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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.
Globant (NYSE: GLOB) has announced its acquisition of ExperienceIT, a U.S.-based digital transformation consultancy specializing in healthcare services, to enhance its North American footprint. This strategic move opens Globant's first office in Minneapolis, a significant hub for healthcare and life sciences. ExperienceIT, founded in 2014, brings over 200 professionals and a strong client base, including top U.S. healthcare companies. The acquisition aims to improve service offerings and accelerate digital transformation for clients, leveraging Globant's expertise across various industries. With this deal, both firms expect to drive innovation and growth in the digital services market, especially in AI and advanced technologies.
Globant (NYSE: GLOB) has launched Codemap, a new code visualization feature from its AI-powered platform, Augoor, aimed at improving the efficiency of developers and project managers.
Codemap provides real-time visual representation of codebases, enhancing comprehension and facilitating quicker analysis. It claims to increase developer speed by 60%, addressing challenges in navigating large codebases.
Since its inception in 2019, Augoor has evolved significantly, now part of Globant's innovation incubator, Globant X. The service is available through an Enterprise plan, with demos accessible via their website.
Globant Ventures has announced a $4 million investment in Fivvy, a SaaS platform that enhances personalized customer experiences for banking institutions. This partnership aims to accelerate Fivvy's growth and transform the financial services industry. With Fivvy's innovative data-driven solutions, banks can improve customer engagement rapidly, achieving transformation in as little as three months.
The investment will provide Fivvy with both financial backing and strategic expertise as it seeks to become a premier SaaS platform in the Americas. Globant Ventures continues to invest in purpose-driven entrepreneurs focusing on AI and emerging technologies, indicating a strong commitment to driving innovation in the financial sector.
Globant (NYSE: GLOB) has been recognized as a "Market Leader" among Digital Engineering Service Providers in the HFS Research report titled "HFS Horizons: Digital Engineering Service Providers, 2023." The report evaluated 25 companies and awarded Globant the highest distinction of "Horizon 3," indicating industry leadership in areas including innovation, value proposition, and market impact. In 2022, Globant reported a significant 37.3% year-over-year revenue growth, reaching $1.78B in annual revenue, alongside a 15.3% year-over-year headcount growth. The firm emphasizes its continuous innovation and global impact through new studio offerings and strategic acquisitions, aiming to help clients transform sustainably.
Globant (NYSE: GLOB) has announced the creation of a new business unit, Google Cloud Studio, aimed at enhancing its collaboration with Google Cloud. This initiative will expand their team of experts and leverage Google Cloud's tools to support business transformations across various sectors. To address the growing demand for cloud services, Globant is committed to training 1,500 Google-certified engineers. The partnership, established over 16 years ago, aims to deliver innovative client solutions, focusing on AI, enterprise modernization, and leveraging domain expertise in sectors like Telecom and Healthcare.
Globant S.A. (NYSE: GLOB) announced that its Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders will take place on April 19, 2023, at its registered office in Luxembourg. Shareholders can find the Convening Notice, including the agenda and proxy card, on the Company’s official website. Globant is a digitally native technology services company with over 27,000 employees across 25 countries, serving clients like Google and Santander. The company is recognized as a leader in CX Improvement by IDC MarketScape and has been featured in business case studies at prestigious institutions.
Masttro has announced a significant $43 million growth equity investment led by FTV Capital, with participation from Citi Ventures. This funding aims to enhance Masttro's market expansion and R&D for its wealth management software, which utilizes AI for data aggregation and analysis. The wealth management sector is anticipated to witness a historic $84 trillion intergenerational wealth transfer by 2045, increasing demand for digital solutions. Masttro has seen a threefold business growth in three years, now serving hundreds of clients across multiple regions.
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