TriNet to acquire Cocoon, terms not disclosed

TriNet (TNET) announced it has entered into a definitive agreement to acquire Cocoon, a company in leave management technology. Upon completion of the deal, the strategic acquisition will strengthen TriNet’s leave of absence offering, with the addition of a robust and intuitive compliance-driven product that improves both the employer and employee experience at every touchpoint. Upon deal close, Cocoon will become a wholly owned subsidiary of TriNet. The acquisition is expected to close this month, subject to customary closing conditions, including the receipt of regulatory approvals. Financial terms of the acquisition were not disclosed, and the acquisition of Cocoon is not expected to have a material impact on the company’s financial guidance for 2026.