iWorkGlobal Is Sold to Velocity Global

Technology & Services

iWorkGlobal, a subsidiary of Nelson, sale to Velocity Global


Summary

iWorkGlobal, a subsidiary of the Nelson Family of Companies (“Nelson”), was recently sold to Velocity Global, LLC (“Velocity Global”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to iWorkGlobal on this transaction.

About

iWorkGlobal and its team of experienced industry experts are an authority in global workforce management. Providing its services in more than 170 countries, iWorkGlobal helps companies to hire, manage and pay talent easily and compliantly. These services are combined with iWorkGlobal’s proprietary and award-winning online platform, MyVista, which allows businesses to manage their contingent workforce all from one simple dashboard.

Nelson Family of Companies is a family-owned firm headquartered in Sonoma, California that operates throughout California and other major U.S. metro markets. For over 50 years, Nelson has been a trusted workforce solutions firm that helps organizations build efficient, productive teams across the enterprise through scalable staffing and recruiting programs.

Velocity Global accelerates the future of work beyond borders. Its platform enables businesses to employ remote teams and expand internationally through global expertise, best-in-breed technology, and scale. More than 700 brands rely on its Employer of Record model and infrastructure in 185 countries and all 50 United States to compliantly employ thousands of supported employees, access global talent, and grow revenue. Named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall, Velocity Global is a strategic partner to its clients through additional comprehensive services including Immigration, Independent Contractor Compliance to assess a workforce, and Agent of Record (AoR) to streamline payments to contractors globally. Founded in 2014, the company is headquartered in Denver, Colorado, with regional headquarters in Amsterdam, Bogotá, and Singapore, with local employees in 16 countries.
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Technology & Services

iWorkGlobal, a subsidiary of Nelson, sale to Velocity Global

Date
April 2021
Company
iWorkGlobal
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Human Capital Technology & Solutions
Target Location
North America
Acquiror Location
North America

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