Here's the data and our rationale for the approaching consolidation in the workforce globalization space.
This analysis is part of our series on 2024 M&A predictions. See all 10 matchups here.
The workforce globalization space is increasingly crowded as the CB Insights ESP vendor matrix below highlights.
Many companies have jumped into the space and have raised hundreds of millions of capital.
But Deel and Rippling are much more highly valued than peers.
Against this backdrop, the other players will have to look for scale and efficiencies given capital will be tight.
Here is where Globalization Partners (GP), Papaya Global, and Remote (and perhaps Velocity Global) might come together to take on Deel and Rippling.
Whether 2 or 3 or 4 combine, consolidation in workforce globalization is inevitable.
Find our next M&A prediction in this series — ADP acquires ChartHop — here.
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