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TriNet Reports $5.1 Billion FY 2024 Revenue with Strategic Growth Outlook
TriNet (NYSE: TNET), a leading provider of human capital management (HCM) solutions for SMBs, reported its Q4 2024 and full-year financial results. Revenue grew by 1% YoY to $1.3 billion for Q4 and $5.1 billion for FY 2024. Despite record worksite employee (WSE) retention, net income declined to $17
Feb 13, 2025
Professional Services
Phenom Acquires EDGE to Enhance Workforce Intelligence for Professional Services, IT Services, and Global Capability Centers
Phenom, an AI-driven HR technology leader, has acquired EDGE, a top resource management and talent mobility platform. This move enhances Phenom’s Intelligent Talent Experience platform with advanced resource planning capabilities, catering specifically to professional services firms and global cap
Feb 6, 2025
Professional Services
TriNet’s Q3 2024 Results: Strong Retention Despite Profit Challenges
TriNet, a leading provider of HR solutions for SMBs, reported its Q3 2024 financial results. Total revenues grew by 1%, reaching $1.2 billion, while net income declined to $45 million from $94 million year-over-year, reflecting increased healthcare costs. Adjusted net income per diluted share fell t
Oct 25, 2024
Professional Services
Awardco Launches External Recognition, An Employee Rewards and Recognition Innovation Built for Customer-Facing Teams
Awardco , a leader in employee recognition and rewards, has launched a new feature called External Recognition. This innovation allows customers, vendors, partners, or any third-party to recognize employee efforts in real-time, enhancing a culture of appreciation and recognition. It is particularly
Aug 6, 2024
Professional Services
Skillfully Secures $2.5 Million in Seed Funding to Revolutionize Recruitment
Skillfully, a pioneer in simulation-driven hiring solutions, has secured $2.5 million in seed funding led by Better Ventures. This funding will enhance Skillfully's platform, which uses advanced AI tools and a modern skill taxonomy to revolutionize hiring practices. The platform's experiential hirin
Aug 5, 2024
Professional Services
Alight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight, Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independent business has been renamed Strada. Alight plans to use
Jul 12, 2024
Professional Services
Announcing Our 2024 Workday Partner Innovation Award Winners
These awards honor select services and software partners for their commitment to our customers’ success, demonstrated by their innovative extensions of Workday solutions. Read on to learn this year’s winners. In this article we discuss: Workday Services Partner Industry Innovation Aw
May 1, 2024
Professional Services
Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight, Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move is expected to enhance Alight's margin profile by nearly
Mar 20, 2024
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