TriNet acquires Zenefits

March 7, 2022 - Research W32

TriNet recently announced it completed its acquisition of Zenefits, bringing with it an increased market share and a positive change to TriNet’s business model. Nucleus believes that this acquisition will bring TriNet new capabilities centered around Zenefits’ platform which includes process automation and employee self-service for benefits administration. This will help to serve a wider range of customers seeking full-suite cloud HCM platforms. This acquisition also represents TriNet’s move to further expand its market share as the SMB space becomes increasingly competitive and undifferentiated.