Atlas, an industry leader in Employers of Record (EOR) and Solutions and Technology, announced that it has partnered with Sixth Street Growth, the growth investment firm of the global investment firm Sixth Street.
Sixth Street Growth will make a strategic capital investment of up to $200 million to support Atlas’ continued global expansion, a statement said.
“The future of work thrives across borders and cultures,” said Rick Hammell, founder and CEO of Atlas. “Atlas allows companies to seize the opportunity to be competitive, flexible and borderless. This new investment from Sixth Street will allow us to continue to respond to the needs of our clients, offering them more agile and innovative ways to expand into new markets, recruit talent, manage default risk and pay their employees internationally.
Today’s investment will further enhance the Atlas technology platform, offering more user flexibility through additional self-service and automation features, enabling businesses to scale faster, regardless of the number of people they hire. The funds will also support software localization and real-time customer service support in the region, the statement said.
In connection with the investment, Nari Ansari, Managing Director of Sixth Street Growth, will join the Atlas Board of Directors.
Ansari commented, “Atlas is one of the most innovative companies today in helping companies across all industries manage the increasingly complex dynamics of global workforce management. We are delighted to be partnering with Rick and the Atlas team in its next phase of growth.”
“We are delighted to continue our partnership with the Atlas team and to work with Sixth Street to support the company’s growth plans,” said Chris Cavanagh.
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