Globalization Partners (G-P) sees $300 million in ARR as part of very successful year.
Globalization Partners (G-P) has reached $300 million in annual recurring revenue (ARR) as the company highlights its significant achievement in 2022.
Research firms Nelson Hall and Everest Group also named G-P an Employer of Record (EOR) industry leader, and the company grew customers by 59% year over year.
G-P is a pioneer in the EOR industry, with strong results driven by its innovative technology, SaaS-based platform, unmatched legal, HR and compliance expertise, and unparalleled partnership network.
More than 400 companies make up the network, the list includes ADP, Paychex and TriNet, among many others.
Additionally, thousands of companies, such as Zoom, TaylorMade and SonicWall, trust G-P to help them expand into new markets and hire talent worldwide.
“G-P’s strong organic growth over the past 12 months is a clear indication that business leaders recognize G-P as the best partner to expand into new markets and help global teams build quickly, compliantly and easily.” ” says Vernon Irwin, Chief Revenue Officer. , GP.
“We are the only EOR provider with over 10 years of experience, and this is reflected in our technology, customer satisfaction and growth.
“We expect growing demand in 2023 as more companies embrace global, remote work.”
G-P is in a solid position to support growth with more than $300 million in cash and equivalents on its balance sheet.
In 2022, G-P was recognized at the top of both the Everest Group and NelsonHall analyst reports.
This recognition recognizes G-P’s vision, market impact and ability to deliver immediate benefits and meet future customer needs.
G-P was also recognized as a Fast Company World-Changing Idea, Top 50 Inspiring Workplace, ADP Partner of the Year and received the Business Intelligence Group Award for Business Product of the Year, among other accolades.
2022 marks a milestone year for the company and includes the launch of a range of new products such as G-P Recruitment and G-P Contractor and the industry’s first Employment Contract Generator.
The generator simplifies employee-friendly contracts, speeding up the hiring process.
Additionally, G-P added new and improved integrations with market-leading HCM providers, applicant tracking systems and payroll providers, as well as advanced features and workflows for best-in-class user experiences.
Additionally, G-P unveiled its new brand identity in 2022, reflecting its mission to break down global business barriers and promote opportunities for everyone, everywhere.
G-P has also grown its leadership over the past 18 months, with experienced executives added to the team to lead the company through its next phase of growth.
The additions include Vernon Irwin as chief revenue officer, Nat Rajesh Natarajan as chief product and strategy officer, Richa Gupta as chief people officer, Simon Nardi as chief financial officer and Heidi Arkinstall as chief marketing officer.
New leadership has accelerated the company’s growth and scale.
G-P’s visionary executive chair, Nicole Sahn, founded G-P and the EOR industry in 2012.
He published his first book, Global Talent Unleashed: An Executive’s Guide to Cooking the World, to share his expertise and help others make the most of human potential.
The book was named to the WSJ bestseller list and continues to serve as a blueprint with case studies and advice for business leaders looking to expand internationally.