Zenefits, a rapidly growing start-up for the online control of personnel, is being investigated since last year by the authorities in the US state of California. According to the Department of Insurance made Zenefits use special software to circumvent regulations.
The growth of the ‘unicorn’ – a start-up with a true thing of at least $ 1 billion – has been much discussed in Silicon Valley . Since its founding in 2013 squirted the valuation of the company up to $ 4.5 billion. May last year Zenefits got another $ 500 mln to investors. The company focuses on developing HR applications for small and medium businesses. These companies are typically overlooked by larger suppliers of HR software, said CEO Conrad Paker time.
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Conrad had earlier this week to step down after US website BuzzFeed revealed that Zenefits varnish had the Californian regulations on the sale of health insurance. To circumvent the course of 52 hours, to be followed by mandatory sellers of this insurance, developed Zenefits secret software. It seemed as if they still had in their hands the necessary certificate.
Integrity
the Department of Insurance will see the departure of Conrad as a” significant development “but the investigation continues. “New technologies and business models may have value for consumers, but the company behind it must play by the rules,” said Inspector Dave Jones. “Those rules should ensure that only companies and individuals to sell the right expertise and integrity insurance.
The state of Washington is launched an investigation into the unicorn.
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