Globant (GLOB) Acquires Digital Services Company L4

November 14, 2016 4:34 PM EST

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Globant (NYSE: GLOB) announced the acquisition of L4, a leading digital services company. With this acquisition, Globant expands its US footprint leveraging L4's presence in Seattle.

This acquisition is aligned with Globant's unique vision of creating digital journeys, which involves the creation of different products that take into account each moment of interaction between the brand and the user, creating experiences that are relevant to the moment, the consumer and the environment. Aligned to it, L4's main differentiator is to ideate, design and develop robust digital products and complex software, with a strong focus on innovation and quality assurance. L4's professionals, all based in the US, work with renowned brands to create digital strategies and products to reach millions of consumers.

"L4 shares our vision and recognizes the importance of delivering meaningful experiences for our clients and their end users. The company shares our passion for creativity, innovation and design. We believe that its professionals include some of the best mobile and media minds in the industry. On top of that, they work with the most progressive companies to accelerate digital products to market," stated Martín Migoya, Globant CEO and co-founder. "The company's unique blend of multi-platform experience with a focus on quality assurance sets L4 apart from other digital services companies, so we are sure that this acquisition will strengthen Globant's goal of becoming the best partner in developing profound digital transformations."

"L4's recognized experts will allow us to continue building a global team with what we believe to be some of best talent in the world. L4 is based in the US, which will enable us to expand our local footprint to be even closer to our customers and, thus, propel our partnerships," added Martín Umaran, Globant Chief of Staff and co-founder. "Moreover, L4 will help us increase the depth of our capabilities, based on the company's knowledge around media and entertainment, and experience with the most innovative platforms and current practices, in regards to design, mobile development and IoT. We are thrilled to have them on board."

Founded in 2008, L4 is headquartered in Seattle, WA. The company has 65 professionals working for renowned brands including Sesame Workshop, Seattle Cancer Care Alliance, Chicago Public Media and Sony Pictures Television. They have vast experience working with major platforms and devices including Android, HTML5, XBox, Microsoft UWP, iOS and Apple TV. As proof of its professionals' experience and passion for quality, L4 received the Gold Stevie® Award for "Fastest Growing Tech Company of the Year – Up to 100 Employees," was included in the Inc. 5000 list for 2016, and was recognized as a 2016 Certified Great Place to Work. To date, L4 products have been downloaded more than 100 million times, and the company is responsible for creating many of the market-leading OTT products available today.

L4's Co-Founder & Chief Commercial Officer, Keith O'Neill, added: "Since its founding, the mission of L4 has been to become a leader in creating innovative and meaningful experiences to engage people across every screen. Globant is an extraordinary company that we believe will help us achieve our goals. We are gratified to join a company that shares our same passion for creating digital journeys and innovative software products. We can't wait to start working on all the amazing projects that will result from joining Globant's team."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Definitive Agreement

Add Your Comment