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New company lands on Cramer’s radar

(Click for video linked to a searchable transcript of this Mad Money segment)

Jim Cramer is a big believer in the cloud. And now that this new cloud company has come public, he couldn't wait to talk with its CEO.

The company is TriNet, a firm that provides products, services and software to simplify the HR needs of small and medium-sized companies.

Cramer thinks the opportunity is enormous.

Chris Sattlberger | The Image Bank | Getty Images

"Small and medium businesses spend $90 billion a year on human resource services, and they can save a lot of money by outsourcing," he explained.

"I believe in growth with predictable profitability. We have exceptional cash flow and we will grow consistently over many years to come," added TriNet CEO Burton Goldfield during an interview on "Mad Money."

Although the company competes with Paychex, Insperity, ADP and other established firms, Cramer thinks TriNet may have a unique edge.

"TriNet offers a bundled solution. In other words, they can handle all of their clients HR needs, which in turn eliminates the need for many different vendors."

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Shares surged on the first day of trade, and Cramer never advocates chasing a stock, however, he does think TriNet belongs on your radar.

"Unlike many of the cloud companies that have recently come public, TriNet is a real company with real profits, and a legitimate valuation based on earnings, not sales," Cramer said.

Call Cramer: 1-800-743-CNBC

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