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Globalization Partners Reach $1 Billion At 2021

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Globalization Partners, which simplifies international remote team building by simply making it fast and easy for businesses to engage anybody, anywhere within a few minutes via its SaaS international Employer of Record (EOR) solution, today announced that just almost halfway into 2021, it’s already on track to meet up with its forecasted 2021 brand new customer purchase objective by 130 percent and likewise exceed its initial income projections.    

The business’s dramatic development reflects the demand for high-quality, scalable, worldwide remote work solutions in a business environment that has quickly shifted towards a “remote-first” work culture. Globalization Partners is reporting record-breaking results with an upwards revised financial forecast greater than USD$1 billion dollars in annualized recurring revenue (ARR) by the conclusion of 2021. To accelerate even beyond this unprecedented growth, the organization is working to dramatically increase capability, and capitalize further on its market-leading position in what industry professionals call a trillion-dollar remote work industry.

During the onset of 2021, Globalization Partners planned to hire 300 brand new employees over the course of the entire year. Now, the business is upgrading that initial projection to 150 internal employees per month in the last half of 2021 and beyond, while keeping its dedication to customers by ensuring a continued 97 percent customer satisfaction rating.

“The pandemic proved global remote teams will be the method of the long run and organizations increasingly wish to hire great talent anywhere they could find it,” stated Nicole Sahin, CEO, and Founder, Globalization Partners. “We have built a legally compliant SaaS international Employer of Record platform that offers anyone the ability to hire great skill anywhere within seconds without developing subsidiaries. Organizations are looking at us simply because they understand they are able to trust the caliber of our world-class platform and exemplary support team to support their international remote workforce.”

“Remote working is becoming a trillion-dollar industry, and in less than ten years, 50 percent for the western workforce is permanently remote,” said Liam Martin, Co-Founder, operating Remote. “The Employer of Record industry will provide the framework for the global workforce for the future because it offers businesses the freedom to hire talent anywhere and also the capability to handle payroll internationally because of their groups.”

Strong Q1 Results

The following metrics highlight record-breaking results:

  • Excellent ARR growth: Globalization Partners obtained 50 % increase YoY (Q1/Q1) in ARR between Q1 2020 and Q1 2021.
  • Rapid customer development: Globalization Partners saw a 150 % increase YoY (Q1/Q1) into the number of new customers obtained, with rapid adoption in the Americas, EMEA, and Asia Pacific areas.
  • Success with lovers:  Leading organizations in the HCM room have actually plumped for Globalization Partners as their key partner with completely incorporated APIs, solidifying Globalization Partners’ place once the frontrunner within the global remote work technology industry.

Globalization Partners and Activpayroll Unite to greatly help Companies Enter New Markets Fast

 Globalization Partners, which enables businesses to engage anybody, anywhere, easily and quickly, via its AI-driven, automated, and compliant global Employer of Record (EOR) platform today announced its partnership with activpayroll, the key provider of integrated worldwide and domestic payroll solutions. Together, they have been helping companies open up brand new market opportunities by allowing them to navigate the complexities connected with international hiring in today’s increasingly mobile world.

The job from anywhere trend due to COVID-19 has resulted in a change that includes brought about a string of both compliance challenges and opportunities for companies. Benefits, employment tax, contractors, and payroll outsourcing are but a few of the areas which are poised for regulatory change in the short term. To address these challenges, Globalization Partners and activpayroll attended together to deliver a joint solution enabling organizations to engage the skill they need around the globe quickly and compliantly through Globalization Partners’ international Employer of Record Platform and activpayroll’s global flexibility solutions supplying businesses with everything they need to make the most of worldwide possibilities now.

“activpayroll is an established and respected global payroll provider and also this partnership will enable companies to take full benefit of the opportunity that employing international remote talent brings,” said Nick Adams, Vice President, EMEA, Globalization Partners. “Together we can fully support our clients on the expansion journey with your unbeatable mix of solutions and expertise.”

Graham McKechnie, Global Tax Director at activpayroll said “One of the very most significant challenges our customers face is having the appropriate infrastructure in place to facilitate payroll internationally when seeking to conduct business in a brand new region for the first time. Globalization Partners aligns strategically with this customers’ global payroll demands since as an EOR, it offers the right contemporary solution to a normal completely managed outsourced payroll.”