Globalization Partners, a global employment platform that simplifies remote team building by making it fast and easy for companies to hire anyone, anywhere, has received a $200 million investment from Vista Credit Partners, a subsidiary of Vista Equity Partners 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, Globalization Partners will use the investment to expand its share of the untapped $176 billion global remote employment market.
The company’s growth is fueled by an active customer base including CoinDesk, TaylorMade and Chime and a partnership network that includes ADP TotalSource, Kruze Consulting, Global Chamber, London & Partners and others. Globalization Partners’ customer acquisition increased 2.5 times from 2020 to 2021, including growing by 44 percent from Q3 to Q4.
“Globalization Partners is uniquely positioned to capitalize on the massive opportunity we see ahead of us,” said Nicole Sahin, CEO founder of Globalization Partners. “We pioneered this space and offer the most comprehensive and compliant solution available, combining best-in-class technology and AI, with a global team of HR, legal and customer service experts who understand the local customs, regulatory and legal requirements in each geography we serve.”