TriNet Strikes Agreement To Acquire Leave Management Technology Firm Cocoon; Financial Terms Undisclosed

TriNet Group, Inc. +1.56% Pre

TriNet Group, Inc.

TNET

38.30

38.30

+1.56%

0.00% Pre

TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it has entered into a definitive agreement to acquire Cocoon, a market leader in leave management technology. Upon completion of the deal, the strategic acquisition will strengthen TriNet's leave of absence (LOA) offering, with the addition of a robust and intuitive compliance-driven product that improves both the employer and employee experience at every touchpoint.

 

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