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Announced

Completed

TriNet completed the acquisiion of Clarus R+D Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

Friendly

Software

Completed

fintech solutions

Private

Acquisition

R&D tax credit

Cross Border

Synopsis

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TriNet, a provider of comprehensive human resources solutions for small and medium-size businesses, completed the acquisition of Clarus R+D Solutions, fintech solutions company. Financial terms were not disclosed. "With our acquisition of Clarus R+D, TriNet takes another important step towards powering the success of small and medium-sized businesses. Many of our PEO and HCM customers qualify for R&D tax credits and do not have the time or expertise to successfully apply for them. With the addition of Clarus R+D, TriNet expands its offering to better serve these customers. I look forward to leveraging Clarus R+D to put money back in the hands of our hard-working SMB clients," Burton M. Goldfield, TriNet President and CEO.

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