December 6, 2022

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Globant Acquires Bluecap to Strengthen its Portfolio of Consulting Providers for the Economic Field

4 min read

LUXEMBOURG, Dec. 18, 2020 /PRNewswire/ — Globant (NYSE: GLOB), a digitally indigenous technological innovation products and services enterprise, today declared the acquisition of Spain-centered Bluecap, a specialized consultancy business that leverages state-of-the-art analytics to create new small business versions for fiscal institutions.

With this acquisition, Globant reinforces its main posture in transforming organizations whilst it continues expanding its operations in Europe. Bluecap will keep its identify and impression as the system consulting brand of Globant and Maite Barrera, Bluecap’s CEO & founder, will be a part of the group’s world-wide government workforce.

“Nowadays a lot more than ever, companies will need to reinvent on their own to shift ahead. At the exact time, we consider that there is a potent opportunity in Europe so we want to proceed growing in the area,” mentioned Martín Migoya, Globant’s CEO and co-founder. “Bluecap’s consulting and analytical abilities will be essential to retain reworking corporations leveraging our potent aim on electronic trends, AI and facts analytics.”

Bluecap is a specialised strategic consultancy firm concentrated on the economic sector. Headquartered in Spain, with places of work in Madrid and Barcelona, Bluecap has additional than 160 consultants operating for renowned money institutions, this sort of as Santander, Caixabank and Sabadell. The organization gives the C-suite of substantial economical institutions with professional advice on the strategic management of Possibility, Commercial, Finance and Cash whilst leveraging its know-how in advanced analytics. &#13

“At Bluecap, we layout new company styles and tactics for tomorrow’s financial institutions, drawing on our sophisticated analytical competencies although aiding to combine new solutions made available by the most modern fintech firms. By signing up for forces with Globant, we will be able to present even much better worth to our consumers, combining our commercial banking and threat management capabilities, with Globant’s electronic transformation expertise and their global presence,” explained Maite Barrera, Bluecap’s founder and CEO.

Martín Umaran, Globant’s co-founder and Main of Team in demand of M&A, additional: “We are seriously very pleased to have Bluecap sign up for our staff. With this acquisition, we are moving ahead with closing strategic investments in parts that complement Globant’s price proposition.”

About Globant
We are a digitally native business where innovation, design and engineering meet up with scale. We use the latest technologies in the digital and cognitive industry to completely transform corporations in every single aspect.

  • We have additional than 14,300 staff and we are present in 16 international locations functioning for corporations like Google, Rockwell Automation, Digital Arts and Santander, among some others.
  • We ended up named a Worldwide Chief in CX Enhancement Expert services by IDC’s MarketScape report.
  • We ended up also showcased as a company situation review at Harvard, MIT, and Stanford.
  • We are a member of the Cybersecurity Tech Accord.

For far more data, stop by www.globant.com

Forward Looking Statements
This press release includes “forward-hunting statements” inside of the this means of the Personal Securities Litigation Reform Act of 1995. The anticipations relevant to the businesses of Globant and Bluecap might differ from their genuine outcomes and consequently, you need to not depend on these ahead wanting statements as predictions of long run functions. In some cases, you can recognize forward-seeking statements by terminology this kind of as “consider,” “could,” “will”, “estimate,” “continue on,” “anticipate,” “intend,” “must,” “system,” “expect,” “forecast,” “likely,” or the unfavorable of these conditions or other comparable expressions. These ahead-looking statements include things like, without limitation, expectations with regard to the expected added benefits of the proposed acquisition. These ahead-hunting statements involve significant dangers and uncertainties that could result in the real effects to vary materially from the expected final results. Most of these elements are exterior of the regulate of Globant and Bluecap and are hard to predict. Components that could bring about these kinds of discrepancies involve, but are not confined to: (1) the means to recognize the predicted gains of the proposed acquisition, (2) prices relevant to the proposed acquisition, (3) adjustments in relevant laws or rules, (4) the demand for Bluecap’s expert services alongside one another with the risk that Bluecap may perhaps be adversely influenced by other economic, small business, and/or competitive components and (5) other variables discussed less than the heading “Risk Aspects” in our most new Variety 20-F submitted with the Securities and Exchange Fee and any other chance things bundled in subsequent reviews on Form 6-K. Because of these uncertainties, you must not make any financial commitment selection based mostly on these ahead-wanting statements. Except as necessary by regulation, we undertake no obligation to publicly update any forward-searching statements for any rationale after the date of this press release no matter if as a result of new data, upcoming functions or or else.&#13

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