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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[2]
Guibert Englebienne, CTO
Martín Umaran, Chief of Staff
Néstor Nocetti, EVP Corp. Affairs
Patricia Pomies, COO[2]
Alejandro Scannapieco, CFO
Guillermo Willi, CPO
Gustavo Barreiro, CIO
Wanda Weigert, Marketing & Communications Director[2]
ProductsSoftware Development
Infrastructure Management
Mobile application development
Social Networks Development
Mainframe Migration
RevenueIncrease US$2.095 billion (2023)[3]
Number of employees
29,150 (2023)[3]
Websiteglobant.com

Globant is an IT and software development company operating internationally. It was formed in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti. It was founded in Buenos Aires, but later headquartered in Luxembourg. Its principal clients are in the United States and United Kingdom.

Each year it organises the "Women that Change" awards.

History

[edit]
Martin Migoya, CEO of Globant in 2022

In 2003, Globant started operations with four founders. By 2008 its turnover was $40m per annum.[4] IDC pointed Globant as one of the growing companies in Latin America.[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 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] Globant was tohave made a Google Play-like dedicated hardware store for Project Ara[citation needed] but it was cancelled the following year.[15] In 2015, Globant acquired Clarice Technologies and expanded its presence in Asia.[16]

In 2017, Globant acquired PointSource,[17] a design and development tech agency specialized in providing digital transformation services across retail, supply chain and insurance industries.[18] Globant acquired another company, Ratio, a leading digital services company specialized on video streaming services.[19]

Jennifer Samaniego a "Woman Who Build" Inspirational leader in 2023

In 2019, 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.[20] In the same year, Globant acquired Belatrix Software, a product development company.[21][22] In the same year Globant began an annual "Women that Build" awards to reward "game-changing women in the STEAM industries".[2]

In January 2020, Globant acquires BiLive (Argentina). Later in the year, Globant acquired grupoAssa (Argentina),[23] Xappia, Giant Monkey Robot "GMR" and BlueCap (Spain) companies. In 2021, Globant acquired CloudShift (United Kingdom).[24] Habitant, a European consulting firm,[25] the Spanish firm Walmeric and in October, it opened its development center in San Jose, Costa Rica.[citation needed] In May 2023, Globant acquired Pentalog, a digital transformation services company.[26]

In 2023 the fourth "Women that Change" awards were announced by Patricia Pomies the Chief Operating Officer at Globant. The awards went to an inspiring leader, Jennifer Samaniego, from Ecuador and an American games Jaloree Lantigua was the "rising star".[2]

Recognition

[edit]
At "Collision 2023" in Toronto

In 2005, Globant was named Endeavor Entrepreneur 2005[27] was recognized as the Best Services Exporter by Export.ar.[28] The Sloan School of Management of the MIT wrote a case about Globant called: "Leading the IT Revolution in Latin America".[29][30]

In 2007, Globant was recognized as the Top Emerging Global Services Provider, by Global Services Magazine.[31]

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.[32] It was also named Cool Vendor by Gartner, in the Cool Vendors in Business Process Services 2010 report by Gartner, Inc.[33]

In 2014, FastCompany featured Globant as one of the world's top 10 most innovative companies in South America.[34]

Revenue and headcount

[edit]
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[43] 27122[43]
2023 2,095.9 million[3] 29150[3]

References

[edit]
  1. ^ "Globant Investor Relations - FAQs".
  2. ^ a b c d e Globant. "Globant Announces Global Winners of the Women that Build Awards 2023". www.prnewswire.com. Retrieved 2024-10-20.
  3. ^ a b c d "Globant Reports 2023 Fourth Quarter and Full Year Financial Results".
  4. ^ "Fiscal Chaos Aside, Start-Ups Bloom in Argentina". The New York Times. 2008. Retrieved October 20, 2024.
  5. ^ "Latin America Predictions 2008". IDC. January 2008. Retrieved 2008-11-20.[permanent dead link‍]
  6. ^ "Globant acquires Accendra" (in Spanish). La Nación. January 2008. Retrieved 2008-11-21.
  7. ^ "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.
  8. ^ "Globant Gets Openware for USD1.5MM". Business News America. December 2008. Archived from the original on 2009-02-01. Retrieved 2008-12-21.
  9. ^ "Globant Acquires Mobile And Social Applications Developer Nextive". Tech Crunch. 2011-08-02. Retrieved 2011-08-25.
  10. ^ "IT Outsourcer Globant Sells Innovation, Wows Google, LinkedIn". Bloomberg. 2011-04-08. Retrieved 2011-04-11.
  11. ^ "By Acquiring TerraForum, Globant Takes a Big Step into Brazil Software Market". NearshoreAmericas. 2012-10-30. Retrieved 2012-11-25.
  12. ^ "Argentina's Globant Downloads $70M From WPP". DowJones. 2013-01-02. Archived from the original on 2013-01-07. Retrieved 2013-01-25.
  13. ^ "Globant Acquires Majority Stake in Huddle and Expands Operation to Chile". NearshoreAmericas. 2013-10-31.
  14. ^ "Globant Prices its Initial Public Offering and Lists on the NYSE". Archived from the original on 12 August 2014. Retrieved 30 July 2014.
  15. ^ Byford, Sam (2016-09-02). "Google reportedly cancels Project Ara modular smartphone plans". The Verge. Retrieved 2024-10-20.
  16. ^ Dutta, Vishal (2015-05-19). "Globant travels to India to acquire Clarice Technologies". The Economic Times. ISSN 0013-0389. Retrieved 2024-04-24.
  17. ^ Globant. "Globant Acquires PointSource to reinforce its focus in digital transformation". www.prnewswire.com (Press release). Retrieved 2021-12-16.
  18. ^ "Globant Bolsters Digital Assets with PointSource Acquisition - Nearshore Americas". Nearshore Americas. 2017-06-05. Retrieved 2018-07-13.
  19. ^ "Globant swoops up another Seattle company as it acquires digital agency Ratio". GeekWire. 2017-03-01. Retrieved 2018-07-13.
  20. ^ "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" (Press release). 8 August 2019.
  21. ^ Jones, Donovan (2019-08-15). "Globant Acquires Belatrix Software For LatAm IT Consulting". Seeking Alpha. Retrieved 2020-03-24.
  22. ^ "Globant Acquires Belatrix Software and Strengthens its Digital and Cognitive Transformation Leadership". news.grabien.com. Retrieved 2020-03-24.
  23. ^ "Globant Acquires Grupo Assa". www.leadersleague.com. Retrieved 2024-04-24.
  24. ^ "Globant Acquires CloudShift". Retrieved 15 April 2021.
  25. ^ "Globant Acquires The European Digital Marketing Consultancy Firm HABITANT". AP NEWS. 2021-05-12. Retrieved 2021-05-15.
  26. ^ Mamtora, Manshi (2023-05-15). "Globant acquires Pentalog to expand footprint in France (NYSE:GLOB) | Seeking Alpha". seekingalpha.com. Retrieved 2023-05-15.
  27. ^ "Endeavor Argentina" (in Spanish). Endeavor. January 2008. Archived from the original on 2008-12-04. Retrieved 2008-11-19.
  28. ^ "Este contenido no se encuentra disponible" (in Spanish). Retrieved 22 May 2023.
  29. ^ 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.
  30. ^ "Consulting with Support of the MIT". La Nación. March 2006. Retrieved 2008-11-19.[permanent dead link‍]
  31. ^ "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.
  32. ^ "Announcing the 2010 AlwaysOn Global 250". AlwaysON. 2010-07-31. Retrieved 2010-02-25.
  33. ^ "Cool Vendor in Business Process Services, 2010". Gartner. 2010-03-31. Archived from the original on July 11, 2011. Retrieved 2010-02-25.
  34. ^ "THE WORLD'S TOP 10 MOST INNOVATIVE COMPANIES IN SOUTH AMERICA". FastCompany. 2014-02-13.
  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".
  43. ^ a b "Globant Reports 2022 Fourth Quarter and Full Year Financial Results".
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