
Algentis
Algentis - The HR Platform for Savvy Startups. Payroll + Benefits + Insurance + HR Expertise.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
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Algentis, LLC was established in Silicon Valley in 2006 by founder Brian Helmick to provide outsourced human resource services tailored for the burgeoning startup ecosystem. The firm operated as a virtual HR department, enabling resource-constrained, high-growth companies to focus on their primary business objectives. Algentis developed an integrated software and services platform that streamlined core HR functions into a single offering.
The company's business model centered on delivering a comprehensive suite of services that included payroll processing, employee benefits administration, insurance, and HR compliance. This integrated approach was particularly attractive to small and medium-sized businesses that lacked the capacity for full-scale internal HR departments. Algentis effectively managed complex administrative tasks such as workers' compensation, risk management, and compliance with evolving healthcare regulations. The client roster featured prominent and rapidly expanding companies, including Eventbrite, DoorDash, and Thumbtack, highlighting its strong position within the tech community.
In September 2014, Algentis was acquired by Hub International, a global insurance brokerage, for undisclosed terms. The acquisition was a strategic move for Hub to absorb Algentis's platform and expertise, with plans to expand the service nationally by leveraging Hub's broader carrier network and adding further employee benefit solutions. Following the acquisition, the Algentis leadership team and its operations, with offices in San Francisco, San Jose, and Walnut Creek, were integrated into Hub's California division. The company ceased to operate as an independent entity and its services were incorporated into Hub's broader offerings. Keywords: outsourced HR, PEO services, payroll processing, employee benefits, HR compliance, startup services, benefits administration, insurance services, HR platform, business process outsourcing