TriNet Announces Acquisition of Clarus R+D Solutions LLC

TriNet , a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs) today announced that it has acquired Clarus R+D Solutions LLC, an industry-leading, service and expertise driven, fintech solutions company that simplifies the R&D tax credit process for SMBs. Terms of the deal were not disclosed. Clarus R+D helps SMBs take advantage of the research and development tax credit, one of the largest tax incentives available to US businesses. Clarus R+D’s cutting-edge, cloud-based software platform, coupled with the deep expertise of its professional services team, delivers access, compliance, and clarity for federal and state R&D tax credits. The Clarus R+D platform has automated much of the R&D credit qualification and application process to ensure that the final incentives are optimized for each client. Businesses save valuable time as a result of the automated calculation process, while maximizing their R&D tax credit. “With our acquisition of Clarus R+D, TriNet takes another important step towards powering the success of small and medium-sized businesses,” said Burton M. Goldfield TriNet’s President and Chief Executive Officer. “Many of our PEO and HCM customers qualify for R&D tax credits and do not have the time or expertise to successfully apply for them. With the addition of Clarus R+D, TriNet expands its offering to better serve these customers. I look forward to leveraging Clarus R+D to put money back in the hands of our hard-working SMB clients.” “Having worked closely with the Clarus R+D team through the acquisition process, I believe the Clarus R+D team is a great fit with TriNet,” said Samantha Wellington TriNet’s Executive Vice President, Business Affairs, Chief Legal Officer and Secretary. “Importantly, we both place SMBs at the center of everything we do. We also share the belief that most SMBs are unaware of their eligibility to claim these R&D tax credits. We are excited by this opportunity to unlock possibilities for our customers, and I am thrilled to welcome the Clarus R+D team to TriNet as we pursue this market opportunity.” “The Clarus team is very excited to join TriNet, a world-class organization with a very impressive leadership team. Our shared commitment to go above and beyond to support our teams, our customers, and the small business ecosystem aligns perfectly with our culture and the growth strategy of our company,” said Chris Winslow, former Chief Executive Officer at Clarus, now leading TriNet’s newly created Tax Credits Business Unit, reporting to Samantha Wellington. “We look forward to leveraging TriNet’s scale to help us continue to accelerate our product roadmap in support of our customers and partners.” As part of the acquisition, Clarus R+D will become a wholly owned subsidiary of TriNet. In addition to Winslow, all other members of the Clarus leadership team will remain in their same (or similar) roles. Ice Miller LLP represented Clarus R+D as legal counsel in the transaction and Freshfields Bruckhaus Deringer US LLP assisted TriNet.

See More

Account-Based Marketing
 

Madison Logic Recognized as a Challenger in 2022 Gartner Magic Quadrant for Account-Based Marketing Platforms Report

The most comprehensive category score evaluated in the Gartner Critical Capabilities 2022 Report went to Madison Logic, the top global

B2B
 

Intelligent Chat Helps B2B Marketers Increase Lead Generation and Improve Sales Conversions, Botco.ai Survey Finds

85 percent of B2B organisations who run demand generation efforts also use chatbots or conversational marketing agents to support those

Intent Data
 

RollWorks Ushers in New Level of Intent Data Sophistication with Open Beta of Keyword Intent

The open beta of RollWorks Keyword Intent, a platform for account-based marketing from NextRoll, was released today. With the help

CRM
 

Demandbase Delivers Fully-Integrated Account-Based Marketing (ABM) for HubSpot CRM and Microsoft Dynamics 365

New integrations mean customers of all major CRMs can now take full advantage of Demandbase’s capabilities, with bidirectional sync and

ABM
 

Integrate Launches New Product Features to Drive Precision in ABM

Integrate Launches New Product Features to Drive Precision in ABM Integrate, a pioneer in B2B Precision Demand Marketing (PDM), today

Incredible B2B Platform
 

Goodtal: An Incredible B2B Platform to Connect Businesses and Technology Partners

An Incredible B2B Platform to Connect Businesses and Technology Partners In order to increase productivity, Goodtal promotes a culture of