Globant
| Company type | Public company |
|---|---|
| Industry | Information technology, Software development |
| Founded | 2003 |
| Founder | Martín Migoya, Guibert Englebienne, Martín Umaran, Néstor Nocetti |
| Headquarters | Luxembourg , Luxembourg |
Area served | United States, United Kingdom, Latin America, Asia, Europe |
| Products | Software development and IT services |
Number of employees | 29,150 (2023) |
| Website | www |
Globant is a global player in the IT and software development sectors, established in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran, and Néstor Nocetti. Initially headquartered in Buenos Aires, the company later relocated its main office to Luxembourg. Its primary markets are the United States and the United Kingdom.
History
Founded by four entrepreneurs, Globant achieved $40 million in revenue by 2008.[1] That same year, it expanded its footprint by acquiring Accendra, an Argentine software company, which facilitated entry into Chile and Colombia. It also secured $13 million in funding from Riverwood Capital and FTV Capital. Additionally, Globant purchased Openware, a firm specializing in Security & Infrastructure Management.
In 2011, to boost its mobile app development expertise, Globant acquired Nextive, a San Francisco-based company.[2] The following year, it entered the Brazilian market through the acquisition of TerraForum, a consultancy focused on innovation, digital marketing, and software engineering.
By 2013, WPP had obtained a minority stake in Globant. The company also gained majority control of Huddle Group, which operates across the US, Argentina, and Chile. Globant went public on the New York Stock Exchange in 2014. It had plans to launch a hardware marketplace akin to Google Play for Project Ara, but the initiative was discontinued in 2016. In 2015, its expansion continued into Asia with the purchase of Clarice Technologies based in India.
Globant's acquisition strategy persisted with PointSource (2017), which specializes in digital transformation for retail and insurance sectors; Ratio (2017), focused on video streaming technologies; and Belatrix Software (2019), to strengthen product development capabilities. In 2019, Globant was involved in litigation initiated by Certified Collectibles Group concerning software development disputes.[3] That year also saw the introduction of its annual "Women that Build" awards program celebrating female leaders in STEAM fields.
Starting from 2020, Globant further expanded by acquiring several companies including BiLive and grupoAssa (Argentina), Xappia and Giant Monkey Robot "GMR," BlueCap (Spain), CloudShift (UK), European consultancy Habitant, and Spanish firm Walmeric. In October 2021, it inaugurated a development center located in San Jose, Costa Rica. In May 2023, Globant strengthened its French market presence through the acquisition of Pentalog.
From early 2024 onward, Globant has been sponsoring Argentine racing driver Franco Colapinto as he progresses into Formula 2 and debuts in Formula 1, becoming an official partner of Williams Racing.[4]
Recognition
In 2005, Globant earned the title of Endeavor Entrepreneur and was honored as Best Services Exporter by Export.ar. The Sloan School of Management at MIT developed a case study titled "Leading the IT Revolution in Latin America," centered on Globant’s trajectory.
By 2007, Global Services Magazine recognized Globant as a Top Emerging Global Services Provider.
In 2010, the company received the AlwaysON 250 award for innovation in Cloud and Infrastructure technologies and was identified as a Cool Vendor in Business Process Services by Gartner.
FastCompany included Globant among South America's top 10 most innovative companies in its 2014 ranking.
Revenue and Workforce
| Template:Diagonal split header | Revenue (USD) | Number of Employees |
|---|---|---|
| 2010 | 57 million | 1,700 |
| 2011 | 90 million | 2,250 |
| 2012 | 129 million | 2,700 |
| 2013 | 158 million | 3,300 |
| 2014 | 199.6 million | 3,775 |
| 2015 | 258.3 million | 5,041 |
| 2016 | 322.9 million | 5,855 |
| 2017 | 413.4 million | 6,753 |
| 2018 | 522.3 million | 8,384 |
| 2019 | 659.3 million | 11,855 |
| 2020 | 814.1 million | 16,251 |
| 2021 | 1,297.1 million | 23,526 |
| 2022 | 1,780.2 million | 27,122 |
| 2023 | 2,095.9 million | 29,150 |