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

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.