Meanings of trinet in English

A TriNet spokesperson on Wednesday confirmed Bingham was still on the board.

Trinet will not issue new shares and will not receive any proceeds related to the deal.

Bingham continues to serve on the board of two other publicly listed technology companies, Flex Ltd FLEX.O and TriNet Group Inc TNET.N.

TriNet expects to tap the growing demand from small- and medium-sized businesses which outsource their payroll, employee-benefit and other human resources functions.

TriNet is headed by 58-year-old Burton Goldfield, who had served as chief executive of Ketera Technologies Inc, a business management software company.

In a 2015 TriNet survey of 1,000 people 18-34 year olds, 62 percent said they felt blindsided by their review.

Atairos would buy about 17.7 million of Trinet's shares at $25 per share, increasing its ownership to about 28 percent, the companies said.

TriNet's shares opened at $18.50 and touched a high of $19.39, making the stock the percentage gainer on the New York Stock Exchange on Thursday.