TechnoPro Holdings Acquisition & Valuation

TriNet Group is an American professional employer organization (PEO) headquartered in Dublin, California, providing outsourced human resources to small and medium-sized businesses. Under a co-employment model it runs payroll and payroll tax administration, sponsors health, dental, retirement and workers' compensation benefits, and advises clients on employment-law compliance and risk, with web-based self-service portals for managers and staff. Clients range from about 3 to 2,500 employees. It earns professional service fees plus insurance service revenues from the benefits it bills to clients; in 2025 total revenues were $5.0 billion, of which $4.2 billion was insurance service revenue and $719 million professional service revenue, with net income of $155 million and about 334,000 average worksite employees. TriNet was founded in 1988 by Martin Babinec in San Leandro, California, took growth investment from General Atlantic in 2004 and listed on the New York Stock Exchange in March 2014 under the ticker TNET. It grew by acquisition, buying Gevity in 2009, Strategic Outsourcing in 2012 and Zenefits in 2022.

Jinhai Medical Technology Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in providing medical equipment in China and manpower outsourcing and ancillary services to building and construction contractors in Singapore. The group also provides IT services, construction ancillary services (which comprise warehousing, cleaning, and building maintenance works), and dormitory services in Singapore. It generates maximum revenue from the sale of minimally invasive surgery solutions, medical products, and related services in the People's Republic of China.

Persol Holdings Co Ltd is a Japan-based company engaged in the provision of staffing and HR-related services. Its services include temporary staffing, recruitment, media, outsourcing, and job creation in a range of industries. The company's segments include Asia Pacific; Business Process Outsourcing (BPO); Career; Staffing; Technology; and Others. It generates the majority of its revenue from the Staffing segment, which is engaged in the temporary staffing business for a wide range of industries, mainly in the administrative field, mainly in Japan.

First Advantage Corp is a provider of software and data in the Human Resources technology industry. The company provides end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. It combines AI-powered proprietary technology platforms with proprietary data, primary source data, and third-party data. Its reportable segments are First Advantage Americas, First Advantage International, and Sterling. The company generates maximum revenue from the Sterling segment, which provides similar services as compared to First Advantage's Americas and International segments on a global basis. Geographically, the company generates the majority of its revenue from the United States.

Korn Ferry is a consulting firm that powers performance. The Company helps unlock the potential in people and unleash transformation across organizations synchronizing, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. The company's segment includes Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search APAC, Executive Search Latin America, Professional Search & Interim and RPO. The company generates the majority of its revenue from the Executive Search segment and Consulting segment. The Executive search segment helps organizations recruit board-level, chief executive, and other C-suite/senior executive and general management talent to deliver lasting impact.

Robert Half Inc was founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates its sales inside the U.S. and is one of the specialized firms in the fragmented U.S. staffing industry.

Adecco Group is a provider of human capital solutions, with the majority of its revenue coming from flexible placement but also offering permanent placement, career transition, outsourcing, and consulting services in engineering, digital, and IT. The company is organized into three business units: Adecco, Akkodis, and LHH. The company provides services to businesses and organizations throughout Europe, North America, Asia-Pacific, South America, and North Africa.

ManpowerGroup Inc provides workforce solutions and services, including recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting. The company leverages its trusted brands, industry knowledge, and AI-enabled assessments and offers an extensive portfolio of training and leadership development solutions. Its reportable segments are Staffing and Interim, Outcome-Based Solutions and Consulting, Permanent Recruitment, and Others, with Staffing and Interim generating the majority of revenue. It operates in the Americas, Southern Europe, Northern Europe, and APME. The company derives the maximum geographical revenue from the Southern European region.

ShiftKey is a healthcare scheduling marketplace linking licensed professionals such as nurses and therapists with facilities facing staffing shortages. The platform advertises per diem shifts to a network of credentialed providers, ensuring full compliance, internal scheduling, and agency-free operations. Miami-headquartered since 2015, ShiftKey serves hospitals and clinics across 35 U.S. states with mobile booking and verification tools.

Insperity Inc is a company that provides a wide range of human resources and business solutions designed to help businesses improve their performance. Small and midsize enterprises are the company's primary target customers. Majority of the company's products are offered through the company's Workforce Optimization and Workforce Synchronization solutions, which comprise various human resource functions, such as payroll and employment administration, employee benefits and compensation, government compliance, performance management, training and development services, and human capital management. The company generates all of its revenue in the United States.

Meitec Group Holdings Inc formerly Meitec Corp offers staffing in the flexible labour market and engineering solutions for manufacturers. The company provides temporary engineering staffing, senior-workforce development, career development and career change support, global engineering solution outsourcing, prototyping and mold making, mounting and design of circuit boards, and information technology solutions. The core business segment is temporary staffing offering flexible staffing for engineering companies. Meitec operates in Japan.

Established in 1960 and domiciled in the Netherlands, Randstad is one of only three global recruitment providers, placing over 200,000 permanent candidates and 2 million temporary candidates annually. In addition, the company provides recruitment process outsourcing services, managed services programs, payroll services, outplacement services, and job postings.

Phenom is an Ambler, Pennsylvania-headquartered developer of the Intelligent Talent Experience platform powered by AI for recruitment and employee management. The platform includes tools like Phenom Career Sites, AI Chatbots, CRM systems, AI Scheduling, video interviews, and internal talent marketplaces serving over 500 enterprises worldwide including Bayer and Delta Air Lines. Founded in 2010, Phenom processes millions of candidate interactions annually and integrates with major HRIS systems such as Workday and SAP SuccessFactors across North America, Europe, and Asia.

Hays PLC is a recruitment company, providing staffing solutions across various sectors, including information technology, construction, finance, education, and healthcare. The company generates revenue prominently through fees for placing candidates in permanent, temporary, and contract roles. It also offers workforce solutions such as recruitment process outsourcing, managed service programs, and advisory services. Hays operates its business in four regions: Germany, the United Kingdom & Ireland, Australia & New Zealand, and the Rest of the World. Its business model focuses on matching skilled professionals with employer needs through a network of recruitment consultants and digital platforms, without owning physical labor assets.

Gem is a San Francisco-based recruiting automation platform integrating with LinkedIn, Gmail, Outlook, and ATS like Greenhouse. It enables talent sourcing, personalized outreach, and pipeline tracking for enterprise teams at companies like Airbnb and Square. Launched in 2016, Gem boosts response rates through AI-driven sequences and deduplication.

JAC Recruitment Co Ltd provide appropriate and attentive consultation services to both companies seeking talent and candidates who wish to change jobs. Its recruitment services include JAC Recruitment, JAC Digital, JAC Executive, JAC International, JAC Career, VantagePoint, JAC Interim Professional Solutions, JAC RPO, and CareerCross.

FESCO Group Co Ltd is engaged in the provision of human resources services, including personnel management services, compensation and welfare services, business outsourcing services, recruitment and flexible employment services and others.

TransparentBusiness is a New York software and operating holding company incorporated in Delaware in 2015. Its original cloud platform helps organisations coordinate remote and on-site employees by recording work activity, project status, billable time and cost information. The product also provides project collaboration, communication, performance monitoring and workforce accountability tools for small and medium-sized businesses. The group added talent services through SheWorks and Yandiki, a controlling interest in staffing agency ITSQuest and a majority stake in the Unicorn Hunters media producer Unicorns. TransparentBusiness changed its corporate name to Unicoin in October 2022 while expanding into digital assets and media. In April 2026 the same legal company changed its name back to TransparentBusiness and continued operating software, talent and media interests. It earns subscription and service revenue from business and public-sector customers using its workforce and talent platforms.