TriNet Closes Acquisition of Gevity

June 12, 2009 – TriNet Group, Inc., a provider of human resources outsourcing services for small businesses, has completed its acquisition of Gevity, an HR outsourcing company based in Bradenton, Florida. On March 5, TriNet announced that it entered into a definitive agreement to acquire Gevity in an all-cash transaction valued at approximately $98 million. At that time, TriNet began working to integrate the two companies’ operations and client support models for the combined company’s 8,000 clients and 130,000 employees nationwide. “We are thrilled that the acquisition of Gevity is complete and we’ve solidified TriNet’s position as a leading provider of small business HR outsourcing services,” said Burton M. Goldfield, president and CEO of TriNet. “Our vision is to capitalize on the deep expertise from both companies in order to equip clients with industry-specific services and solutions, breaking with the ‘one size fits all’ approach that companies have typically been forced to endure from HR outsourcing providers.”

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