Globalization Partners Set To Achieve US$750 Million In Annual Recurring Revenue

The Employer of Record (EOR) platform, Globalization Partners has recorded a 70 percent year-on-year (YoY) customer growth and a record number of net new sales. The company will reach US$750 million in annual recurring revenue due to the unprecedented demand in 2021.

Globalization Partners’ Chief Revenue Officer, Diane Albano said the company has witnessed the progression of remote working leap forward 10 or 15 years in the past year.

“In 2021, we have signed many key partnerships, like Zegal, multiple SMBs and enterprise customers, and have grown both revenue and our employee base. Reports suggest that more than 70 percent of employees want to maintain at least some degree of remote work in the future,” Globalization Partners’ Asia Pacific (APAC) General Manager, Charles Ferguson said. 

The company has doubled the internal global employee headcount in 2020 and plans to double the workforce by the end of this year to 600 employees.

Additionally, the platform plans to expand the team by 50 percent and hire business development employees in Singapore and Malaysia as well as partner development leadership in Australia and South Korea.

JobStreet’s Malaysia Survey Report showed that 67 percent of companies that are still operating during the Covid-19 outbreak required their staff to work from home.

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