Remote, a San Francisco, CA-based leader in building, managing, and supporting globally distributed workforces, completed the acquisition of Easop, a NYC-based compliance solution for businesses with international talent to grant and manage equity to their teams across 70+ countries.
The amount of the deal was not disclosed.
The acquisition will enhance the capabilities of the Remote global HR platform to automate compliance for distributed companies.
Founded in 2022 by Valentin Haarscher, Thierry Colsenet, and Naël El Berkani, Easop integrates with cap table platforms like Carta to enable companies to automate and manage compliance for stock ownership plans for their entire workforces.
The company provides:
- The ability to set up and manage stock ownership plans for employees and contractors across the world without the need for slow and expensive external legal counsel
- Country-specific insights on stock option types, taxation, and other relevant regulations, enabling companies to make data-driven decisions that save time and money
- Personalized and localized equity education for employees, including local reporting obligations, learning materials, and tools to track the value of their equity from initial grant to exit scenarios
Easop has raised $3.5M in total funding from investors including Partech Ventures, Boldstart Ventures, Kima Ventures, Cooley LLP and SemperVirens VC.
Founded in 2019 by Job van der Voort and Marcelo Lebre, Remote provides businesses around the world with a platform to hire, manage, and pay their globally distributed workforces, simply and compliantly.
Tens of thousands of companies use Remote to find, hire, manage, and pay talent all over the world, whether as direct employees, contractors, or through Remote as employer of record in countries where they don’t have legal entities. With the integration of the Easop team, Remote customers have access to an expanded range of resources to create competitive compensation packages for global talent – including Easop’s enhanced global equity incentive support; Remote’s Compensation Explorer with global salary benchmarking data; integrated payroll; local health and retirement benefits; relocation services; and more.
The company is backed by investors including SoftBank Vision Fund 2, Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, and B Capital.
FinSMEs
02/04/2024