Global employment platform, Globalization Partners, has received a $200 million investment from Vista Credit Partners (VCP), a subsidiary of Vista Equity Partners. The investment values Globalization Partners at $4.2 billion.
With approximately $1 billion in Annual Recurring Revenue, the software provider will utilise the investment to expand its share of the virtually untapped, $176 billion global remote employment market, according to the official release.
Globalization Partners’ new customer acquisition increased 2.5 times from 2020 to 2021, including growing by 44 per cent from Q3 to Q4. The company’s growth is fueled by an active customer base including CoinDesk, TaylorMade and Chime and the partnership network that includes ADP TotalSource, Kruze Consulting, Global Chamber, London & Partners and others.
‘Globalization Partners is uniquely positioned to capitalize on the massive opportunity we see ahead of us,” said Nicole Sahin, Chief Executive Officer and Founder of Globalization Partners.
‘We look forward to partnering with Nicole and the entire G-P team as they look to further capitalize on the untapped global market and expand their platform to new customers in new markets,’ says said David Flannery, President of Vista Credit Partners.
‘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.’