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TriNet Announces Sale of its Subsidiary Clarus R+D to Arvo Tech

1. TriNet sells subsidiary TriNet Clarus R+D to Arvo Tech. 2. The divestiture focuses TriNet's strategy on high-value HR solutions. 3. R&D tax credit solutions will continue through a five-year agreement. 4. Arvo Tech enhances its market position with TriNet's expertise. 5. TriNet aims to empower SMBs while streamlining HR operations.

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FAQ

Why Bullish?

The divestiture allows TriNet to streamline operations and reduce potential losses. Historical examples show companies that refocus on core competencies often experience stock price appreciation.

How important is it?

The sale aligns TriNet's operations towards its core business, making it likely to positively impact TNET’s financial performance.

Why Long Term?

This strategic move could enhance efficiency and profitability over time, boosting long-term shareholder value. Comparable corporate divestitures that improved focus led to sustained growth.

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ARVOADPPAYC
, /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the completion of the sale of its wholly owned subsidiary, TriNet Clarus R+D to Arvo Tech, creator of the tax strategy solution for small businesses. Effective today, TriNet Clarus R+D's expert tax team, service model, and proprietary software for evaluating and preparing R&D tax credits for SMB customers are now a part of Arvo Tech. Terms of the deal were not disclosed. TriNet is divesting this business as part of its strategy to narrow its focus to high-value HR Solutions in the SMB market. Recognizing the dynamic nature of tax credits and the significant opportunities they present for SMBs, this move will allow the Clarus business to thrive within an organization dedicated to tax solutions, including managing a tax credit portfolio.  The acquisition strengthens Arvo Tech's position in the marketplace as a leader in delivering value to customers through tax credit programs, using technology to increase access for more taxpayers. "Acquiring TriNet Clarus R+D accelerates our mission of providing tax strategy solutions for SMBs," Arvo Tech President and Co-Founder, Terracina Maxwell, said. "We're celebrating this huge value-add for our clients."  TriNet Executive Vice President, Strategy, Products and Transformation, Jay Venkat, said, "We are proud of what we have accomplished together, and the tax credit solutions provided to our SMB customers. We believe the Clarus team will have the opportunity to grow and thrive in new and exciting ways while continuing to provide outstanding tax solutions to SMBs."  As part of the transaction and to ensure a seamless transition, TriNet customers will continue to have access to R&D tax credit solutions through a five-year agreement with Arvo Tech. About TriNetTriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. TriNet offers access to human capital expertise, benefits, risk mitigation, compliance, and payroll services, all enabled by industry-leading technology. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time & attendance. Rooted in more than 30 years of supporting entrepreneurs and adapting to the ever-changing modern workplace, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. For more information, visit TriNet.com or follow us on LinkedIn, Instagram and Facebook.   About Arvo Tech Arvo Tech is the creator of the tax strategy solution that helps small businesses make confident financial decisions. Founded by tax experts and backed by proprietary technology, Arvo is the only holistic approach that brings together the ability to develop and document a tax strategy with tax credit management. By delivering actionable insights and simplifying tax processes, Arvo Tech saves companies time and money – while helping them maximize their financial future. To learn more, visit https://arvotech.com/. TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners SOURCE TriNet Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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