Today, we’re sharing that we’ve sold our enterprise payroll division to Deel, the all-in-one payroll and HR platform for global teams. This team specializes in serving enterprise customers, and under Deel’s guidance, they will continue to provide best-in-class payroll solutions on a global scale.
By divesting our enterprise payroll division, we can concentrate on what we do best — serving small and medium-sized businesses (SMB) — while Deel ensures enterprise payroll needs are met. This focus allows us to dedicate our resources, expertise, and innovation to the SMB and midmarket segment, delivering specialized solutions tailored to their unique requirements.
Safeguard Global Founder and CEO Bjorn Reynolds commented, “In 2008, we started Safeguard as a global payroll company. We are proud of the market-leading business we built, enabling us to expand our offerings into other areas, such as EOR; recruiting; HR, benefits, accounting, legal, and tax services; and contractor management. These solutions bolstered our ability to offer strategic and tactical solutions to organizations looking to expand into new geographies and help them mature in those countries. They have become our focus in recent years.”
Reynolds continued, “Over time, though, it became clear that Safeguard Global’s core business and the payroll division have two fundamentally different customers and requirements for growth. Today’s sale enables both Safeguard Global and the payroll division to grow without constraints. With Deel, the enterprise payroll team will have even more opportunities to attract new enterprise customers and grow current ones. In many ways, this is a bittersweet day as we say goodbye to the Guardians who got us where we are today. We are excited, however, for their opportunity to join Deel and continue their focus on the enterprise payroll market.”
What we announced today
This transaction applies only to our enterprise payroll division. The enterprise payroll solutions team is joining Deel effective today, March 11, 2025, adding their know-how on global payroll and enterprise implementation projects.
With this sale, we at Safeguard Global are now fully concentrating our efforts on global workforce enablement for SMBs, with a breadth of solutions unmatched by competitors: EOR; recruiting; HR, benefits, accounting, legal, and tax services; and contractor management.
Why this matters to our customers
Our unique expertise is even more valuable when we focus it on the small and medium-sized organizations that need us the most. For them, we enable global expansion without the risk with a “human when it matters” approach to technology, HR solutions, and trusted guidance. These customers appreciate and need our deep understanding of the complexities of global expansion but prefer a more personalized approach to payroll processing. An enterprise payroll solution may not meet the needs of these SMBs, which pride themselves on their lean and agile operations. This is why we’ll continue to offer our international payroll solution to the market through an agreement with Deel, who will become one of our vendors.
What customers can expect going forward
For the majority of our customers, nothing changes.
- If you rely on us for EOR; recruiting; HR, benefits, accounting, legal, and tax services; and contractor management, we welcome the opportunity to continue serving you the way we always have.
- If you rely on us for international payroll solutions, we also welcome the opportunity to continue serving you in the exact same way you’ve come to rely on and trust.
If you rely on us for our enterprise payroll solution, today marks the beginning of your new relationship with Deel, powered by the payroll division colleagues you’ve been working with. These experts, with decades of unrivaled global enterprise payroll knowledge, will continue to serve you. We appreciate the trust you put in us and know you’ll experience the same level of care and expertise through your work with Deel.
And if you aren’t a Safeguard Global customer yet, we invite you explore all the solutions and expertise we can bring to a new relationship with you as you explore your global expansion opportunities.