TriNet Announces Sale Of Its Subsidiary Clarus R+D To Arvo Tech; Terms Of The Deal Were Not Disclosed

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.