M&A Deal Summary

TriNet Group Acquires Accord Human Resources

On April 26, 2012, TriNet Group acquired software company Accord Human Resources from Virgo Capital

Acquisition Highlights
  • This is TriNet Group’s 1st transaction in the Software sector.
  • This is TriNet Group’s 6th transaction in the United States.
  • This is TriNet Group’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-04-26
Target Accord Human Resources
Sector Software
Buyer(s) TriNet Group
Sellers(s) Virgo Capital
Deal Type Add-on Acquisition

Target

Accord Human Resources

Oklahoma City, Oklahoma, United States
Accord Human Resources is a leading provider of outsourced human resource management solutions, also known as a Professional Employer Organization or PEO. Known for its high-level of customer service, Accord serves more than 500 clients in 44 states, and is among the largest privately-held PEOs in the United States. Since the Company's inception in 1992, Accord has been listed four times in Inc. 500 as one of America's fastest growing companies.

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Buyer(S) 1

Buyer

TriNet Group

Dublin, California, United States
Category Company
Founded 1988
Sector Staffing
Employees357,728
Revenue 4.9B USD (2023)
DESCRIPTION

TriNet Group is a provider of a comprehensive human resources solution for small to midsize businesses. TriNet Group was founded in 1988 and is based in Dublin, California.

DEAL STATS #
Overall 6 of 12
Sector (Software) 1 of 1
Type (Add-on Acquisition) 6 of 12
State (Oklahoma) 1 of 1
Country (United States) 6 of 12
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-05 Gevity HR

Bradenton, Florida, United States

Gevity HR, Inc. is a complete human resources management solutions provider, offering outsourced services for employee recruitment, management, and retention, for payroll processing, benefits administration, and related paperwork, as well as for compliance with government regulations.

Buy $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 App7

Los Angeles, California, United States

App7, Inc., doing business as ExpenseCloud, provides online expense management solutions for individuals and companies of all sizes.

Buy -

Seller(S) 1

SELLER

Virgo Capital

Austin, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Virgo Capital is a private equity firm focused on making control investments in lower middle-market software and technology-enabled service companies. Virgo Capital pursues businesses with revenues between $10 and $30 million. Virgo Capital was formed in 2005 and has offices in Austin, Texas and Oklahoma City, Oklahoma.

DEAL STATS #
Overall 1 of 5
Sector (Software) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Oklahoma) 1 of 1
Country (United States) 1 of 5
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 HealthAxis

Tampa, Florida, United States

HealthAxis is a provider of modern Core Administrative Processing Solutions and related software and services to healthcare payors. We offer our clients scalable and flexible solutions for their most complex challenges. Its next-generation enterprise solution suite, HxOne, is a comprehensive healthcare management solution that combines our HxPro, core benefits administration software platform, HxLogic, data-driven analytics tools, and HxOps, tech-enabled business process outsourcing capabilities under one unified offering. HealthAxis was founded in 1965 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 Accruent

Austin, Texas, United States

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

Sell -
Mergr

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