British payroll company to hire 400 workers in Austin

Jun 9, 2014
Austin Business Journal

SafeGuard World International Ltd., a British company that relocated to Austin in February, plans to grow its headquarters' headcount to 400 within five years, its CEO said Friday

SafeGuard, a managed payroll and employment outsourcing firm, set up its headquarters near the intersection of Loop 360 and Wild Basin Road and now employ 14 workers. But CEO Bjorn Reynolds said that because the company specializes in customers with payroll in several countries, growing international demand is fueling SafeGuard’s growth

As a result, it plans to employ 60 local workers by the end of the year and 400 in five years

SafeGuard, which was founded in 2008 by Reynolds, also operates an office in Raleigh, North Carolina. The company employs 280 workers globally and has customers in more than 165 countries

The company moved it headquarters to Austin to gather all its executives into one location to position the company for growth, Reynolds said

SafeGuard World is targeting $40 million in revenue this year with 60 percent to 65 percent of its clients based in the United States, Reynolds said

Patrick Goepel, CEO of Austin-based Asure Software Inc., is a SafeGuard World board member and investor. He said the move to Austin is a good one because of Austin’s proximity to so many of Safeguard World’s customers

In addition to the offices in Raleigh and the United Kingdom, it operates offices in India and Mexico City

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