MOVE Guides acquires Polaris Global Mobility
After raising $48 million in 2017 to tap into the growing needs of businesses to handle their global workforces, MOVE Guides in February 2018 announced the acquisition of Polaris Global Mobility, in order to expand its footprint in the market and the services it offers to customers.
Polaris works with large enterprises to build software to manage expat programs and payroll.
With the acquisition, MOVE Guides will now be able to offer more after-move services such as tax and payroll to expats and global workers.
Kennedy said MOVE Guides is not currently raising capital in the near term, although it has raised around $90 million to date. Financial terms of the deal were not disclosed.