Deel announces acquisition of IT provider, Hofy
The acquisition will enable the two providers to consolidate their HR and IT functions.
Deel is set to acquire Hofy to create a “seamless and unified” employee experience for its global client base.
Hofy is a global IT operations, HR and payroll software provider that supplies company devices such as laptops and phones for newly onboarded workers in more than 127 countries.
Deel has relied on the platform for the last two-and-a-half years to manage their remote and globally distributed team consisting of over 4,000 employees.
The company believes the acquisition of Hofy will help drive its growth as it is widely used worldwide.
“In our experience as both a customer and partner of Hofy, we were so impressed with their global scale, expertise and customer service that we decided to join forces officially,” Deel said.
Deel aims to build a comprehensive IT suite, ‘Deel IT’, which would offer end-to-end IT tools and solutions, including software provisioning, app access management, integrations with mobile device management and identity tools.
“Customers will be able to see a full view of their IT set-up and will be able to handle complex shipping, procurement and management of devices globally from one platform, with a few clicks.”
Deel said it wants to provide their global customers with “best-in-class” services to further its business position.
“That’s why we’re acquiring Hofy to provide our global customers best-in-class IT services and device lifecycle management, alongside our suite of EOR, global payroll, contractor management, immigration and people management tools,” said Deel.
“It’s another step in our goal to become the most comprehensive HR & payroll platform worldwide.”
Hofy said it is looking forward to the merger of the two companies and believes it makes perfect sense for them to join forces, according to Co-founder and CEO of Hofy Sami Bournemoum.
“Deel is building a simpler, better infrastructure for the future of work. A big part of scaling that infrastructure globally is having the right IT support in place- everything from equipment provisioning to lifecycle management,” he said.
“Hofy and Deel together make perfect sense for companies as they look to consolidate their HR, payroll, and IT stacks into one cutting-edge platform. We’re thrilled to be part of this bold vision.”
According to Deel, the acquisition of Hofy will satisfy customers who have advised what new products and services they need to “help ease pain points” associated with building, scaling and managing global teams.
“We’re thrilled to add this new service to our ever-expanding HR and payroll platform, and we can’t wait for you to try it out.”
