Companies combine to accelerate the development of product, service and technology offerings and bolster in-market expertise
AUSTIN, TX – April 30, 2019 – Safeguard Global, a world leader in driving long-term growth through constant innovation of global workforce deployment for businesses, today announced it has agreed to acquire Europe-based WorkFor Group, which includes WorkFor, an employment outsourcing capability, and AdminMe, a global payroll processing capability. The acquisition will combine Safeguard Global’s best-in-class payroll and employment outsourcing services with a number of WorkFor and AdminMe products and technologies, including enablement processes for expansion, gross-to-net engines in a variety of countries, time and attendance and payroll/workflow capabilities, as well as key talent across Europe.
Many companies’ expansion and growth has been stunted by trying to manage human capital assets — from finding and deploying talent, to adhering to legal and taxation compliance, to paying them on time. Safeguard Global, WorkFor and AdminMe will join forces to further solve these challenges by providing global workforce deployment products and technologies that mitigate risks, automate processes, and empower business to globally grow and scale in a timely, compliant way.
“Exponential technological advancement has made global markets accessible to businesses of all sizes,” said Bjorn Reynolds, Founder and CEO of Safeguard Global. “If you’re not thinking about expanding your business internationally, you’re probably behind. For more than 10 years, Safeguard Global has been empowering companies to scale, grow and thrive globally. That’s why this acquisition is so exciting for us — it allows us to take a giant leap forward in our vision for advancing the way multinational companies manage human capital assets, while deepening our in-market expertise in the European market and delivering an even higher level of customer service moving forward.”
“Our mission has been simple — to help businesses expand internationally worry-free,” said Pablo Contreras, CEO of WorkFor Group. “We are thrilled to be combining forces and expertise with Safeguard Global to help even more multinational businesses to grow and thrive within the European market and beyond.”
The acquisition closed on April 25, 2019. Terms of the deal are not being disclosed. WorkFor and AdminMe are companies of Adm In Staff, SA, also known as the WorkFor Group, headquartered in Sion, Switzerland.