Globalization Partners, the leading employment platform, has confirmed raising fresh funding of $200 million. The company is based in Boston, MA, and uses its platform for simplifying the processes linked to remotely developing organizational teams. The fresh investment has put a valuation of $4.2 billion on Globalization Partners. The funding round was spearheaded by Vista Equity Partners subsidiary entity, Vista Credit Partners.
Globalization Partners will be deploying these funds towards the future expansion of its share in the global remote employment segment, estimated to be worth $176 billion. Globalization Partners is driven by its Founder and Chief Executive Officer, Nicole Sahin, and its President, Bob Cahill. The company offers a platform for global employment requirements, making remote team-building quicker and more convenient. They are making it possible for corporates to hire any employee in any location within a matter of minutes.
The company has achieved annual recurring revenues of $1 billion approximately, while developing an active base of customers. The big names include TaylorMade, CoinDesk, and Chime, along with a network of partnerships that encompasses Kruze Consulting, ADP TotalSource, London & Partners, and Global Chamber.