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TriNet reports net revenue of $55 million

November 18, 2009
Staffing Industry Analysts North American Daily News

TriNet Group Inc., a privately held professional employer organization, said its third-quarter net revenue was $55.0 million, leaving the company on track for full-year net revenue of $160.0 million. The third quarter marked the first full quarter since its acquisition in June of Gevity HR Inc., a Bradenton FL-based PEO. TriNet reported 2008 net revenue of $100.0 million.

San Leandro CA-based TriNet also said it added 350 small business clients representing almost 7,500 employees since the Gevity buy.

TriNet said it now serves more than 8,000 small businesses with 130,000 employees in all 50 states.