Globant to Accelerate Customers' Efficient Cloud Migration through RISE with SAP on AWS

Rhea-AI Summary

Globant (NYSE: GLOB) has announced a collaboration with Amazon Web Services (AWS) to assist customers in leveraging RISE with SAP for modernizing on-premise SAP ERP systems and migrating to the cloud. This partnership aims to streamline the migration process, offering increased speed and confidence to businesses seeking to improve resilience, efficiency, and decision-making through real-time data and AI-driven insights.

As an AWS Premier Tier Services Partner and SAP AppHaus Partner with Expert competency for SAP BTP, Globant brings extensive experience in both AWS and SAP technologies. The company's Studio for SAP technologies provides a range of SAP Business Technology Platform accelerators, AI solutions, and strategic services to help clients maximize their SAP investments.

Positive

• Partnership with AWS to accelerate SAP ERP cloud migration
• Potential for increased customer base seeking cloud migration services
• Leveraging expertise as AWS Premier Tier Services Partner and SAP AppHaus Partner
• Offering SAP Business Technology Platform accelerators and AI solutions

Negative

• None.

Tech Expert

Accelerating Cloud Migration is a significant trend and the collaboration between Globant and AWS through RISE with SAP is a noteworthy development. This partnership aims to facilitate the transition from on-premise SAP ERP systems to the cloud, leveraging the managed cloud solutions of RISE with SAP. By using real-time data and AI, businesses can enhance their decision-making, efficiency and overall resilience.

To a retail investor, this signals that Globant is positioning itself as a key player in the cloud migration space, which is a growing market. This can potentially lead to increased revenue streams and further solidify its market position. The focus on secure and swift migration could attract businesses wary of the complexities involved in transitioning to the cloud.

From an industry perspective, this collaboration aligns with the ongoing trend towards digital transformation. Companies across sectors are increasingly seeking cloud solutions to remain competitive. Globant's established relationships with both AWS and SAP, along with its Premier Tier Services Partner status, highlight its credibility and capability in delivering these complex solutions.

Financial Analyst

Financial Implications of this collaboration can be significant. By joining forces with AWS and SAP, Globant is likely to see an increase in demand for its services. Migrating legacy systems to the cloud is not just a technical upgrade; it often leads to operational efficiencies and cost savings for businesses, which can be an attractive proposition. This, in turn, can lead to longer-term contracts and recurring revenue for Globant.

For investors, the increased demand could translate to improved financial performance. However, it's important to assess the costs involved in delivering these migrations and the time it takes to realize revenue from new projects. Given the global presence and expertise claimed by Globant, the scalability of these services appears promising, potentially leading to margin improvements over time.

Short-term, there may be increased operational costs associated with ramping up resources to meet the expected demand. Long-term, the financial benefits could include enhanced market share and stronger partnerships with industry giants like AWS and SAP, creating a robust moat around their service offerings.

The companies will provide increased support for customers moving their SAP applications to the cloud

ORLANDO, Fla., July 16, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it is working with Amazon Web Services (AWS) to help customers leverage RISE with SAP to modernize their on-premise SAP enterprise resource planning (ERP) and migrate to the cloud. The announcement was revealed at the SAP Sapphire & ASUG Annual Conference in Orlando.

Harnessing real-time data and leveraging artificial intelligence (AI) to process and derive critical business insights has become more essential than ever before for companies looking to improve their resiliency, boost efficiency, make better decisions, and future-proof their business. The first step for many companies looking to unlock these benefits, however, is undergoing a secure migration from their on-premise ERPs to the cloud. Globant and AWS are helping their joint customers leverage RISE with SAP – a managed cloud offering of solutions, infrastructure, and services – to streamline migration of their legacy SAP ERP to AWS with more speed and confidence.

"AWS and SAP are both innovative leaders in the digitization space, and their technology solutions have helped many of our customers unlock a new level of business success," said Diego Tártara, Chief Technology Officer at Globant. "Through our longstanding relationships with both AWS and SAP, we have developed essential knowledge of and deep expertise in both companies' solutions, and are uniquely positioned to assist customers in implementing these end-to-end solutions to complete their migration to the cloud."

As a close collaborator of AWS since 2011, Globant helps deliver innovative solutions across various AWS technologies such as cloud strategy, migration and modernization, advanced data analytics, product innovation, and cloud engineering services. With a global presence and profound expertise in cloud technologies and business strategy, Globant has garnered significant achievements, including achieving AWS Premier Tier Services Partner status within the AWS Partner Network (APN). For more information on Globant's offerings with AWS, please click here.

"Securely migrating to the cloud can be an intimidating and time-consuming process for any business. We are confident that with the power of RISE with SAP – matched with partners like Globant that have the expertise to accelerate a smooth migration – more businesses will be able to leverage and scale the cloud than ever before," said Leandro Estanga, Chief Partner Officer for Latin America at SAP. "This offers them valuable advantages in a competitive and rapidly evolving market."

Globant's Studio for SAP technologies offers a full array of SAP Business Technology Platform (SAP BTP) accelerators and AI solutions, alongside end-to-end strategic services, to help its clients realize swift returns from their SAP investment. The Studio contains many professionals with SAP expertise with 10 Delivery & Solution Centers strategically located around the world. With more than 20 years of SAP platform experience, today, Globant is an SAP AppHaus Partner, an SAP Innovation Award Finalist, and an SAP partner with an Expert competency for SAP BTP. For more information on Globant's Studio for SAP technologies, please click here.

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our experience as an AI powerhouse. We dare to digitally transform organizations and strive to delight their customers.

• We have more than 28,900 employees and are present in 33 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
• We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in CX Improvement Services (2020) by IDC MarketScape report.
• We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
• We were featured as a business case study at Harvard, MIT, and Stanford.
• We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

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For more information, visit www.globant.com.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

 

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SOURCE Globant

FAQ

What is Globant's new partnership with AWS for SAP cloud migration?

Globant is collaborating with AWS to help customers use RISE with SAP to modernize their on-premise SAP ERP systems and migrate to the cloud, offering increased speed and confidence in the migration process.

How does Globant's partnership with AWS benefit GLOB stock?

The partnership may positively impact GLOB stock by potentially increasing Globant's customer base for cloud migration services and leveraging its expertise in AWS and SAP technologies.

What services does Globant's Studio for SAP technologies offer?

Globant's Studio for SAP technologies offers SAP Business Technology Platform accelerators, AI solutions, and end-to-end strategic services to help clients quickly realize returns on their SAP investments.

What is Globant's status as an AWS and SAP partner?

Globant is an AWS Premier Tier Services Partner within the AWS Partner Network and an SAP AppHaus Partner with Expert competency for SAP Business Technology Platform.