LUXEMBOURG, Aug. 3, 2020 /PRNewswire/ -- Globant (NYSE:
GLOB), a digitally native technology services company, today
announced the acquisition of gA, a leading digital and cloud
transformation services company with presence in the United States, Argentina, Brazil, Chile, Colombia, Mexico and Spain.
With this acquisition, Globant reinforces its leading
positioning delivering digital and cognitive transformation as it
broadens its expertise in Life Sciences, CPG, Manufacturing and
Logistics. gA also complements and deepens Globant's capabilities
to deliver cloud journey and enterprise application
services.
"In gA we found the perfect partner for our future plans, as we
enhance our portfolio for Healthcare and Life Sciences. They have
built outstanding lasting relationships with many Fortune 500
companies," said Martin Migoya,
Globant's CEO and co-founder. "The world is changing and many
industries are facing an amazing opportunity. gA's portfolio will
deepen our service offering to help our clients in their
transformation journey."
gA is a global technology company that uses digital platforms
and transformation services to empower large companies in America
and Europe to reformulate their
business models and organizations harnessing the insights and power
of data, AI and people. They have key strategic partnerships with
companies like Oracle and SAP, and strong specialization around
Data Science & Machine Learning, Process Intelligence and Cloud
capabilities. Headquartered in Miami, gA has more than 1,100 IT professionals
working with renowned brands such as Johnson & Johnson,
Cardinal Health, Medtronic, Honda, Avon, DHL, Equifax, PepsiCo,
AXA, Arcor, and DirecTV, among others.
"We're excited to join Globant, one of the leading companies
delivering digital transformation. We began our operations almost
30 years ago, with a focus on enterprise technologies and business
process management. Today, in the era of converging technologies,
we bring our Innovation and Cloud Journey capabilities into
Globant, to create a broader service offering to our joint
customers. In addition, this will enhance our global footprint and
bring new professional opportunities to our employees."
Roberto Wagmaister, CEO and founder
of gA, said.
Martín Umaran, Globant co-founder and Chief of Staff in charge
of M&A, added: "It is really rewarding to be able to close this
transaction that was completely executed during this pandemic
crisis. The whole process was done virtually, showing how much two
companies can achieve when they think big and align visions. We are
really excited to bring gA's talent onboard. They share our
entrepreneurial and innovative DNA, strong values and lasting
customer relationships. For us, it's key to build the best global
team ready to face the most demanding challenges."
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.
- We have more than 12,500 employees and we are present in 16
countries working for companies like Google, Rockwell Automation,
Electronic Arts and Santander, among others.
- We have been named a Worldwide Leader of Digital Strategy
Consulting Services by the IDC MarketScape.
- We were also featured as a business case study at Harvard, MIT, and
Stanford.
- We are a member of the Cybersecurity Tech Accord.
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 gA
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 gA 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 gA's services together with the
possibility that gA 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
Kellie Flaherty
Senior PR Manager
Walker Sands, for Globant
kellie.flaherty@walkersands.com
773.459.6954
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SOURCE Globant