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GLOBANT S.A. (NYSE: GLOB) is a pioneering technology services provider specializing in delivering innovative software solutions by harnessing emerging technologies and market trends. Founded in 2003 in Argentina and now headquartered in Luxembourg, Globant is a digitally native company dedicated to aiding clients in their digital transformation journeys. With a workforce of over 29,000 professionals across more than 30 countries, Globant’s services span multiple industries, including media, entertainment, and financial services.
Globant combines the technical precision of IT service providers with the creativity of digital agencies, creating a unique blend of engineering, design, and innovation at scale. Its notable clients include industry giants like Google, Electronic Arts, and Santander. The company has achieved numerous accolades, including being named a Worldwide Leader in Customer Experience (CX) Improvement by the IDC MarketScape report and being profiled as a business case study at prestigious institutions such as Harvard, MIT, and Stanford.
Recent Developments:
Globant recently launched its Connected Experiences Studio, which aims to revolutionize customer interactions by leveraging AI and cutting-edge technology. This new studio focuses on providing end-to-end connected experiences that bridge the gap between the physical and digital worlds. Additionally, Globant reported robust financial performance for the fiscal year ending December 31, 2023, with $2.1 billion in revenue, marking a 17.7% year-over-year growth. The company’s focus on profitability and operational efficiency has resulted in a strong financial position.
Globant continues to expand its service offerings and geographic footprint, driven by acquisitions and strategic partnerships. The company’s latest acquisitions, GUT and Iteris, further bolster its creative and digital capabilities. According to CEO and co-founder Martín Migoya, the company remains optimistic about future growth, emphasizing its strategic focus on AI and generative AI capabilities.
For more information, visit www.globant.com.
FTV Capital, a sector-focused growth equity firm, and One Mind at Work, a global nonprofit dedicated to workforce mental health, have announced a groundbreaking partnership to advance mental health and wellbeing within high-growth companies in FTV's portfolio. This initiative coincides with World Mental Health Day, which focuses on workplace mental health as its 2024 theme.
Over two years, FTV will sponsor One Mind at Work memberships for its portfolio companies, providing access to comprehensive mental health programs, subject matter experts, and the Mental Health at Work Index. The partnership aims to set a new standard for investment firms supporting growth-stage companies' success and drive systemic change across the industry.
This collaboration underscores FTV's commitment to investing in healthy, growing technology businesses with exceptional cultures, especially in the era of remote and hybrid work. The initiative is expected to benefit thousands of employees within the FTV portfolio and inspire other investment managers to take similar action in supporting mental health in the workplace.
VALD, a global health technology company specializing in musculoskeletal (MSK) health, has secured a significant growth equity investment from FTV Capital. This investment will enable VALD to expand geographically, enhance product capabilities, and cement its position as a global technology pioneer in MSK health.
VALD's comprehensive suite of MSK technologies helps health professionals enhance diagnostic capabilities and capture real-time data, driving better outcomes. The company has shown market-leading growth, with revenue more than tripling since 2021 and staff in over 30 countries. VALD serves global blue-chip customers, including 75% of major league sports franchises, 90% of Power 5 NCAA colleges, and numerous health systems and clinics.
The investment will allow VALD to grow its global team, launch new product offerings, and continue utilizing AI to create unique applications for its proprietary dataset of tens of millions of MSK health records.
ZEMA Global Data has announced plans to acquire Morningstar Commodity Data, a provider of commodities and energy data and insights. This acquisition is set to position ZEMA as a global leader in enterprise data management and analytics for the energy and commodities industry. The transaction, expected to close later this month, will expand ZEMA's portfolio to over 200 enterprises with broader geographic operations.
Key points:
- ZEMA will expand into financial markets while continuing to serve supply chain-intensive corporates, independent traders, and energy and physical commodities sectors.
- The acquisition brings new capabilities such as real-time data and a multi-tenant public cloud distribution platform.
- ZEMA will offer a broad catalog of energy, commodity, and weather data, coupled with client proprietary data.
- The move follows FTV Capital's significant growth equity investment and Andrea Remyn Stone's appointment as CEO.
Globant (NYSE: GLOB) has announced a definitive agreement to acquire Blankfactor, a U.S.-based IT services consulting firm specializing in Payments, Banking, and Capital Markets. Blankfactor, founded in 2016, has grown rapidly by delivering consulting-led product engineering, data engineering, and enterprise AI solutions to major financial institutions. With over 450 technology professionals across the U.S., U.K., Colombia, Romania, and Bulgaria, Blankfactor brings expertise in card issuing, merchant acquiring, and securities finance.
The acquisition aims to strengthen Globant's Payments Studio in North America and expand its capabilities in the financial services sector. Blankfactor's founders, Michael Wear and Melody Pak, will continue to lead the company post-acquisition. The transaction is subject to customary closing conditions and regulatory approvals.
Williams Racing has announced a new partnership with Globant, a leading digital transformation company and long-time sponsor of Franco Colapinto. Globant, listed on the New York Stock Exchange with over 29,100 employees in 33 countries, is already a global partner of Formula 1. This marks Globant's first team partnership in the sport.
The partnership coincides with Colapinto joining Williams as a driver for the remainder of the 2024 season, becoming the first Argentine driver in F1 in 23 years. Globant aims to enhance digital experiences for fans and racing teams, leveraging its expertise in working with elite sports organizations like FIFA and the LA Clippers.
This partnership adds to Williams' recent collaborations with Komatsu, Keeper Security, and VAST Data, as the team pursues World Championship success.
Monument Consulting has launched its Strategic Supplier Recognition Program to honor top-performing Supplier Partners supporting their Managed Service Provider (MSP) client portfolio. The program acknowledges partners who demonstrate strategic collaboration, results-driven performance, proactivity, and strong representation of Monument to clients and prospects.
The company has announced its 2024 Strategic Suppliers across three categories:
- Staff Aug: 17 suppliers including Aerotek, Apex Systems, and TEKsystems
- Diversity: 10 suppliers including Apidel Technologies, ApTask Global, and ZTEK CONSULTING
- SOW / Services Procurement: 11 suppliers including Globant (NYSE: GLOB), IBM, and Infosys
Ryan Baker, President of Monument Consulting, emphasized the importance of these partnerships in driving success and innovation for their mutual customers.
Globant (NYSE: GLOB) reported strong Q2 2024 financial results with revenues of $587.5 million, up 18.1% year-over-year. The company's IFRS Diluted EPS was $0.87, while Non-IFRS Adjusted Diluted EPS reached $1.51. Globant's growth outlook remains robust, with AI-related revenues growing by nearly 130% in H1 2024. The company served 958 customers and increased its wallet share, with 329 accounts generating over $1 million in annual revenues. Globant provided guidance for Q3 2024, estimating revenues between $611.0-$617.0 million and Non-IFRS Adjusted Diluted EPS of $1.60-$1.64. For the full year 2024, the company projects revenues of $2,407.0-$2,421.0 million and Non-IFRS Adjusted Diluted EPS of $6.30-$6.50.
Globant (NYSE: GLOB), a digitally native company specializing in innovative technology solutions, has announced the release of its second quarter 2024 financial results on Thursday, August 15th, 2024, after the close of regular market hours. Following the release, key executives including CEO Martin Migoya, CFO Juan Urthiague, COO Patricia Pomies, and CTO Diego Tártara will host a video conference call at 4:30 pm ET to discuss the results. This announcement provides investors and analysts with a clear timeline for accessing important financial information about Globant's performance in the second quarter ended June 30th, 2024.
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.
Globant (NYSE: GLOB) has launched its AI Reinvention Network to accelerate AI adoption across various industries. This initiative includes updated Studios to help industries such as Automotive, Healthcare, Finance, and more, integrate advanced AI solutions. CEO Martín Migoya emphasizes Globant's commitment to providing cutting-edge technology, leveraging over a decade of AI experience. The Network aims to support businesses in discovering best practices and assessing AI's value for their needs. Globant, recognized by IDC's Worldwide Artificial Intelligence Services MarketScape, continues to lead AI-driven innovation.
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