Velocity Global
Classification
Private
About
About
Velocity Global is a provider of global HR solutions designed to help businesses expand internationally and manage distributed teams efficiently. The company's comprehensive platform allows clients to hire, pay, and manage employees worldwide, ensuring compliance with local laws and regulations. Velocity Global supports companies in navigating the complexities of global workforce management, providing expertise and technology to streamline international operations. Product Breakdown Employer of Record (EOR): This service enables businesses to hire employees globally without the need to establish a legal entity in each country. Velocity Global handles all legal, tax, and compliance requirements, ensuring smooth onboarding and management of international talent. Multi-Country Payroll: Velocity Global offers a centralized payroll solution that ensures accurate and compliant payment to employees across multiple countries. This service simplifies the complexities of global payroll management, allowing businesses to pay their workforce efficiently and on time. Global Benefits: The company provides comprehensive medical, life, and AD&D benefits tailored to the needs of a global workforce. These benefits packages help businesses attract and retain top talent by offering competitive perks. Global Immigration: Velocity Global facilitates the relocation and visa processes for employees moving across borders. This service ensures a seamless transition for international hires, making it easier for businesses to mobilize talent globally. International Pensions: The company offers flexible retirement plans that cater to the diverse needs of a global workforce, helping employees save for their future regardless of their location. Global Equity Program: Velocity Global provides compliant and transparent equity programs, enabling businesses to reward their employees with ownership stakes while minimizing legal and regulatory risks. Flexible Office Space: Through partnerships, Velocity Global offers on-demand workspaces, providing flexible office solutions that meet the needs of remote and distributed teams.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private