Globant Expands Operations in Asia-Pacific and Middle East

Rhea-AI Summary

Globant (NYSE: GLOB) is expanding its operations in the Asia-Pacific and Middle East regions by establishing a new business unit named 'New Markets'. This initiative aims to drive digital transformation for local companies. The company also announced leadership changes to strengthen its regional presence, appointing Federico Pienovi as General Manager for the New Markets Region. Following the acquisition of digital commerce consultancy eWave, Globant continues to enhance its capabilities in the region. This expansion aligns with the company's strategic goal of geographic growth.

Positive

• Launch of 'New Markets' unit to enhance digital transformation in Asia-Pacific and the Middle East.
• Strategic leadership appointments to strengthen regional operations.
• Acquisition of eWave enhances digital commerce capabilities.

Negative

• None.

• Expansion will help drive digital transformation for companies in Asia-Pacific and the Middle East through a new business unit called "New Markets"
• As part of this expansion and to boost global growth, the company announces changes among regional leadership

NEW YORK, Nov. 29, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced its expansion across   Asia-Pacific and the Middle East with the creation of a new, fully dedicated regional unit called "New Markets."

"It's time for Globant to reach thriving geographies and economies in Asia-Pacific and the Middle East," said Martin Migoya, Co-founder and CEO of Globant. "We have had an unprecedented evolution and development in the last few years, and we want to keep growing. Geographic expansion has always been a strategic pillar for us, and kicking off in a new region will enable us to continue helping organizations to transform and reinvent their businesses."

As part of this geographic expansion, Globant has made the following regional leadership appointments:

- Federico Pienovi, current Chief Business Officer for EMEA, will become CBO & General Manager for the New Markets Region. After four years of overviewing Asia-Pacific and Middle East opportunities from Europe, Federico will concentrate his efforts on building a strong local team, enhancing Globant's brand awareness, and bringing end-to-end solutions to New Markets' companies.

- Fernando Matzkin, currently CBO for North America, will become Globant's CBO in Europe. Fernando has had great success in building the company's largest region, and will now leverage his expertise to grow Globant's business in Europe, where the company already operates in the five largest economies.

- Nicolás Kaplun, currently CBO for Latin America, will assume leadership over North America. He brings strong expertise building regional operations and has had major success expanding Globant's presence in South and Central America.

- Ignacio Iglesias, current Managing Director for Peru, Chile, and Ecuador, will take over as CBO for Latin America to keep expanding Globant's local presence.

"These changes will strengthen Globant's position globally and our ability to build local leadership teams with a great understanding of our clients' needs, and a passion to help organizations in their reinvention journey," said Patricia Pomies, COO of Globant.

This announcement follows Globant's recent acquisition of eWave, an Australian-born digital commerce experience consultancy with strong expertise in Adobe and Salesforce's commerce solutions, and operations in Sydney, Melbourne, Hong Kong, Singapore, China, Eastern Europe, and the Philippines.

Globant is a digitally native company founded in 2003. Today, it has more than 26,500 employees (or "Globers") and is active in more than 20 countries working for clients such as Google, Electronic Arts, and Santander, among others. Globant thrives by reinventing businesses and transforming organizations to be ready for a digital and cognitive future, providing world-class opportunities for talent to make a positive impact around the globe.

About Globant

We are a digitally native company that helps organizations reinvent themselves and unleash their potential. We are the place where innovation, design and engineering meet scale.

• We have more than 26,500 employees and we are present in more than 20 countries working for companies like Google, Electronic Arts and Santander, among others.
• We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report.
• We were also featured as a business case study at Harvard, MIT, and Stanford. 
• We are a member of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com

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SOURCE Globant

FAQ

What is Globant's recent expansion in Asia-Pacific and the Middle East about?

Globant is expanding its operations by creating a new unit called 'New Markets' to support digital transformation in these regions.

When did Globant announce its expansion plans?

Globant announced its expansion plans on November 29, 2022.

What leadership changes did Globant make for its expansion?

Globant appointed Federico Pienovi as General Manager for the New Markets Region and made other regional leadership changes.

What is the significance of the eWave acquisition for Globant?

The acquisition of eWave enhances Globant's digital commerce capabilities in the Asia-Pacific region.

What is the stock symbol for Globant?

The stock symbol for Globant is GLOB.