Safeguard Global, an Austin, Texas-based world leader in driving long-term growth through constant innovation of global workforce deployment for businesses, secured a growth equity investment from Accel-KKR.
The amount of the deal was not disclosed. In addition to the funding, David Cusimano, Principal at Accel-KKR, and Todd La Fever, President and Chief Operating Officer at iSolved HCM, will join the Safeguard Global board of directors.
The company will use the capital to further its innovation and leadership in deploying workforce solutions, including payroll and employment services, as well as to expand its global presence to serve its international customer base.
Led by Bjorn Reynolds, Founder and CEO, Safeguard Global offers products and technologies, including Global Employment Outsourcing (GEO) and Global Managed Payroll (GMP), that allow businesses to grow and scale quickly and efficiently, while ensuring compliance in 179 countries.
The company, which has served more than 300 clients to scale and expand across 179 countries, also has regional service centers in the UK, India, Hungary and Mexico, employing more than 500 people worldwide.