Today, Sixth Street Growth, the growth investment division of the large international investment firm Sixth Street, announced a partnership with Atlas, an industry-leading provider of employer of record solutions and technologies. To aid Atlas’ ongoing international expansion, Sixth Street Growth will contribute up to $200 million in strategic stock.
The Direct Employer of Record concept was invented by Atlas and is now used by businesses in more than 160 nations. Atlas designed its technology with the express goal of assisting its clients in adhering to international employment laws and regulations. Atlas is able to serve businesses with global goals and give them the flexibility to hire and manage the best talent throughout the world thanks to cutting-edge technology and local, hands-on knowledge.
“The future of work is cross-border and cross-cultural”, “Atlas enables businesses to seize the opportunity to be competitive, flexible and limitless. This latest investment from Sixth Street will allow us to continue to serve our customers’ needs by providing the most efficient and innovative ways to expand into new… markets, talent onboarding, non-compliance risk management and international pay.”
Rick Hammell , founder and CEO of Atlas
With the enhanced self-service and automation capabilities made possible by today’s investment, customers will have more flexibility and businesses will be able to scale more quickly regardless of the number of staff they hire. Additionally, funds will enable real-time customer care in the area and software localization. These software platform upgrades came after Atlas was named a leader in the NelsonHall Vendor Evaluation and Assessment Tool (NEAT) report’s most recent Enabling Technology and Global EOR Services categories.
Nari Ansari, Managing Director at Sixth Street Growth, will join Atlas’ Board of Directors as a result of this investment.
Atlas is one of the most inventive businesses, according to Ansari, and it assists employers from all sectors in navigating the complicated dynamics of the global labour market. We are eager to collaborate with Rick and the Atlas team on their upcoming phase of growth.
Atlas acquired its first investment from Guidepost Growth Equity, a renowned private equity group specialising in high-development technology firms, after seeing exponential growth over the previous two years. The company accelerated growth with this first institutional capital raising by bringing on more talent for its worldwide staff and extending its HR product line, which ultimately led to the release of the Atlas platform.
“We are pleased to continue our partnership with the Atlas team and to work with Sixth Street to support the company’s growth plans,”
Chris Cavanagh , general partner at Guidepost Growth Equity