Globant Explained

Globant S.A.
Type:Public
Key People:Martín Migoya, CEO
Guibert Englebienne, CTO
Martín Umaran, Chief of Staff
Néstor Nocetti, EVP Corp. Affairs
Guillermo Marsicovetere, COO
Alejandro Scannapieco, CFO
Guillermo Willi, CPO
Gustavo Barreiro, CIO
Wanda Weigert, Marketing & Communications Director
Industry:Software Product Development
Products:Software Development
Infrastructure Management
Mobile application development
Social Networks Development
Mainframe Migration
Num Employees:29,150 (2023)
Location:Luxembourg City, Luxembourg[1]

Globant is an IT and software development company operating in Argentina, Colombia, Uruguay, the United Kingdom, Brazil, the United States, Canada, Peru, India, Mexico, Chile, Costa Rica, Ecuador, Spain, France, Germany, Romania, Belarus and Italy.[2] It was formed in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti.[3] It was founded in Buenos Aires, but is currently headquartered in Luxembourg,[4] and principally serves clients in the United States and United Kingdom.

History

In 2003, Globant started operations with its own funded capital.

In 2008, the research company, IDC pointed Globant as one of the growing companies in Latin America in its study "Latin American Predictions 2008".[5] In the same year, Globant acquired Accendra, an Argentine[6] software company with 100 employees, adding operations in Chile and Colombia. In December 2008, Globant closed its third financing round of US$13MM with Riverwood Capital and FTV Capital.[7] It also acquired Openware, an Argentine[8] company specialized in Security & Infrastructure Management.

In 2009, Globant received two teams from the Global Entrepreneurship lab from the MIT, to study M&A strategy and the Globant University Project.

In 2011, Globant acquired San Francisco-based Nextive, a company specializing in the development of mobile applications[9] and Globant's story with Google was showcased by Bloomberg.[10]

In 2012, Globant acquired Brazil-based TerraForum, a company specialized in Innovation and Knowledge Management Consulting, Digital Marketing & Social Media and Software Development.[11]

In 2013, WPP acquired a minority stake in Globant.[12] Globant also acquired 86.25% of Huddle Group, a software company with operations in United States, Argentina and Chile.[13]

In 2014, the company was listed on the New York Stock Exchange.[14] The same year, Globant announced that they will make a Google Play-like dedicated hardware store for Project Ara.

In 2015, Globant acquired Clarice Technologies in May 2015 and expanded its presence in Asia.[15]

In 2017, Globant acquired PointSource,[16] a design and development tech agency specialized in providing digital transformation services across retail, supply chain and insurance industries.[17] Globant acquired another company, Ratio, a leading digital services company specialized on video streaming services.[18]

In 2018, Globant acquired Small Footprint.

In 2019, Globant acquired Avanxo, a leading cloud transformation[19] company with presence in the United States, Brazil, Mexico, Colombia, Peru and Argentina.[20] In August of the same year, Certified Collectibles Group, a collectibles company in Sarasota, Florida, filed a lawsuit in federal court against Globant. The lawsuit is seeking tens of millions of dollars in damages caused by Globant's alleged misconduct in regards to the creation of a new operating system for the collectibles company.[21] In the same year, Globant acquired Belatrix Software, a leading agile product development company, to reinforce its presence in Latin America.[22] [23]

In January 2020, Globant acquires BiLive (Argentina). Later in the year, Globant acquired grupoAssa (Argentina), [24] Xappia, Giant Monkey Robot "GMR" and BlueCap (Spain) companies.

In March 2021, Globant acquired CloudShift (United Kingdom)[25] in May, it acquired Habitant, a European consulting firm.[26] Later, in July it acquired the Spanish firm Walmeric, in October, it opened its development center in the city of San Jose, Costa Rica.

In May 2023, Globant acquired Pentalog, a digital transformation services company. The acquisition was a move to expand its footprint in France.[27]

Recognition

In 2005, Globant was named Endeavor Entrepreneur 2005[28] was recognized as the Best Services Exporter by Export.ar.[29] The Sloan School of Management of the MIT wrote a case about Globant called: "Leading the IT Revolution in Latin America".[30] [31]

In 2007, Globant was recognized as the Top Emerging Global Services Provider, by Global Services Magazine.[32]

In 2008, Globant's team of Globers reached the 1000 professionals. The New York Times included Globant in an article about Argentinian software startups.[33]

In 2010. Globant was awarded with the AlwaysON 250 award for creating technology innovations for the Global Silicon Valley, in the Cloud and Infrastructure Category.[34] It was also named Cool Vendor by Gartner, in the Cool Vendors in Business Process Services 2010 report by Gartner, Inc.[35]

In 2014, FastCompany featured Globant as one of the world's top 10 most innovative companies in South America.[36]

Locations

In 2005, Globant opened its second Development GOV Center in Buenos Aires.

In 2006, Globant opened its development center in the city of Tandil, Argentina.

Globant opened offices in the city of La Plata, Argentina and expanded its operations in the US (Palo Alto). Globant founded Fonalix with BGH, a company that provides voice over internet protocol for small and medium business in Latin America. In 2012, Globant opened its development center in the city of Tucuman, Argentina.

Within India, Globant also has a Bengaluru, Pune, India office in addition to its operations throughout South America, North America and Europe.

Revenue and headcount

Revenue ($)[37] Headcount
201057 million1700
201190 million2250
2012129 million2700
2013158 million3300
2014199.6 million[38] 3775
2015258.3 million[39] 5041
2016322.9 million5855
2017413.4 million[40] 6753
2018522.3 million[41] 8384
2019659.3 million[42] 11855
2020814.1 million[43] 16251
20211,297.1 million[44] 23526
20221,780.2 million[45] 27122
20232,095.9 million[46] 29150

Notes and References

  1. Web site: Globant Investor Relations - FAQs.
  2. Web site: Globant acquires Italian company Sysdata Globant News . 2023-11-08 . Globant . en.
  3. Web site: Globant´s History. Globant. January 2006. 2008-11-21.
  4. Web site: Globant FAQ - Where are Globant's headquarters?. 24 May 2018.
  5. Web site: Latin America Predictions 2008. January 2008. IDC. 2008-11-20.
  6. Web site: Globant acquires Accendra. January 2008. La Nación . Spanish . 2008-11-21.
  7. Web site: Globant Secures $13 Million Investment from FTVentures and Riverwood Capital. FTV Capital. December 2009. 2009-01-21. https://web.archive.org/web/20081220144427/http://www.ftvcapital.com/press/20081202.html. 2008-12-20. dead.
  8. Web site: Globant Gets Openware for USD1.5MM. December 2008. Business News America. 2008-12-21. https://web.archive.org/web/20090201020627/http://bnamericas.com/news/technology/Globant_gets_Openware_for_US*1,5mn. 2009-02-01. dead.
  9. News: Globant Acquires Mobile And Social Applications Developer Nextive . Tech Crunch . 2011-08-02 . 2011-08-25.
  10. News: IT Outsourcer Globant Sells Innovation, Wows Google, LinkedIn . Bloomberg . 2011-04-08 . 2011-04-11.
  11. News: By Acquiring TerraForum, Globant Takes a Big Step into Brazil Software Market . NearshoreAmericas . 2012-10-30 . 2012-11-25.
  12. News: Argentina's Globant Downloads $70M From WPP . DowJones . 2013-01-02 . 2013-01-25 . 2013-01-07 . https://web.archive.org/web/20130107024221/http://pevc.dowjones.com/article?an=DJFVW00020130102e912qkwge&from=alert&pid=32&ReturnUrl=http%3A%2F%2Fpevc.dowjones.com%3A80%2Farticle%3Fan%3DDJFVW00020130102e912qkwge%26from%3Dalert%26pid%3D32 . dead .
  13. News: Globant Acquires Majority Stake in Huddle and Expands Operation to Chile . NearshoreAmericas . 2013-10-31 .
  14. Web site: Globant Prices its Initial Public Offering and Lists on the NYSE. 30 July 2014. https://web.archive.org/web/20140812144745/http://www.nyx.com/event/globant-prices-its-initial-public-offering-and-lists-nyse. 12 August 2014. dead. dmy-all.
  15. News: Dutta . Vishal . 2015-05-19 . Globant travels to India to acquire Clarice Technologies . 2024-04-24 . The Economic Times . 0013-0389.
  16. Globant. Globant Acquires PointSource to reinforce its focus in digital transformation. 2021-12-16. www.prnewswire.com. en.
  17. News: Globant Bolsters Digital Assets with PointSource Acquisition - Nearshore Americas. 2017-06-05. Nearshore Americas. 2018-07-13. en-US.
  18. News: Globant swoops up another Seattle company as it acquires digital agency Ratio. 2017-03-01. GeekWire. 2018-07-13. en-US.
  19. Globant. Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise. 2021-12-16. www.prnewswire.com. en.
  20. News: Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise. 2019-01-18. 2019-04-05. en-US.
  21. Certified Collectibles Group Files Lawsuit Alleging Tens of Millions of Dollars in Damages Caused by Failures of Software Consulting Firm Globant S.A. And its US Subsidiary. 8 August 2019.
  22. Web site: Globant Acquires Belatrix Software For LatAm IT Consulting. Jones. Donovan. 2019-08-15. Seeking Alpha. en. 2020-03-24.
  23. Web site: Globant Acquires Belatrix Software and Strengthens its Digital and Cognitive Transformation Leadership. news.grabien.com. en. 2020-03-24.
  24. Web site: Globant Acquires Grupo Assa . 2024-04-24 . www.leadersleague.com . en.
  25. Web site: Globant Acquires CloudShift. 15 April 2021.
  26. Web site: 2021-05-12. Globant Acquires The European Digital Marketing Consultancy Firm HABITANT. 2021-05-15. AP NEWS.
  27. Web site: Mamtora . Manshi . 2023-05-15 . Globant acquires Pentalog to expand footprint in France (NYSE:GLOB) Seeking Alpha . 2023-05-15 . seekingalpha.com . en.
  28. Web site: January 2008 . Endeavor Argentina . dead . https://web.archive.org/web/20081204081348/http://www.endeavor.org.ar/emp_argentina.html . 2008-12-04 . 2008-11-19 . Endeavor . Spanish.
  29. Web site: Este contenido no se encuentra disponible . 22 May 2023 . es.
  30. Web site: MIT . January 2008 . Globant at the MIT . dead . https://web.archive.org/web/20100326050836/http://www.slideshare.net/enendeavor/globant . March 26, 2010 . 2008-11-19 . G-Lab, Sloan School of Management MIT.
  31. Web site: March 2006 . Consulting with Support of the MIT . 2008-11-19 . La Nación.
  32. Web site: February 2007 . Top 5 Emerging Services Provider --2007 Winner Globant . dead . https://web.archive.org/web/20071025002044/http://www.globalservicesmedia.com/Content/general20070521177.asp . 2007-10-25 . 2007-11-21 . Global Services Magazine.
  33. News: SREEHARSHA . VINOD . 2008-12-25 . Fiscal Chaos Aside, Start-Ups Bloom in Argentina . 2008-12-25 . New York Times.
  34. News: 2010-07-31 . Announcing the 2010 AlwaysOn Global 250 . 2010-02-25 . AlwaysON.
  35. News: 2010-03-31 . Cool Vendor in Business Process Services, 2010 . dead . https://web.archive.org/web/20110711073254/http://www.gartner.com/DisplayDocument?doc_cd=174972 . July 11, 2011 . 2010-02-25 . Gartner.
  36. News: 2014-02-13 . THE WORLD'S TOP 10 MOST INNOVATIVE COMPANIES IN SOUTH AMERICA . FastCompany.
  37. Web site: Form F-1. 30 July 2014.
  38. Web site: Globant Presents 2014 Fourth Quarter and Full Year Results. 8 April 2015.
  39. Web site: Globant Reports 2015 Fourth Quarter and Full Year Financial Results.
  40. Web site: Globant Reports 2017 Full Year and Fourth Quarter Financial Results.
  41. Web site: Globant Reports 2018 Full Year and Fourth Quarter Financial Results.
  42. Web site: Globant Reports 2019 Full Year and Fourth Quarter Financial Results.
  43. Web site: Globant Reports 2020 Fourth Quarter and Full Year Financial Results.
  44. Web site: Globant Reports 2021 Fourth Quarter and Full Year Financial Results.
  45. Web site: Globant Reports 2022 Fourth Quarter and Full Year Financial Results.
  46. Web site: Globant Reports 2023 Fourth Quarter and Full Year Financial Results.