Velocity Global  

Denver,  CO 
United States
https://velocityglobal.com/
  • Booth: 1154

Velocity Global is the leading provider of global employment solutions that has changed the way companies expand overseas. With unrivaled expertise in over 185 countries, Velocity Global delivers end-to-end services and best-in-class support, helping companies confidently navigate the entire lifecycle of international business. 

 

To ensure a compliant, efficient, and flexible international expansion, Velocity Global provides a full suite of services, including International PEO, Entity Setup & Support, Global Talent Acquisition, Global Immigration, Global Payroll, and Global Consulting. Through its International PEO solution, companies can enter new markets up to 90% faster while reducing global expansion costs by up to 60%.


 Press Releases

  • Denver, CO – August 15, 2019Velocity Global, the leading provider of global expansion solutions, announced today that it ranked number 185 on the 2019 Inc. 5000, the most prestigious selection of America’s fastest-growing private companies. 

     

    This is the second year in a row that Velocity Global is featured on the Inc. 5000. To achieve its 2019 recognition, Velocity Global showcased an impressive three-year growth rate of 2,112% and revenue of over $85 million. Additionally, the company grew its team to over 130 employees across 10 international offices, including its headquarters in Denver, Colorado. In 2018, Velocity Global ranked #4 on the list, with an astounding 39,817% three-year growth rate with revenue topping $50 million in its first year of eligibility.

     

    “Securing a top-five ranking in 2018 was a dream,” said Ben Wright, CEO of Velocity Global. “But to make the top 200 for two consecutive years is something I never would’ve imagined when I started Velocity Global five years ago.” 

     

    Not only are the companies on the 2019 Inc. 5000 very competitive within their markets, but also show staggering growth when compared to prior years. The 2019 Inc. 5000 achieved a three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

     

    “The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. Editor in Chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

     

    Wright dedicates Velocity Global’s impressive year-over-year growth to his team and their clients. “I am so proud of the immense growth we’ve accomplished in such a short amount of time,” Wright says. “Without the family that we’ve created here—and the clients who have trusted us—our success wouldn’t be possible.”

     

    The top 500 companies on the Inc. 5000, including Velocity Global, are featured in the September issue of Inc. Magazine, available on newsstands August 20. Companies are also spotlighted at inc.com/inc5000. 

    About Velocity Global

    Velocity Global is the leading provider of global employment solutions that has reinvented the way companies expand overseas. With unrivaled expertise in over 185 countries, Velocity Global delivers end-to-end services and best-in-class support to help companies confidently navigate the entire lifecycle of international business. To ensure a compliant, efficient, and flexible international expansion, Velocity Global provides a comprehensive suite of global services that includes International PEO, Entity Setup and Support, Global Talent Acquisition, Immigration, and Consulting. 

     

    Visit VelocityGlobal.com to learn more or follow us on Twitter @Velocity_Global.


    Media Contact:
    Dani Row
    PR Manager
    DaniRow@VelocityGlobal.com
    +1 913-961-5578
  • Denver, CO – April 24, 2019 - More than three in four U.S. technology businesses are planning to expand overseas, with many doing so to access top global talent, according to a survey* from Velocity Global, the leading provider of global business expansion solutions.

     

    The company surveyed senior decision-makers from 500 U.S. and 500 UK tech companies of varying sizes for The State of Global Expansion 2019 report, revealing a sector of ambitious businesses looking to uncover growth in foreign markets.

     

    The findings revealed that 85% of firms said they were planning to expand their services into new international markets, with many hoping to do so in the near future. Currently, more than half (54%) of the companies surveyed said they operate in the U.S. only, but this is expected to fall to just 22% by the end of 2019.

     

    Almost half (45%) of businesses said their expansion plans were driven by a desire to recruit the best tech talent overseas. Of these firms, Europe (23%), and Asia (23%) are seen as key destinations to bring in new skills, though just 7% view Latin America as a promising market for the right recruits.

     

    China, Japan, India, South Korea, Hong Kong, the UK, Germany, and France were among those named as markets being considered to capitalize on pools of talented workers.

     

    Ben Wright, CEO of Velocity Global said, “The survey provides a fascinating snapshot of the way U.S. tech firms are feeling about their global ambitions. It reveals an outward-looking sector that has the confidence to pursue growth internationally and recognizes these companies understand the benefits that global expansion can bring to businesses.”  

     

    “Crucially, the businesses we polled recognize that when it comes to tech, people are everything,” Wright continued. “Many of them are expanding overseas not just because U.S. tech carries with it a reputation for innovation and excellence, but also because they want to ensure they have a presence in markets with the brightest talent.”

     

    Although the research revealed confidence and ambition among American tech businesses, it also uncovered a cautious outlook among some firms in the sector.

     

    When asked about global expansion, 46% cited recruitment as a major challenge, ahead of managing employee immigration (39%), managing unfamiliar payroll processes (30%), finding expert consultancy (30%), and communicating with clients over long distances (27%).

     

    Meanwhile, of the 15% of tech businesses that said they were not planning to expand, almost half (49%) said seeking to expand globally is too risky.

     

    Wright added, “It’s understandable that some businesses continue to have reservations about taking those first steps into unfamiliar overseas markets. Yet more often than not, the myriad opportunities outweigh the risks. And with the right advice and an expert partner on hand to simplify processes, it can be hugely rewarding and the route to future growth.”

     

    To read The State of Global Expansion 2019 report in its entirety, please visit VelocityGlobal.com

     

    *Censuswide surveyed 1,000 U.S. and UK tech businesses (IT, software, hardware, and SaaS) on behalf of Velocity Global in March 2019.

     

    About Velocity Global:

    Velocity Global is the leading provider of global employment solutions that has reinvented the way companies expand overseas. With unrivaled expertise in over 185 countries, Velocity Global delivers end-to-end services and best-in-class support to help companies confidently navigate the entire lifecycle of international business. To ensure a compliant, efficient, and flexible international expansion, Velocity Global provides a comprehensive suite of global services that includes International PEO, Entity Setup and Support, Global Talent Acquisition, Immigration, and Consulting. 


    Visit VelocityGlobal.com to learn more or follow us on Twitter @Velocity_Global.

 Products

  • International PEO
    With International PEO, Velocity Global utilizes its global infrastructure and locally-compliant employment contracts to hire your employees, and becomes their legal Employer of Record—so you can focus on running your business.

    ...

  • International PEO allows for:

    • Fast market entry to get you up and running in a new country in as little as 48 hours
    • Cost savings of 60% when compared to establishing a foreign entity and ongoing maintenance costs in-country
    • Risk mitigation by ensuring your company, intellectual property, and employees are protected
    • Streamlined process with a provider that manages compliance, payroll, and benefits, simplifying your international invoicing
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