Globant
Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti launched Globant in 2003. They established the company within the streets of Buenos Aires before moving headquarters to Luxembourg later on. By 2008, their annual turnover reached $40 million. This growth caught the attention of IDC, which identified them as one of Latin America's fastest expanding firms. That same year, they purchased Accendra, an Argentine software firm employing exactly 100 people. The acquisition brought new operations into Chile and Colombia. December 2008 marked a third financing round closing at US$13 million with Riverwood Capital and FTV Capital. They also bought Openware, an Argentine entity focused on Security and Infrastructure Management.
The strategy shifted dramatically starting in 2011 when Globant acquired Nextive from San Francisco. Nextive specialized in mobile application development and helped showcase Globant's story through Bloomberg coverage. A year later, TerraForum joined the family from Brazil, bringing expertise in Innovation Consulting and Digital Marketing. WPP took a minority stake in Globant during 2013 while Huddle Group became part of the portfolio. Huddle operated across the United States, Argentina, and Chile. The New York Stock Exchange listed the company in 2014 after years of steady expansion. Clarice Technologies arrived in 2015 to strengthen Asian presence. PointSource and Ratio were added in 2017 to cover retail supply chains and video streaming services respectively. Certified Collectibles Group sued Globant in 2019 over operating system creation issues. Belatrix Software was purchased that same year. BiLive, grupoAssa, Xappia, Giant Monkey Robot, and BlueCap entered the fold between January 2020 and late 2020. CloudShift came from the UK in 2021 alongside Habitant and Walmeric. Pentalog joined in May 2023 as a digital transformation partner.
Listing on the New York Stock Exchange occurred in 2014 following years of private growth. Revenue climbed steadily from $57 million in 2010 to nearly $2.1 billion by 2023. Headcount expanded from 1,700 employees in 2010 to over 29,000 staff members in 2023. The table shows consistent year-over-year increases across both metrics for every recorded period. Financial reports indicate revenue reached $814.1 million in 2020 before jumping to $1.297 billion in 2021. By 2022, figures hit $1.78 billion with 27,122 workers. The final reported year showed revenue at $2.096 billion and headcount reaching 29,150. Principal clients remain located primarily within the United States and United Kingdom despite global operations.
Endeavor Entrepreneur named Globant the Best Services Exporter by Export.ar in 2005. The Sloan School of Management at MIT wrote a case study titled Leading the IT Revolution in Latin America about their work. Global Services Magazine recognized them as Top Emerging Global Services Provider in 2007. AlwaysON awarded Globant an honor in 2010 for technology innovations in Cloud and Infrastructure categories. Gartner included Globant in its Cool Vendors report for Business Process Services that same year. FastCompany listed Globant among the world's ten most innovative companies in South America during 2014. These awards highlight specific achievements rather than general industry standing. The recognition came from established bodies like MIT and trade publications such as Global Services Magazine.
Certified Collectibles Group filed a federal court lawsuit against Globant in 2019. This collectibles company based in Sarasota, Florida sought tens of millions of dollars in damages. The legal action alleged misconduct regarding the creation of a new operating system for the firm. The dispute centered on development errors made while building software infrastructure. No other details about the settlement or outcome appear in available records. The lawsuit occurred alongside the acquisition of Belatrix Software later that year. This legal challenge represents one of the few public controversies facing the organization since its founding.
Globant opened a development center in San Jose, Costa Rica in October 2021. Recent business activities include sponsoring Franco Colapinto starting early 2024. He transitioned to Formula 2 before entering Formula 1 in August of that year. The sponsorship marks a shift toward high-profile motorsport partnerships. Operations now span multiple continents with headquarters in Luxembourg serving global clients. Principal markets remain concentrated in the United States and United Kingdom despite international expansion efforts. The company continues to acquire smaller firms to broaden service offerings across retail, insurance, and digital media sectors.
Continue Browsing
Common questions
Who founded Globant and when was the company established?
Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti launched Globant in 2003. They established the company within the streets of Buenos Aires before moving headquarters to Luxembourg later on.
What were the financial results for Globant by 2023?
Revenue climbed steadily from $57 million in 2010 to nearly $2.1 billion by 2023. Headcount expanded from 1,700 employees in 2010 to over 29,000 staff members in 2023.
When did Globant acquire Nextive and what was its specialization?
Globant acquired Nextive from San Francisco starting in 2011. Nextive specialized in mobile application development and helped showcase Globant's story through Bloomberg coverage.
Why did Certified Collectibles Group sue Globant in 2019?
Certified Collectibles Group sued Globant in 2019 over operating system creation issues. The legal action alleged misconduct regarding the creation of a new operating system for the firm.
Where is the current headquarters of Globant located?
Operations now span multiple continents with headquarters in Luxembourg serving global clients. They established the company within the streets of Buenos Aires before moving headquarters to Luxembourg later on.