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Globant

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Globant S.A.
Company typePublic
IndustrySoftware Product Development
Founded2003; 21 years ago (2003)
HeadquartersLuxembourg City, Luxembourg[1]
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
ProductsSoftware Development
Infrastructure Management
Mobile application development
Social Networks Development
Mainframe Migration
RevenueIncrease US$1.780 Billion (2022)[2]
Number of employees
27,122 (2022)[2]
Websiteglobant.com

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 and Belarus. 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

  • 2003: Globant started operations with own funded capital.
  • 2005: Globant opened its second Development GOV Center in Buenos Aires. The company was also named Endeavor Entrepreneur 2005[5] was recognized as the Best Services Exporter by Export.ar.[6] The Sloan School of Management of the MIT wrote a case about Globant called: "Leading the IT Revolution in Latin America".[7][8]
  • 2006: Globant opened its development center in the city of Tandil, Argentina.
  • 2007: Globant was recognized as the Top Emerging Global Services Provider, by Global Services Magazine.[9]

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.

  • 2008: The research company IDC pointed Globant as one of the growing companies in Latin America in its study "Latin American Predictions 2008".[10] Globant Acquires Accendra, an Argentine[11] Software Company with 100 employees adding operations in Chile and Colombia. In December, Globant closed its third financing round of US$13MM with Riverwood Capital and FTV Capital.[12] It also acquired Openware, an Argentine[13] company specialized in Security & Infrastructure Management. Globant's team of Globers reached the 1000 professionals. The New York Times included Globant in an article about Argentinian software startups.[14]
  • 2009: Globant received two teams from the Global Entrepreneurship lab from the MIT, to study the M&A strategy and the Globant University Project.
  • 2010: Globant was awarded with the AlwaysON 250 award for creating technology innovations for the Global Silicon Valley, in the Cloud and Infrastructure Category.[15] It was also named Cool Vendor by Gartner, in the Cool Vendors in Business Process Services 2010 report by Gartner, Inc.[16] During this year, Globant also reorganized itself and launched 8 studios, each one specializing in a different vertical, practice or industry. They are: Gaming, Big Data, Consumer Experience, Enterprise Consumerization, Creative & Social, Cloud Computing & Infrastructure, Mobile and Quality Engineering.
  • 2011: Globant acquired San Francisco-based Nextive, company specialized in the development of mobile applications[17] and Globant's story with Google was showcased by Bloomberg.[18]
  • 2012: Globant acquired Brazil-based TerraForum, company specialized in Innovation and Knowledge Management Consulting, Digital Marketing & Social Media and Software Development.[19]
  • 2012: Globant opened its development center in the city of Tucuman, Argentina.
  • 2013: WPP acquires minority stake in Globant to further strengthen its digital capabilities in the United States, United Kingdom, Latin America and beyond.[20] Globant also acquired 86.25% of Huddle Group, a software company with operations in United States, Argentina and Chile.[21]
  • 2014: FastCompany featured Globant as one of the world's top 10 most innovative companies in South America.[22] The company was listed on the New York Stock Exchange.[23]
  • 2014: Globant announced that they will make a Google Play-like dedicated hardware store for Project Ara.
  • 2015: Globant acquired Clarice Technologies in May 2015 and expanded its presence in Asia.
  • 2017: Globant acquired PointSource,[24] a design and development tech agency specialized in providing digital transformation services across retail, supply chain and insurance industries.[25] Globant acquired another company, Ratio, a leading digital services company specialized on video streaming services.[26]
  • 2018: Globant acquires Small Footprint.
  • 2019: Globant acquires Avanxo, a leading cloud transformation[27] company with presence in the United States, Brazil, Mexico, Colombia, Peru and Argentina.[28]
  • 2019: In August of this 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.[29]
  • 2019: Globant acquires Belatrix Software, a leading agile product development company, to reinforce its presence in Latin America.[30][31]
  • 2020: In January Globant acquires BiLive (Argentina). Later in the year, Globant acquired grupoAssa (Argentina), Xappia, Giant Monkey Robot "GMR" and BlueCap (Spain) companies.
  • 2021: In March, Globant acquired CloudShift (United Kingdom)[32] in May, it acquired Habitant, a European consulting firm.[33] Later, in July it acquired the Spanish firm Walmeric, in October, it opened its development center in the city of San Jose, Costa Rica.
  • 2023: In May, Globant acquired Pentalog, a digital transformation services company. The acquisition was a move to expand its footprint in France.[34]


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

Year
 Revenue ($)[35] Headcount
2010 57 million 1700
2011 90 million 2250
2012 129 million 2700
2013 158 million 3300
2014 199.6 million[36] 3775
2015 258.3 million[37] 5041
2016 322.9 million 5855
2017 413.4 million[38] 6753[38]
2018 522.3 million[39] 8384[39]
2019 659.3 million[40] 11855[40]
2020 814.1 million[41] 16251[41]
2021 1,297.1 million[42] 23526[42]
2022 1,780.2 million[2] 27122[2]

References

  1. ^ "Globant Investor Relations - FAQs".
  2. ^ a b c d "Globant Reports 2022 Fourth Quarter and Full Year Financial Results".
  3. ^ Globant (January 2006). "Globant´s History". Retrieved 2008-11-21.
  4. ^ "Globant FAQ - Where are Globant's headquarters?". Retrieved 24 May 2018.
  5. ^ "Endeavor Argentina" (in Spanish). Endeavor. January 2008. Archived from the original on 2008-12-04. Retrieved 2008-11-19.
  6. ^ "Este contenido no se encuentra disponible" (in Spanish). Retrieved 22 May 2023.
  7. ^ MIT (January 2008). "Globant at the MIT". G-Lab, Sloan School of Management MIT. Archived from the original on March 26, 2010. Retrieved 2008-11-19.
  8. ^ "Consulting with Support of the MIT". La Nación. March 2006. Retrieved 2008-11-19.[permanent dead link‍]
  9. ^ "Top 5 Emerging Services Provider --2007 Winner Globant". Global Services Magazine. February 2007. Archived from the original on 2007-10-25. Retrieved 2007-11-21.
  10. ^ "Latin America Predictions 2008". IDC. January 2008. Retrieved 2008-11-20.[permanent dead link‍]
  11. ^ "Globant acquires Accendra" (in Spanish). La Nación. January 2008. Retrieved 2008-11-21.
  12. ^ "Globant Secures $13 Million Investment from FTVentures and Riverwood Capital". FTV Capital. December 2009. Archived from the original on 2008-12-20. Retrieved 2009-01-21.
  13. ^ "Globant Gets Openware for USD1.5MM". Business News America. December 2008. Archived from the original on 2009-02-01. Retrieved 2008-12-21.
  14. ^ SREEHARSHA, VINOD (2008-12-25). "Fiscal Chaos Aside, Start-Ups Bloom in Argentina". New York Times. Retrieved 2008-12-25.
  15. ^ "Announcing the 2010 AlwaysOn Global 250". AlwaysON. 2010-07-31. Retrieved 2010-02-25.
  16. ^ "Cool Vendor in Business Process Services, 2010". Gartner. 2010-03-31. Archived from the original on July 11, 2011. Retrieved 2010-02-25.
  17. ^ "Globant Acquires Mobile And Social Applications Developer Nextive". Tech Crunch. 2011-08-02. Retrieved 2011-08-25.
  18. ^ "IT Outsourcer Globant Sells Innovation, Wows Google, LinkedIn". Bloomberg. 2011-04-08. Retrieved 2011-04-11.
  19. ^ "By Acquiring TerraForum, Globant Takes a Big Step into Brazil Software Market". NearshoreAmericas. 2012-10-30. Retrieved 2012-11-25.
  20. ^ "Argentina's Globant Downloads $70M From WPP". DowJones. 2013-01-02. Retrieved 2013-01-25.
  21. ^ "Globant Acquires Majority Stake in Huddle and Expands Operation to Chile". NearshoreAmericas. 2013-10-31.
  22. ^ "THE WORLD'S TOP 10 MOST INNOVATIVE COMPANIES IN SOUTH AMERICA". FastCompany. 2014-02-13.
  23. ^ "Globant Prices its Initial Public Offering and Lists on the NYSE". Archived from the original on 12 August 2014. Retrieved 30 July 2014.
  24. ^ Globant. "Globant Acquires PointSource to reinforce its focus in digital transformation". www.prnewswire.com. Retrieved 2021-12-16.
  25. ^ "Globant Bolsters Digital Assets with PointSource Acquisition - Nearshore Americas". Nearshore Americas. 2017-06-05. Retrieved 2018-07-13.
  26. ^ "Globant swoops up another Seattle company as it acquires digital agency Ratio". GeekWire. 2017-03-01. Retrieved 2018-07-13.
  27. ^ Globant. "Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise". www.prnewswire.com. Retrieved 2021-12-16.
  28. ^ "Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise". 2019-01-18. Retrieved 2019-04-05.
  29. ^ "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.
  30. ^ Jones, Donovan (2019-08-15). "Globant Acquires Belatrix Software For LatAm IT Consulting". Seeking Alpha. Retrieved 2020-03-24.
  31. ^ "Globant Acquires Belatrix Software and Strengthens its Digital and Cognitive Transformation Leadership". news.grabien.com. Retrieved 2020-03-24.
  32. ^ "Globant Acquires CloudShift". Retrieved 15 April 2021.
  33. ^ "Globant Acquires The European Digital Marketing Consultancy Firm HABITANT". AP NEWS. 2021-05-12. Retrieved 2021-05-15.
  34. ^ Editor, Manshi Mamtora, CFA, SA News (2023-05-15). "Globant acquires Pentalog to expand footprint in France (NYSE:GLOB) | Seeking Alpha". seekingalpha.com. Retrieved 2023-05-15. {{cite web}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)
  35. ^ "Form F-1". Retrieved 30 July 2014.
  36. ^ "Globant Presents 2014 Fourth Quarter and Full Year Results". Retrieved 8 April 2015.
  37. ^ "Globant Reports 2015 Fourth Quarter and Full Year Financial Results".
  38. ^ a b "Globant Reports 2017 Full Year and Fourth Quarter Financial Results".
  39. ^ a b "Globant Reports 2018 Full Year and Fourth Quarter Financial Results".
  40. ^ a b "Globant Reports 2019 Full Year and Fourth Quarter Financial Results".
  41. ^ a b "Globant Reports 2020 Fourth Quarter and Full Year Financial Results".
  42. ^ a b "Globant Reports 2021 Fourth Quarter and Full Year Financial Results".
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