MENLO PARK, Calif., Feb. 24, 2016 (GLOBE NEWSWIRE) -- Globality (www.globality.com) announced today the addition of three new board members: Juliet de Baubigny, Senior Partner at Kleiner Perkins Caufield & Byers; Mark Hurd, CEO at Oracle Corporation; and Mark Vorsatz, Managing Director and CEO at Andersen Tax.
“The composition of the Globality board speaks to the importance of our mission to build a new ecosystem for cross-border trade that will drive the benefits of globalization and technology deeper into the world’s economies,” said Joel Hyatt, Chairman, CEO and co-founder of Globality. “Globality’s board is uniquely qualified to help our management team achieve its ambition – making sure that globalization works for more than just large multinational corporations by enabling SMEs to become ‘micro-multinationals’ and full players in the global economy.”
Technology now gives small and medium-sized enterprises (SMEs) the opportunity to be competitive in the global market, yet only 1% of U.S. SMEs export to another country1. Today, the top 1% of companies – comprised of large multinationals – accounts for 90% of U.S. services trade internationally2.
“Connecting businesses to opportunity, which in turn creates good jobs, is a proposition I’ve believed in and worked for my entire career,” said Juliet de Baubigny, Senior Partner at Kleiner Perkins Caufield & Byers. “I look forward to Globality coming out of stealth mode and to helping it scale successfully.”
“Globality is seizing an incredible opportunity to enable SMEs to do business around the globe,” said Mark Vorsatz, Managing Director and CEO at Andersen Tax. “The challenges of conducting meaningful cross-border business are immense, and Globality will be addressing a clear market need with a great solution.”
De Baubigny, Hurd and Vorsatz join existing board members John R. Joyce, Vice Chairman and CFO of Kony and former CFO of IBM; Ron Johnson, CEO of Enjoy and former Apple SVP; Lior Delgo, Globality’s co-founder and President; and Joel Hyatt. Bob Gunderson, Managing Partner at Gunderson Dettmer, serves as counsel to the company and secretary to the board.
Globality raised $10 million in seed funding last year from a group of 14 private investors.
Globality was co-founded in 2015 by Joel Hyatt and Lior Delgo to build a new ecosystem for global trade. The company is in stealth mode as it develops its platform. Globality is based in Menlo Park, California. www.globality.com
1 A. Bernard, J. B. Jensen, “Importers, Exporters and Multinationals: A Portrait of Firms in the U.S. that Trade Goods” in Producer Dynamics: New Evidence from Micro Data, University of Chicago Press, https://ideas.repec.org/h/nbr/nberch/0500.html.
2 U.S. Department of Commerce, “Opportunities for U.S. Small and Medium Businesses in the China Market,” http://www.amcham-shanghai.org/ftpuploadfiles/Publications/Viewpoint/Viewpoint_Opportunities_for_SMEs.pdf
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