SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- Globant (NYSE:
GLOB), a digitally native technology services company focused on
creating digital journeys, today announced the strategic
acquisition of Ratio, a leading digital services company
specialized on video streaming solutions. With this acquisition,
Globant expands its US footprint and its expertise in the media and
entertainment segment.
This acquisition is aligned with Globant's vision of creating
innovative software products that appeal to millions of users,
allowing clients to transform their businesses. Ratio's main
differentiator is not only to develop and deliver robust digital
experiences and video streaming solutions for major media
companies, but also offers a transformative OTT platform to its
customers. This platform, called RTV, makes content and experience
updates dynamic, while ensuring integrity across all platforms and
devices.
"Ratio recognizes the importance of delivering meaningful
experiences for the clients' end users and shares our passion for
creativity, innovation and design. Ratio's professionals have built
outstanding OTT products for some of the world's leading media
companies of these days," stated Martín Migoya, Globant CEO and
co-founder. "The company's unique focus on innovative digital
services and their one-of-a-kind software platform are clear
differentiators. We are confident that this acquisition will
strengthen Globant's goal of becoming the best partner in
developing profound digital transformations."
"By incorporating Ratio's team to Globant, together with the
acquisition of Seattle-based L4
late last year, we continue building a global organization with
some of the best talent in the world. On top of that, we keep
expanding our US footprint to be even closer to our customers,"
added Martín Umaran, Globant Chief of Staff and co-founder. "Ratio
will help us increase the depth of our expertise in the ever
growing Media & Entertainment industry. We are thrilled to have
them on board."
Founded in 2001, Ratio is headquartered in Seattle, WA. The company's team is composed of
45 professionals working for renowned brands including Alaska
Airlines, Microsoft, iHeartMedia and Yahoo!. The Ratio team
delivers cutting-edge experiences across Web, iOS, Android,
Windows, AppleTV, AndroidTV, FireTV, Xbox, Roku, Playstation,
Samsung and LG SmartTVs. Through its platform RTV and custom media
experiences Ratio has powered billions of views and listens across
these platforms.
Ratio's Co-Founder and CEO Nate
Thompson said: "Ratio is committed to delivering
cutting-edge experiences across the myriad platforms and devices of
today's consumer. Joining forces with Globant will help Ratio to
better serve our customers, and also allow us to leverage our deep
media experience internationally as digital media consumption
continues to grow at staggering rates. We are honored to be joining
Globant as we believe they place the same value on digital
innovation and transformation as Ratio, while also sharing the same
cultural values in growing a great company and building great
teams."
Russ Whitman, Ratio's Co-Founder
and CTO, added: "Globant is a leader in helping companies transform
in this digital age, the opportunity to be a part of that movement
on a global scale is both unique and empowering. Ratio is an
amazing team that creates digital experiences at the intersection
of art and technology, we are excited to join Globant in our
pursuit of making the now and next". Paul
Kim, Ratio's Co-Founder, concluded: "Creating meaningful
experience, with and for people, has always been at the core of
Ratio's culture and brand. Joining forces with Globant creates more
opportunity for our people and will give Ratio the scale it needs
to create digital journeys that truly matter to the world.
Excited for the possibilities!"
About Globant
Globant (NYSE: GLOB) is a digitally
native technology services company that creates digital journeys
for its customers, which impact millions of consumers. Globant is
the place where engineering, design, and innovation meet scale.
Globant has more than 5,600 professionals in 12 countries
working for companies like Google, Linkedin, EA, and Coca Cola,
among others.
Globant was named a Worldwide Leader of Digital Strategy Consulting
Services by IDC MarketScape Report (2016) and its client work has
been featured as business case studies at Harvard University, Massachusetts Institute of Technology and
Stanford University. For more
information, visit www.globant.com.
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SOURCE Globant