Deel Acquires Hofy

Deel has acquired UK-based Hofy, a device lifecycle management and global IT services provider, in a deal reported to be slightly over $100 million. The acquisition integrates Hofy's ~120 employees into Deel and enables Deel to launch 'Deel IT'—bringing end-to-end global device supply, provisioning and lifecycle management in-house to expand its HR and payroll platform capabilities.