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Employment firm Globalization Partners raises $200 million to fund growth

Globalization Partners (G-P), a global employment platform 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.

“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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G-P, which has an approximately $1 billion in Annual Recurring Revenue, will utilize the investment to expand its share of the virtually untapped, $176 billion global remote employment market. The company’s growth in the industry is fueled by an active customer base including CoinDesk, TaylorMade, and Chime and partnership network that includes ADP TotalSource, Kruze Consulting, Global Chamber, London & Partners and others.

Globalization Partners’ new customer acquisition increased two-and-a-half times from 2020 to 2021, including growing by 44% from Q3 to Q4.

“Globalization Partners’ journey in transforming the remote work industry has been truly remarkable. As a customer of G-P, at both Vista and within our broader portfolios, we have witnessed firsthand their best-in-class legal compliance, the quality of the user experience, and the deep expertise and support they provide,” said David Flannery, President of Vista Credit Partners. “VCP is proud to offer capital solutions to founders of innovative software companies. 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.”