PR97860

CHICAGO, Sept. 16, 2022 /PRNewswire=KYODO JBN/ --

-- Global HCM Technology company to invest in scaling its global workforce

management platform to support innovative companies looking for flexible

solutions to navigate the new world of work

Atlas, an industry leader in Employer of Record (EOR) Solutions and Technology,

announced today that it has partnered with Sixth Street Growth, the growth

investing business of global investment firm Sixth Street. Sixth Street Growth

will be making a strategic equity investment of up to $200 million to support

Atlas' continued global expansion.

Logo - https://mma.prnewswire.com/media/1830063/Atlas_Logo.jpg  

Atlas pioneered the Direct Employer of Record model, which is supported by

entities in over 160 countries, and built its technology with the core focus of

helping its clients comply with employment rules and regulations on a global

basis. Leading technology plus local direct experience enables Atlas to support

companies with global ambitions, giving organizations the flexibility to hire

and manage the best talent worldwide through localized expertise complemented

by an enterprise-grade technology platform.

"The future of work thrives across borders and cultures," said Rick Hammell,

Founder and CEO of Atlas. "Atlas is enabling 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 our customers' needs, offering

the most streamlined and innovative ways of expanding into new markets,

onboarding talent, managing the risk of noncompliance, and paying

internationally."

Today's investment will further enhance the Atlas technology platform, offering

more user flexibility through additional self-service and automation features,

which will enable companies to scale faster, regardless of the number of people

they are hiring. The funds will also support software localization and

real-time, in-region customer service support. These software platform

enhancements come after Atlas was named a Leader in the Enabling Technology and

overall Global EOR Services categories in the recent NelsonHall Vendor

Evaluation and Assessment Tool (NEAT) report.

In connection with the investment, Nari Ansari, Managing Director at Sixth

Street Growth, will join Atlas' board of directors.

Ansari commented, "Atlas is one of the most innovative companies helping

employers across industries manage an increasingly complex global workforce

dynamic. We are excited to partner with Rick and the Atlas team in their next

phase of growth."

Atlas, which has grown exponentially over the past two years, received its

initial investment from Guidepost Growth Equity, a leading growth equity firm

focused on high-growth technology companies. With that first institutional

capital raise, the company accelerated growth by adding additional talent to

its global workforce and expanding its suite of HR product offerings,

culminating in the launch of the Atlas platform.

"We are thrilled to continue our partnership with the Atlas team and work with

Sixth Street to support the company's growth plans", said Chris Cavanagh, a

General Partner at Guidepost Growth Equity.

Baird acted as exclusive placement agent and Cooley acted as legal advisor to

Atlas.

About Atlas

Atlas enables innovative companies to compete in a global economy, believing

that businesses should employ whomever they want, wherever the talent exists.

As the largest direct employer of record (EOR) with entities in over 160

countries, Atlas is a technology platform that is supported by experts and

delivers flexibility for companies to expand across borders, onboard talent,

manage compliance, and pay their global workforce without the need for a local

entity.

Atlas was built on years of experience navigating the challenges of quickly

deploying and paying international employees while ensuring compliance with

local regulations. This experience brings localized experience and expertise

into an enterprise-grade technology platform that supports thousands of

companies and remote teams. The Atlas platform is uniquely designed to deliver

end-to-end EOR solutions and empowered user experiences that provide

self-service capabilities and real-time insights that lead to improved business

outcomes. Learn more at atlasHXM.com (

https://c212.net/c/link/?t=0&l=en&o=3649840-2&h=3171426045&u=https%3A%2F%2Fwww.atlashxm.com%2F&a=atlasHXM.com

) or follow Atlas on Linkedin @ Twitter (@Atlas_HXM).

About Sixth Street

Sixth Street is a leading global investment firm with over $60 billion in

assets under management and committed capital. Sixth Street Growth is the

firm's dedicated platform for making private investments in growth companies.

The Sixth Street Growth team partners with companies and management teams to

provide bespoke capital solutions to accelerate organic and inorganic growth.

Sixth Street has invested over $5 billion in more than 40 companies in its

growth investing strategy since inception. Select Sixth Street Growth

investments include Airbnb, AvidXchange, Bloomreach, Datavant, DrFirst,

Gainsight, MDLIVE, Spotify, and Sprinklr. For more information, visit

www.sixthstreetgrowth.com or and follow Sixth Street on LinkedIn (

https://c212.net/c/link/?t=0&l=en&o=3649840-2&h=2879938708&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsixthstreet%2F&a=LinkedIn

), Twitter (@sixthstreetnews (

https://c212.net/c/link/?t=0&l=en&o=3649840-2&h=75817421&u=https%3A%2F%2Ftwitter.com%2Fsixthstreetnews&a=%40sixthstreetnews

), and Instagram (@sixthstreetpartners (

https://c212.net/c/link/?t=0&l=en&o=3649840-2&h=2880040706&u=https%3A%2F%2Fwww.instagram.com%2FSixthStreetPartners%2F&a=%40sixthstreetpartners

).

About Guidepost Growth Equity

Guidepost Growth Equity is a leading growth equity firm that partners with

technology companies offering innovative solutions in large, dynamic markets

including application software and data services and infrastructure software

and tech-enabled services. Current and prior investments include Atlas, Dyn

(acquired by Oracle), Jive Communications (acquired by LogMeIn), Lucid

(acquired by Cint Group AB), Mineral, OutSystems, ProtoLabs (IPO on NYSE), and

WP Engine. Guidepost Growth Equity provides the flexible capital, operational

support, and strategic guidance necessary to support the continued success of

growth-stage businesses and has over $1.6 billion of capital under management.

For more information, please visit our website at guidepostgrowth.com or follow

Guidepost on LinkedIn.

Media Contact:

Courtney Merolle

PR Supervisor

754.715.0747

courtney@bospar.com

SOURCE Atlas