Velocity Global Announces New Financial Metrics; Crosses $200M ARR
- Written by Reporters
Valued at $2B, the global talent solution provider reports significant momentum as the demand for remote-first workplace solutions accelerates
Denver, US - News Direct - 22 March 2023 - Velocity Global, the leading provider of global talent solutions, today announced new financial metrics and corporate momentum to include:- Crossed the $200M ARR threshold.
- More than 40% organic growth YoY.
- Profitable YTD in 2023, as it has been seven of the last nine years.
- Nearly 1,500 customers, including Databricks, Penguin Random House, Linksys, International Justice Mission, Crunchbase, Dragonfly,and Schwans International.
- Enhancements to the employee and employer experience through partnerships with companies like Upflex and strategic integrations with leading HR technologies like BambooHR, Greenhouse, HiBob, and Namely.
- Platform updates including automated quoting and faster, self-service employment contract creation, whichis already helping early customers experience 50% faster onboarding times as well as a forthcoming simplified UI to improve the customer experience.
- Key Technology & Product Hires: Across design, engineering and technology including Winnie Wong, Vice President of Design, Kumar Ramanathan, Vice President of Engineering & Chief Architect, and Chuck Kim, Vice President of Cloud and Corporate Infrastructure.
- Global Expansion: Offering support in more than 185 countries with more than 7,500 supported employees across more than 60 entities around the world. This includes recent additions like Ghana, Egypt, Uruguay, Ukraine, and Argentina, with several more planned for Q2.
- Customers: Velocity Global continues to expand its enterprise clientele with more than a dozen major universities, 50+ global retail brands, dozens of nonprofits including three NGO’s, and thousands of other large companies in every major industry spanning rocket builders to amusement parks to publishers to technology companies to cutting-edge investment firms.
- New Partnerships: With Upflex, whose platform gives people access to 10,000 locations from more than 1,250 providers - including Wework, Industrious, and The Office Group, Velocity Global now has the capabilities to offer non-traditional benefits options for clients and supported employees.
- Industry Analyst Recognition: Velocity Global was named as a leader in NelsonHall’s Vendor Evaluation & Assessment Tool (NEAT) for global employer of record (EoR) services as well as Everest Group’s PEAK Matrix® Assessment 2022 for employer of record (EoR) solutions.
- Integrations: New integrations with Bamboo HR, Greenhouse, HiBob, and Namely to source talent, onboard, and manage the workforce, remove the friction of dealing with multiple systems and data transfers. Most companies already use Applicant Tracking Systems (ATS) and HR Information Systems (HRIS), so by integrating these into Velocity Global’s EoR solution, Global Work Platform, expanding and maintaining a global workforce becomes as easy as a click away.
The issuer is solely responsible for the content of this announcement.
About Velocity Global
Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience—combining cloud-based technology and unmatched human support in 185+ countries. Start hiring across borders at VelocityGlobal.com.
Source https://www.media-outreach.com/news/united-states/2023/03/22/208427/