Oct 10, 2018

Parker Conrad's Rippling unveils new tools for employers

Photo: Rippling

Parker Conrad, the co-founder and former CEO of HR software startup Zenefits who was ousted in 2016, is unveiling his comeback company, Rippling: a command center for employers to control all worker tools, from benefits to IT.

The bottom line: This all-encompassing approach to managing employee needs, from benefits to workplace tools, is based on trends Conrad observed at Zenefits. “I was starting to see that people really liked having HR in one place and that this carried over in other departments,” he tells Axios.

  • “Most people don’t think that Okta and ADP are in the same business, but they will be,” he adds, referring to the provider of employee logins and payroll processing company, respectively.

What it does: Rippling’s new software, which it began to sell to customers in the last couple of months, lets an employer not only onboard new employees via a single software portal, but also manage all their workplace needs, including payroll, benefits, work computer and phone, applications and software, expenses, and so on.

  • Rippling currently provides benefits through broker partners, though Conrad declined to say whether the company plans to eventually start brokering on its own (something Zenefits got in trouble for, as its in-house representatives weren’t licensed in every single state).
  • Unlike Zenefits' initial model of offering its HR software for free for years (until last year), and making money on the benefits it brokers to employers, Rippling is charging customers with more than 5 employees to use every part of its software. The company already has 1,000 customers and more than $1 million (“seven figures”) in annualized recurring revenue, according to Conrad.

Rippling, which now has about 50 employees, mostly engineers, has spent the past two years quietly building its service, says Conrad.

1 startup thing: Despite reports last year that it had raised $7 million in seed funding from a number of early Zenefits investors, Rippling has actually raised much more, Axios has learned, although the exact amount isn't clear.

  • And perhaps because he was ousted by his board of directors and investors at Zenefits and in part because Rippling hasn't yet raised a formal, priced round of funding, Conrad's new company doesn't yet have an official board.

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Editor's note: This story has been corrected to show that Zenefits began charging for its software last year.

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World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

There are no COVID-19 patients in hospital in New Zealand, which reported just 21 active cases after days of zero new infections. A top NZ health official said Tuesday he's "confident we have broken the chain of domestic transmission."

By the numbers: Almost 5.5 million people have tested positive for the novel coronavirus as of Tuesday, and more than 2.2 million have recovered. The U.S. has reported the most cases in the world (over 1.6 million from 14.9 million tests).

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Coronavirus antibody tests are still relatively unreliable, and it's unclear if people who get the virus are immune to getting it again, the Centers for Disease Control and Prevention cautioned on Tuesday.

By the numbers: More than 98,900 people have died from COVID-19 and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 5,588,299 — Total deaths: 350,417 — Total recoveries — 2,286,827Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 1,680,625 — Total deaths: 98,902 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Federal response: DOJ investigates meatpacking industry over soaring beef pricesMike Pence's press secretary returns to work.
  4. Congress: House Republicans to sue Nancy Pelosi in effort to block proxy voting.
  5. Business: How the new workplace could leave parents behind.
  6. Tech: Twitter fact-checks Trump's tweets about mail-in voting for first timeGoogle to open offices July 6 for 10% of workers.
  7. Public health: Coronavirus antibodies could give "short-term immunity," CDC says, but more data is neededCDC releases guidance on when you can be around others after contracting the virus.
  8. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
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Updated 1 hour ago - Politics & Policy