Open menu. Both Zenefits and Francisco Partners declined to comment. Ive inquired about pay but its gotten nowhere. Learn about Francisco Partners , including insurance benefits, retirement benefits, and vacation policy. Francisco Partners Zenefits has partnered with 17 companies to provide those apps including Salesforce, Slack, Quickbooks, Expensify and eShares. Vice President of Finance and Operations | GreenLight Fund Zenefits Company Profile: Acquisition & Investors | PitchBook To learn more, visit Zenefits.comand find SMB news, how-to's and resources atzenefits.com/workest. Will they use a Sherwin Williams color matching swatch ? Zenefits online HCM software gives your team a single place to manage all of your HR needs - payroll, benefits, compliance, and more. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Current Analyst in San Francisco, CA, California, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips. News, Whitehorse makes multiple promotions - PE Hub, Whitehorse Liquidity Partners grows team to 150 professionals - PE Hub, Indiana PRS makes $450m PE commitment - Private Equity Wire, Maj Invest launches SticksnSushi sale via Deloitte, Kompas VC seeks built environment tech opportunities, eyes second fund, Deposition evidence ordered for Danish private equity dispute - Essex Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry. from 8 AM - 9 PM ET. TriNet, incredible starts here. Inbound and Outbound Prospecting in the SMB space (under 200 employees . San Francisco zenefits.com Joined December 2012. Bitcoin Bitcoin SV BTC bitcoin.com Bitcoin Cash. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. Coverage that'll make everyone happy. Upon completion of the deal, the addition of Zenefits will expand TriNets ecosystem to serve more than 24,000 SMBs and approximately 600,000 employees. Im 1/64th black, how much do I get? Keeping a business compliant is made easier with Zenefits. Founded in August 1999 and based in San Francisco with offices in London and New York City, Francisco Partners Management L.P. has raised approximately US$24 billion in committed capital as of June 2020 when the firm raised nearly $10 billion for tech company investments. Cision Distribution 888-776-0942 TriNet Zenefits (legal name: YourPeople, Inc., previously known as Zenefits) is a technology company based in San Francisco, that offers cloud-based software as a service to companies for managing their human resources, with a particular focus on helping them with payroll and health insurance coverage.