Globant is an Argentinian software company that builds innovative software products and provides IT outsourcing using a mix of open‑source and proprietary software for multinational organizations. Its network of more than 2,500 software engineers (3,000 employees globally) across 15 locations in Latin America and the U.S. creates products for clients including LinkedIn, Google, Zynga, EA, Citi, Coca‑Cola, and Nike. The company developed LinkedIn’s mobile apps and implemented the OpenSocial framework for that professional network. Financially, Globant’s revenues for 2011 topped $90 million and the company grew 72 percent year‑over‑year; prior funding included a $15 million round. It recently received a $2 million investment from the Endeavor Foundation’s Catalyst Program, bringing total external investment to $30 million, and added Reid Hoffman to its Board of Advisors. There have been recurring rumors of a potential IPO, though the company has historically focused on building a long‑term, viable business rather than a quick sale. Globant provides software development, IT services and maintenance outsourcing, building products for mass audiences with a mix of open-source and proprietary technologies. The company has organized its work into eight specialized studios, including Luminous Gaming, Creative & Social and Sustainable Infostructure, to deepen domain expertise. It is privately held and employs more than 2,000 IT professionals across offices in Argentina, the United States, the UK, Uruguay and Colombia. Globant counts customers such as Disney, Google, EA, Sony, IBM and LinkedIn. The recent $15 million financing is intended to further growth and support an acquisition plan across Latin America and the United States. Company leadership has stated plans to pursue an IPO in the United States within the next few years. Globant provides software product development, R&D and IT maintenance outsourcing using agile methodologies, a blend of open source and proprietary software, Creative Studios, Innovation Labs and its proprietary SmartStaffing Technology. The company serves a blue‑chip client base that includes Electronic Arts, Coca Cola, SABRE and Citi. Globant has nearly 1,000 employees across seven delivery centers in Latin America and commercial offices in the U.S. and the U.K. Management says the business more than doubled in size over the prior 18 months and is a strong, profitable company. The company plans continued organic expansion and a strategic acquisition program across Latin America, the U.S. and Europe. Globant is privately held and headquartered in Buenos Aires, Argentina, with additional offices listed across Argentina, North America, Latin America and London.

Total raised

$30M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2012