GLOBANT S.A. - GLOB STOCK NEWS

FTV Capital has appointed Kapil Venkatachalam as partner, focusing on investments in B2B software and technology-enabled services. This move follows FTV's successful close of a $2.3 billion fund in March 2022. With over 15 years at TCV, Kapil’s expertise aims to enhance FTV's investment strategy amidst growing demand for innovative solutions. FTV Capital, founded in 1998, has raised $6.2 billion and invested in over 130 companies, including Enfusion (NYSE: ENFN) and Globant (NYSE: GLOB).

Globant has launched its new EdTech Studio, aimed at transforming the education sector by leveraging technologies like AI, Big Data, AR, and VR. The studio will offer strategic consulting and end-to-end digital solutions to enhance lifelong learning experiences. Key features include using AI to identify learner challenges and Big Data for measuring progress. Globant's CTO, Diego Tártara, emphasizes the need for innovative educational approaches to improve engagement and retention. This new studio joins the company's suite of industry-focused Reinvention Studios.

Globant (NYSE: GLOB) will release its first-quarter financial results for 2022 on May 19th, 2022, after market close. Following the release, CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss the results. With over 23,500 employees across 18 countries, Globant specializes in digital technology services, helping organizations innovate and grow. The company has partnerships with major firms like Google and Santander and was recently recognized as a leader in CX improvement services by IDC MarketScape.

Globant (NYSE: GLOB) appointed Andrea Mayumi Petroni Merhy to its Board of Directors during its annual general meeting on April 22, 2022. Ms. Petroni Merhy brings extensive international business experience, currently serving as Managing Director at JPMorgan Chase, where she holds multiple leadership roles. Her appointment aims to strengthen Globant's strategic direction and support its growth in digital transformation. With her addition, the Board will now consist of nine members, enhancing Globant's leadership.

Plate IQ appoints Andy Roberts as chairman of the board to accelerate its growth in the hospitality software and payments sector. With over 40 years of B2B payments experience, Roberts previously led VPay and Fleet One. His leadership is expected to enhance Plate IQ's strategy in digital payments, targeting verticals like restaurants and hotels. The company processes over $1 billion in vendor payments annually and serves more than 20,000 customers. This appointment is seen as pivotal for capitalizing on the shift to automated workflows amid ongoing labor shortages.

Globant has announced its acquisition of GeneXus, a leading low-code platform provider, to enhance its digital transformation offerings. This strategic move positions Globant as a frontrunner in low-code technology, potentially accelerating software development for its clients. With over 30 years in the market and a strong presence in Latin America and Asia, GeneXus serves over 1,700 companies, providing an AI-enhanced platform for application development. The deal is subject to regulatory approvals and represents a significant step in Globant's expansion of its product division, Globant X.

Globant (NYSE: GLOB) has launched its new Digital Performance Studio, designed to enhance organizational resilience and efficiency through data-driven tools. This initiative aims to optimize performance by leveraging Globant's extensive expertise in technology and business. The proprietary Insights platform will allow companies to better understand their teams' performance and satisfaction levels, ultimately assisting leaders in making informed decisions. The Digital Performance Studio is part of Globant's broader Digital Studios portfolio, which includes various specialties like Data & AI and Blockchain.

Globant has expanded its BeKind. Tech Fund by partnering with Endeavor, LAVCA, and Newlab. This $10 million fund aims to address technology's negative impacts, focusing on issues like AI bias and online harassment. These new partners will help enhance the fund's reach, connecting with entrepreneurs and startups dedicated to promoting positive tech usage. Globant believes in collective efforts to facilitate technological change that benefits society and the environment.

On March 30, 2022, Globant announced unauthorized access to a limited section of its code repository. The company has activated security protocols and is conducting a thorough investigation. So far, only certain source code and project-related documentation for a small number of clients have been accessed, with no evidence of compromise to broader infrastructure or client systems. Globant is implementing strict measures to prevent future incidents.