LUXEMBOURG, Aug. 12, 2019 /PRNewswire/ -- Globant (NYSE:
GLOB), a digitally native technology services company, today
announced the acquisition of Belatrix Software, a leading agile
product development company with nearly 20 years of experience and
a presence in Peru, Colombia, Spain, the United
States and Argentina.
With this acquisition, Globant reinforces its leading presence
in Latin America delivering
digital and cognitive transformation for some of the most renowned
brands in the world. It will also strengthen its broad expertise in
core target industries like finance, payment, insurance, healthcare
and retail. In addition, this acquisition demonstrates Globant's
leadership in digital transformation, agile, product strategy and
more.
"Belatrix shares our vision and approach on how to create
successful digital experiences for the most demanding customers in
leading industries. It has built outstanding solutions for an
amazing roster of clients, which includes many Fortune 500
companies. Belatrix's customer portfolio will reinforce our
50-squared approach, delivering strategic digital transformation to
some of the largest organizations worldwide," said Martin Migoya, Globant´s CEO and co-founder.
Belatrix Software is one of the fastest growing software
engineering service providers with extensive expertise in agile
development and optimized project management methodologies. It
works with renowned brands such as FIS, Fluor, PWC, NEC, Adobe,
AOL. The company has 600 IT professionals working with leading
trends, such as digital transformation, agile, product development
and more.
Luis Robbio, Belatrix CEO and
co-founder, said: "We're excited to join Globant, because we share
values and a culture of innovation and growth. We are sure that
this will bring new professional opportunities to our employees and
take the company to a new level."
Alex Robbio, Belatrix President
and co-founder, said: "With Globant, we can enhance our presence in
America and bring a new service offering to our clients in areas
like Artificial Intelligence, Machine Learning and Customer
Experience, to continue delighting them with stupendous digital
solutions."
"For us, it's key to build the best global team ready to face
the most demanding challenges from large organizations. In
Belatrix's talented team joining Globant, we are uniting forces
with an outstanding group of professionals that affirms our leading
position in Latin America and in
key technologies and industries," added Martín Umaran, Globant
Chief of Staff and co-founder.
About Globant
We are a digitally native company where
innovation, design and engineering meet scale. We use the latest
technologies in the digital and cognitive field to transform
organizations in every aspect.
- Globant has more than 9,200 professionals and we are present in
17 countries working for companies like Google, Southwest Airlines,
EA and BBVA among others.
- We were named a Worldwide Leader of Digital Strategy Consulting
Services by IDC MarketScape report (2016 and 2017)
- We are featured as a business case study at Harvard, MIT and
Stanford.
- We are a member of the Cybersecurity Tech Accord (2019)
For more information, visit www.globant.com.
Forward Looking Statements
This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. The expectations
related to the businesses of Globant and Belatrix may differ
from their actual results and consequently, you should not rely on
these forward looking statements as predictions of future
events. In some cases, you can identify forward-looking
statements by terminology such as "believe," "may," "will",
"estimate," "continue," "anticipate," "intend," "should," "plan,"
"expect," "predict," "potential," or the negative of these terms or
other similar expressions. These forward-looking statements
include, without limitation, expectations with respect to the
anticipated benefits of the proposed transaction. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside of the control of Globant and Belatrix and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the ability to recognize the
anticipated benefits of the proposed transaction, (2) costs related
to the proposed transaction, (3) changes in applicable laws or
regulations, (4) the demand for Belatrix's services together with
the possibility that Belatrix may be adversely affected by other
economic, business, and/or competitive factors; and (5) other
factors discussed under the heading "Risk Factors" in our most
recent Form 20-F filed with the Securities and Exchange
Commission.
Because of these uncertainties, you should not make any
investment decision based on these forward-looking statements.
Except as required by law, we undertake no obligation to publicly
update any forward-looking statements for any reason after the date
of this press release whether as a result of new information,
future events or otherwise.
Contact
Megan Felz
Account Manager
Walker Sands
megan.felz@walkersands.com
213.9664.9111
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SOURCE Globant