2 minute read | March.01.2024
Global payroll & HR company Deel has acquired Germany-based people enablement platform Zavvy.
An Orrick team in Germany and the United States advised Deel.
Deel is an all-in-one HR solution for global teams. It helps companies simplify every aspect of managing an international workforce, from culture and onboarding to local payroll, compliance and now, people management.
It owns 130+ country entities and manages in-house, in-country payroll teams, in addition to offering Employer of Record, contractor, immigration and HRIS services worldwide.
Founded in 2021, Munich-based Zavvy is a people-enablement platform. It offers a central hub that covers career development, performance management and training programs.
One of Zavvy’s differentiators is its embedded AI technology that makes suggestions for managers to assess team performance and create personalized career development plans.
With Zavvy, HR leaders can run performance and compensation analysis for top performers, provide a library of AI-backed L&D courses and create bespoke career paths and planning modules for their teams. These capabilities will be integrated into a new product suite called Deel Engage that will cost $20 per user per month.
“Deel is all about helping companies get the best out of their global teams, and Zavvy’s AI technology is at the forefront of people management and talent development,” said Deel co-founder and CEO Alex Bouaziz. “It’s a perfect fit - our customers are looking for a one-stop-shop for all things HR, and Zavvy’s people management tools now fill in that missing piece of our global HR offering.”
The cross-practice Orrick team that advised Deel included members in Düsseldorf, Germany, as well as U.S. states such as California, New York and West Virginia.
Justin Yi, Carsten Bernauer, Stefan Renner, Kjell Tönjes, Sojin Kim and Marley Brison led a team that included Michael Wiesner, SeoJung Park, Robert Weinhold, Carsten Engelings, Matthew Coleman, Daniel Healow, Marianna Karapetyan, Sharon Zhou, Josh Pollick and Andy Bloom.