TribeHR Acquired by NetSuite
Kitchener-based TribeHR, which specializes in human resources software, was recently acquired by NetSuite Inc. Based in San Mateo, California, NewSuite provides a complete Enterprise Resource Planning (ERP) cloud solution that encompasses accounting, Customer Relationship Management (CRM), inventory, and ecommerce.
According to reports, NetSuite spent over a year looking at companies that could round out their business, with the addition of a human resources component. After looking at 70 organizations in North America, Europe, and Australia, TribeHR was selected.
“We did a global search and we definitely found the best one,” said Gary Wiessinger, NetSuite’s VP of Product Management.
So what does TribeHR co-founder, Joseph Fung, think? “NetSuite is the kind of company we would grow up to be, that we would aspire to be,” Fung said. “It’s going to be a lot of fun going forward.”
TribeHR’s16 employees will continue to work out of their downtown Kitchener office. Wiessinger has also confirmed that NetSuite will consider expanding its presence in Kitchener.
1) NetSuite to Acquire TribeHR, Creating the First Integrated Cloud ERP and HCM Suite for SMBs;
2) TribeHR Acquired by NetSuite;