Globalization Partners to create 160 new jobs in Galway

Move comes after the company closes a $200m investment that values it at $4.2bn

Nicole Sahin, founder and chief executive of Globalization Partners

Nicole Sahin, founder and chief executive of Globalization Partners

 

Globalization Partners is to double the number of employees it has in Galway with the creation of 160 new jobs this year.

The move comes after the company closed a new $200 million (€176.9m) investment from Vista Credit Partners that valued it at $4.2 billion.

The Boston-based recruitment technology company established its European headquarters in Galway in July 2020 with an initial plan to create 100 roles. Once new hires are added headcount at the Irish operation will have hit 320 people.

Founded in 2012, Globalization’s flagship solution allows companies to hire employees throughout the world without having to navigate complex international legal, tax and HR issues.

Globalization Partners’ new customer acquisition increased 2.5 times last year, growing by 44 per cent during the second half of 2021. Overall it has about $1 billion in annual recurring revenue. Customers include Coindesk and Chime.

The company said the new financing would help it further expand its market share of the $176 billion global employment market.

“Globalization Partners is uniquely positioned to capitalise on the massive opportunity we see ahead of us,” said Nicole Sahin, founder and chief executive.

“We pioneered this space and offer the most comprehensive and compliant solution available, combining best-in-class technology and AI with a global team of HR, legal and customer service experts who understand the local customs, regulatory and legal requirements in each geography we serve.”