Rippling is a workforce management platform that integrates HR, IT, and finance functions into a single system, aiming to streamline processes such as payroll, benefits administration, and employee onboarding.
Founded in April 2016 by Parker Conrad and Prasanna Sankar, Rippling has experienced significant growth, reaching a valuation of $11.25 billion by May 2022.
Recently, Rippling filed a lawsuit against its competitor Deel, alleging corporate espionage. The lawsuit claims that Deel infiltrated Rippling’s Ireland office by planting an employee who accessed confidential information.
Rippling reportedly used a “honeypot” strategy, creating a fake Slack channel to gather evidence, which led to the discovery of the alleged espionage. Deel has denied these allegations, stating they are attempts to distract from Rippling’s own legal issues.