Globalization Partners value rises to $4.2bn

Globalization Partners, a software provider designed to ease the process of hiring internationally, has seen its value soar during the pandemic. This is partly due to the increase in remote work and the shifting attitudes towards geographically dispersed teams.

The result has been a 70% growth in clients in 2021, and now Globalization Partners has a new valuation. Now the company is valued at $4.2 billion as a result of new backing from Vista Equity Partners.

The backing from Vista Equity Partners amounted to a $200 million convertible preferred equity commitment from its Vista Credit Partners unit.

This is a sharp rise in value from two years ago; a $150 million equity investment in 2020 saw the company valued at more than $500 million.

Nicole Sahin, chief executive officer and founder of Globalization Partners, noted in a blog post how the company has found success in recent years: “Globalization Partners is uniquely positioned to capitalize on the massive opportunity we see ahead of us.

“We pioneered this space and offer the most comprehensive and compliant solution available, combining best-in-class technology and AI [artificial intelligence], 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.”

Continued growth for Globalization Partners

Naturally, Globalization Partners aren’t stopping here and have plenty of plans to further the business in a climate that still demands international hires.

Bob Cahill, president of Globalization Partners, discussed the future: “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.

“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.”

David Flannery, president of Vista Credit Partners, added: “Globalization Partners’ journey in transforming the remote work industry has been truly remarkable.

“As a customer of Globalization Partners, 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.

“VCP is proud to offer capital solutions to founders of innovative software companies. We look forward to partnering with Nicole and the entire Globalization Partners team as they look to further capitalize on the untapped global market and expand their platform to new customers in new markets.”