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Globant is an information technology services company based in Buenos Aires, Argentina, that provides software development, IT outsourcing, and digital transformation solutions to global enterprises. The publicly traded firm operates across more than 30 countries and employs over 10,000 professionals to engineer scalable software and artificial intelligence applications. Its client portfolio spans the media, consumer goods, and technology sectors, featuring several major corporate customers such as Google, Disney, Coca-Cola, LinkedIn, and Electronic Arts. After raising an initial $13 million in early venture financing and acquiring regional technology firms like Accendra, the organization became the first Latin American software company to complete an initial public offering on the New York Stock Exchange in 2014 under the ticker symbol GLOB. Globant was originally founded in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran, and Néstor Nocetti.
Globant has raised $28.0M across 2 funding rounds.
Key people at Globant.
Globant was founded in 2003 by Guibert Englebienne (Globant X President, Latam President & Co-founder) and Nestor Nocetti (Co-Founder & EVP Corporate Affairs) and Martin Migoya (Co-Founder & CEO) and Martin Umaran (Cofounder & Chairman EMEA).
Globant has raised $28.0M in total across 2 funding rounds.
Globant is a multinational IT services company specializing in digital transformation, software development, and engineering solutions, primarily serving Fortune 500 clients in media/entertainment, financial services, and other sectors like healthcare and automotive.[1][2][3] Headquartered in Luxembourg with roots and major operations in Latin America (originally Buenos Aires, Argentina), it generates most revenue through time-and-materials billing for consulting, custom software development, integration, quality assurance, and emerging tech like AI and cloud computing.[1][3] Globant helps organizations reinvent operations and customer experiences, with notable clients including Formula 1, LA Clippers, Nissan, and Metropolitan Police, powering innovations like high-performance data platforms and smart venues.[5]
The company operates globally across 17 countries in the Americas, Europe, and Asia, emphasizing AI-powered engineering, innovation, and sustainability.[2][3] Its growth is evident in acquisitions, NYSE listing in 2018, and a focus on high-quality digital solutions amid rising demand for digital reinvention.[3][4]
Globant was founded in 2003 in Buenos Aires, Argentina, by four entrepreneurs: Martín Migoya, Guibert Englebienne, Martín Umaran, and Néstor Nocetti, starting as a small software development startup.[3][4] By 2008, it reached $40 million in annual turnover, earning recognition from IDC as a fast-growing Latin American firm; that year, it acquired Accendra (adding Chile/Colombia operations) and Openware, and secured $13 million in funding from Riverwood Capital and FTV Capital.[4]
Pivotal moments included U.S. expansion via 2011's Nextive acquisition (mobile apps), partnerships like with Google (highlighted by Bloomberg), and Brazil entry through 2012's TerraForum buy.[4] Growth accelerated with 2017 acquisitions like PointSource and Ratio (focusing on retail/insurance and video streaming), multiple 2020 deals (BiLive, grupoAssa, Xappia, Giant Monkey Robot, BlueCap), 2021 purchases (CloudShift, Habitant, Walmeric), a Costa Rica center opening, and 2023's Pentalog acquisition—culminating in its 2018 NYSE listing.[3][4] This evolution transformed it from a regional player to a global digital transformation leader.[1][3]
Globant rides the digital transformation wave, capitalizing on AI, cloud computing, and data-driven innovation amid accelerating business reinvention needs post-pandemic.[1][2][6] Its timing aligns with enterprises adopting emerging tech to enhance operations and customer experiences, particularly in high-revenue sectors like media/entertainment and finance facing disruption from streaming, fintech, and personalized services.[1][5]
Market forces favoring Globant include nearshoring trends leveraging Latin American talent for U.S./UK clients, cost efficiencies versus traditional outsourcers, and demand for agile, AI-integrated services over legacy IT.[1][3] It influences the ecosystem by partnering with tech giants (Google, OpenAI) and enabling startups/enterprises (e.g., Pixelynx metaverse, P.volve fitness), while acquisitions expand capabilities in mobile, streaming, and consulting—positioning it as a bridge between innovation and scalable execution.[3][4][5]
Globant is poised for continued expansion through AI enterprise solutions and strategic acquisitions, targeting deeper penetration in automotive, sports/entertainment, and public sector digitalization.[3][5][8] Trends like AI democratization, sustainable tech, and global nearshoring will propel growth, potentially boosting its NYSE presence and client base amid evolving tech landscapes.[2][3]
As a Latin America-rooted powerhouse in digital transformation, Globant's founder-driven innovation and global footprint make it a resilient player, ready to shape how businesses harness AI for competitive edges—just as it started from a Buenos Aires startup to empower Formula 1's race-day decisions.[1][3][5]
Globant was founded in 2003 by Guibert Englebienne (Globant X President, Latam President & Co-founder) and Nestor Nocetti (Co-Founder & EVP Corporate Affairs) and Martin Migoya (Co-Founder & CEO) and Martin Umaran (Cofounder & Chairman EMEA).
Globant has raised $28.0M in total across 2 funding rounds.
Globant's investors include Celesta, Endeavor Catalyst.
Key people at Globant.
Globant has raised $28.0M across 2 funding rounds. Most recently, it raised $15.0M Series C in January 2012.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 13, 2022 | Vozy | $5.0M Debt / Pre-Series A | GoHub Ventures | Alan Rutledge, Arash Ferdowsi, Enlaces, SaxeCap, Starling Ventures |
| Jul 12, 2021 | VU | $12.0M Series B | — | Agrega Partners, Bridge ONE, NXTP Labs, Telefonica |
| Jun 16, 2016 | Collokia | $1.3M Seed | Globant, Pitanga | — |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2012 | $15M Series C | — | Celesta, Endeavor Catalyst | Announced |
| Dec 1, 2008 | $13M Series B | — | Celesta | Announced |
