NetSuite has entered into a definitive agreement to acquire TribeHR, a provider of Human Capital Management (HCM) solutions. The terms of the acquisition were not disclosed.

Founded in 2009, TribeHR is a SuiteCloud Developer Network (SDN) provider with headquarters in Waterloo, Ontario, Canada, and more than 450 customers operating in more than 50 countries around the world, according to NetSuite.

TribeHR joined the NetSuite SuiteCloud Developer Network (SDN) in 2013. TribeHR also complements NetSuite’s existing payroll product, NetSuite Premier Payroll Service.

[Image courtesy: NetSuite]