By Pete Tiliakos
On January 26, 2022, global managed payroll and employer of record (EoR)
services provider Safeguard Global agreed to acquire global EoR peer Global
Upside. The acquisition is the third since 2019 for Safeguard Global
(“Safeguard”) and the next step to fuel an aggressive five-year growth plan
and vision of supporting the future of work by curating a comprehensive global
workforce and employment platform offering.
The combined firm will serve more than 1,300 multinational client
organizations and expand its global delivery footprint and capability to serve
over 70 countries directly through its owned legal entities, in-country
offices, more than 1,600 employees, and platform technology.
Global Upside brings a robust set of complimenting capabilities to the
Safeguard portfolio. First, it brings legal entity establishment support and
advisory – previously a gap in the Safeguard offering. Global Upside also adds
recruiting, accounting and legal services, further solidifying Safeguard’s
global expansion support offering by widening its portfolio of services.
Safeguard’s Global Unity platform will remain the primary technology for the
combined firm. However, Safeguard will look to accelerate its technology
offering by leveraging the microservices architecture design of Global Unity
to integrate key modules and capabilities of Global Upside’s platform, such as
time and attendance and performance management.
The acquisition also accelerates Safeguard’s country expansion plans. The move
deepens its legal entities and in-country presence in growth geographies
including expanded footprints in East Europe, the Middle East and Africa,
Latin America, and Asia Pacific.
Possibly the most impactful outcome of the acquisition is ...To read
more, visit ISG.
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