Zenefits
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| Founded | February 18, 2013 |
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| Area served | United States |
| CEO | Jay Fulcher |
| Industry | Human resource management |
| Revenue |
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| Website | zenefits |
Zenefits is a company based in the United States that offers cloud-based software as a service to companies for managing their human resources, with a particular focus on helping them with health insurance coverage.
Zenefits is headquartered in San Francisco, CA with offices in Tempe, AZ and Vancouver, Canada.
Zenefits was started by its ex-CEO Parker Conrad and Laks Srini, Conrad's colleague and a software engineer at Sigfig, to help startups and small businesses find insurance quotes and manage employee benefits in one place. It officially launched on February 18, 2013.
In 2013, Zenefits, which had been operational only in California and New York, announced that it was rolling out to the other 48 states in the United States, albeit only for businesses with more than 20 employees.
In 2014, the company announced the addition of commuter spending, flexible spending, and 401(k) support in an attempt to replace the more mundane functions currently handled by companies' human resources departments. The company also announced support for stock options in its cloud HR platform.
In November 2014, Zenefits opened an office in Arizona. The Wall Street Journal discussed the rapid growth in Zenefits' own workforce as it scales to cope with a growing clientele.
In May 2015, payroll provider ADP blocked Zenefits from accessing payroll information on behalf of Zenefits customers. In a post on the company's blog, Zenefits alleged ADP was spreading "fear, uncertainty and doubt" about Zenefits data security due to worries about increased competition. In June 2015, ADP filed a lawsuit accusing Zenefits of defamation.
In October, 2015, ADP dropped the defamation lawsuit. As of November 2016, Zenefits continues to offer ADP integration capabilities for its customers.
In November 2015, Zenefits announced a payroll product in limited release.
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Wikipedia