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.