April 26, 2012
TriNet announced today its acquisition of Accord HR. With the addition of Accord, TriNet is creating a multi-tiered HR platform that will more effectively serve the needs of small businesses across America.The acquisition of Accord provides TriNet with an additional service model and expanded geographical coverage that addresses segments of the market not yet served by TriNet. Accord has a significant complimentary presence in several core TriNet markets including the Northeast and Florida and also a strong geographic footprint in places where TriNet has a limited presence, such as Oklahoma, Nevada and Arizona. In this respect, the addition of the Accord service model augments and broadens TriNet's ability to serve more clients and prospects than ever before.Accord will operate as a business unit of TriNet, with its name and brand remaining intact. The Accord senior management team, including president and CEO, Dale Hageman, will remain in leadership positions in the new business unit. Minimal changes will be made to Accord's operations and service model, and the Accord team will continue focusing on delivering a great customer experience to drive strong client retention and additional client growth."TriNet is dedicated to creating a great and enduring company that is the market leader in the PEO industry, and the addition of Accord to the TriNet family reinforces this vision" said Burton M. Goldfield, CEO of TriNet. "We recognize Accord's excellent growth trajectory and profitability, and we're confident that Accord's service model will enhance and strengthen TriNet's market reach. We also understand that the foundation for Accord's legacy of success is its people, and we're committed to supporting the Accord colleagues and clients."About TriNet:TriNet is a trusted partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet's solutions help contain costs, minimize employer-related risks and relieve administrative burden to keep an entrepreneur's focus on core business functions. From employee benefits service and payroll processing to high-level human capital consulting, TriNet's PEO expertise is integrated with every facet of a client's business. TriNet specializes in serving fast-moving companies in fields such as technology and financial services, who recognize that top-quality employees are the most critical competitive asset.
