Globant Acquires CloudShift and broadens its digital and cognitive transformation expertise
Globant (NYSE: GLOB) announced the acquisition of CloudShift, a prominent Salesforce partner in the UK specializing in multi-cloud digital transformation. This strategic move aims to enhance Globant's digital and cognitive transformation leadership and scale cloud expertise using Salesforce. CloudShift, based in London, employs 89 professionals and services notable clients such as Hitachi and Square Enix. The integration will strengthen Globant's operations across Europe, leveraging CloudShift's Salesforce partnerships to broaden its cloud solutions portfolio.
- Acquisition of CloudShift enhances Globant's digital transformation and cloud expertise.
- Increased operational presence and growth potential in Europe.
- Strengthening of partnerships with Salesforce, MuleSoft, Tableau, and Slack.
- Integration challenges may arise from merging operations and cultures.
- Potential financial strain from acquisition costs and resource allocation.
LUXEMBOURG, March 2, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, announced today its acquisition of CloudShift, a leading Salesforce partner in the UK specialising in multi cloud digital transformation.
With this acquisition, Globant reinforces its leadership in digital and cognitive transformation by scaling its cloud expertise in market leading platforms like Salesforce. At the same time, it will help the Company continue growing its operations in Europe.
"We found in CloudShift an amazing team with deep Salesforce multi-cloud experience and a strong vision of how to deliver digital transformation," said Martín Migoya, Globant's CEO and co-founder. "Just like we do, CloudShift truly understands the challenges that organizations are facing today and have the necessary experience to reinvent business models. We are excited to have this highly innovative and agile company as part of our team and to expand our presence throughout Europe."
Headquartered in London UK, CloudShift has 89 professionals working for renowned brands such as Hitachi, Square Enix, Freshfields and Colliers International. The company is one of the leading Salesforce Regional System Integrators in the UK. Like Globant, CloudShift is a Salesforce Platinum Partner, and has a proven track record of enterprise level digital transformation. This includes deep multi cloud technical expertise in the entire Salesforce product stack including MuleSoft, Tableau and Slack.
"CloudShift design and build innovative digital platforms on Salesforce that help bring companies and customers together. With Globant's digital transformation expertise and global presence, CloudShift are excited to expand our capabilities and Salesforce studio across Europe. We are thrilled to become part of the Globant team, a premier leader in digital and cognitive transformations, recognized worldwide for its ability to incorporate cloud technologies that enhance customer experience and success," said Alastair Murray, CloudShift's founder and CEO.
Martín Umaran, Globant's co-founder and Chief of Staff in charge of M&A, added: "With this acquisition we are moving forward with closing strategic investments in areas that reinforce Globant's value proposition. We have strong expertise in Salesforce gathered under our own Salesforce Studio. CloudShift key partnerships with Salesforce, MuleSoft, Tableau and Slack will help broaden our own portfolio of cloud solutions."
To learn more about Globant's Salesforce Studio, visit www.globant.com/studio/salesforce
About Globant
We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design and engineering meet scale.
- We have more than 16,250 employees and we are present in 16 countries working for companies like Google, Rockwell Automation, Electronic Arts and Santander, among others.
- We were named a Worldwide Leader in CX Improvement Services by IDC's MarketScape report.
- We were also featured as a business case study at Harvard, MIT, and Stanford.
- We are a member of the Cybersecurity Tech Accord.
For more information, visit www.globant.com
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The expectations related to the businesses of Globant and CloudShift may differ from their actual results and consequently, you should not rely on these forward looking statements as predictions of future events. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will", "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These forward-looking statements include, without limitation, expectations with respect to the anticipated benefits of the proposed acquisition. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of Globant and CloudShift and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to recognize the anticipated benefits of the proposed acquisition, (2) costs related to the proposed acquisition, (3) changes in applicable laws or regulations, (4) the demand for CloudShift's services together with the possibility that CloudShift may be adversely affected by other economic, business, and/or competitive factors; and (5) other factors discussed under the heading "Risk Factors" in our most recent Form 20-F filed with the Securities and Exchange Commission and any other risk factors included in subsequent reports on Form 6-K. Because of these uncertainties, you should not make any investment decision based on these forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
Contact
Lucía Ledesma
pr@globant.com
+1 (877) 215-5230
View original content:http://www.prnewswire.com/news-releases/globant-acquires-cloudshift-and-broadens-its-digital-and-cognitive-transformation-expertise-301237873.html
SOURCE Globant
FAQ
What is the significance of Globant's acquisition of CloudShift?
How will the acquisition of CloudShift impact Globant's operations?
What are the key benefits of Globant acquiring CloudShift?
What challenges might Globant face after acquiring CloudShift?
