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.