Safeguard Global announced Jan. 26 the acquisition of Global Upside.
The deal will strengthen the company's ability to recruit, hire, pay and set up operations in any location worldwide, according to a press released published by Business Wire.
“The team at Global Upside built an amazing company with complementary solutions to ours,” Safeguard Global CEO and founder Bjorn Reynolds said in the release. “Adding entity setup to our portfolio bridges a critical gap that allows us to partner with clients seamlessly as their business needs evolve. This makes us unique because we are the only company to offer clients the technology and resources to grow compliantly with one single partner. We help them hire workers of any classification in new markets, set up their own in-country entities to directly hire when the time is right, and centralize global payroll when operating in multiple markets around the world.”
The acquisition will also prioritize the improvement of the workforce management technology platform, Global Unity, according to the release.
Safeguard Global plans to expand operations across Latin America, Eastern Europe, Africa, and Asia, the release stated.
“The future of work is about creating 'Work in Any Way' experiences, which diversify not just where but how and when companies grow and people work,” Reynolds said. “Safeguard Global’s solutions and technology enable flexibility in how companies expand their businesses and the types of work experiences they provide. That's a competitive advantage. Acquiring Global Upside provides us with more scale, support and capability to lead our clients and our industry through the future of work.”
Safeguard Global creates workforce management solutions for companies through avenues such as management of employees, payroll, onboarding, recruiting and expense management, the release stated.