Globalization Partners, the Leading Global Employment Platform, Raises $200 Million to Fund Continued Growth
Great to see AustCham Korea’s member, Globalization Partners, receive such a well deserved investment!
Globalization Partners, (“G-P” or “the Company”) the leading global employment platform that simplifies remote team building by making it fast and easy for companies to hire anyone, anywhere, within minutes, announced that it has received a $200 million investment from Vista Credit Partners (“VCP”), a subsidiary of Vista Equity Partners (“Vista”) and strategic credit and financing partner focused on the enterprise software, data and technology markets. The investment values Globalization Partners at $4.2 billion.
As the market and technology leader with approximately $1 billion in Annual Recurring Revenue, G-P will utilize the investment to expand its dominant share of the virtually untapped, $176 billion global remote employment market. The Company’s growth in the industry is fuelled by an active customer base including CoinDesk, TaylorMade and Chime and an unrivalled partnership network that includes ADP TotalSource®, Kruze Consulting, Global Chamber®, London & Partners and others. Globalization Partners’ new customer acquisition increased 2.5 times from 2020 to 2021, including growing by 44 percent from Q3 to Q4.
“Over the past decade, we have invested hundreds of millions of dollars in our business, building our global presence and technology platform to support the evolving and complex talent needs of growing companies,” said Bob Cahill, President of Globalization Partners. “With Vista as our investment partner, we will be able to drive further growth and continue building innovative products to meet the increasing needs of our customers at scale.”
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