By Jeanine Crane-Thompson
Safeguard Global acquired Global Upside Corporation, a global expansion, technology, and services company based in San Jose, CA on January 25, 2022.
Global Upside specializes in EOR services, new entity incorporation, human resources, accounting, payroll, and tax & compliance solutions. The country footprint across both organizations is well aligned. This acquisition will add ~500 employees to the existing 1,100 Safeguard Global employees, to create a combined organization comprised of 1,600 employees. Global Upside has been rebranded as Safeguard Global.
Significant to this acquisition will be the ability for Safeguard Global to provide additional services to enrich its EOR offering, specifically adding front-end HR capabilities such as recruitment and in-country entity set-up expertise, to ensure clients are prepared for the future of work. Safeguard Global currently delivers onboarding, in-country compliance, HR technology, and centralized payroll services.
The acquisition of Global Upside positions Safeguard Global as one of the largest providers in terms of revenues in the EOR marketplace. NelsonHall estimates the combined EOR 2021 revenues for both organizations were $65m.
The acquisition of Global Upside supports the Safeguard Global ‘Work in Any Way’ workforce management vision, which considers where, when, and how people work to assure a people-centric, flexible, inclusive, and diverse organizational culture. The complementary service offerings provided by Global Upside will be valuable to organizations when they have determined that a market is suitable for a permanent in-country entity.
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