Software Provider Globalization Partners Gets Vista Equity Backing at $4.2 Billion Valuation

Globalization Partners, a software provider that helps businesses streamline the process of hiring employees internationally, has landed new backing from Vista Equity Partners that values the company at $4.2 billion.

Boston-based Globalization Partners helps businesses outsource tasks associated with hiring people abroad, including tax, legal, accounting and administrative duties, through artificial intelligence-powered software. The company said it experienced a boom in business due partly to the movement of global workforces throughout the Covid-19 pandemic.