Globant (GLOB) Reports Acquisition of Belatrix Software

Globant (NYSE: GLOB) today announced the acquisition of Belatrix Software, a leading agile product development company with nearly 20 years of experience and a presence in Peru, Colombia, Spain, the United States and Argentina.

With this acquisition, Globant reinforces its leading presence in Latin America delivering digital and cognitive transformation for some of the most renowned brands in the world. It will also strengthen its broad expertise in core target industries like finance, payment, insurance, healthcare and retail. In addition, this acquisition demonstrates Globant's leadership in digital transformation, agile, product strategy and more.

"Belatrix shares our vision and approach on how to create successful digital experiences for the most demanding customers in leading industries. It has built outstanding solutions for an amazing roster of clients, which includes many Fortune 500 companies. Belatrix's customer portfolio will reinforce our 50-squared approach, delivering strategic digital transformation to some of the largest organizations worldwide," said Martin Migoya, Globant´s CEO and co-founder.

Belatrix Software is one of the fastest growing software engineering service providers with extensive expertise in agile development and optimized project management methodologies. It works with renowned brands such as FIS, Fluor, PWC, NEC, Adobe, AOL. The company has 600 IT professionals working with leading trends, such as digital transformation, agile, product development and more.

Luis Robbio, Belatrix CEO and co-founder, said: "We're excited to join Globant, because we share values and a culture of innovation and growth. We are sure that this will bring new professional opportunities to our employees and take the company to a new level."

Alex Robbio, Belatrix President and co-founder, said: "With Globant, we can enhance our presence in America and bring a new service offering to our clients in areas like Artificial Intelligence, Machine Learning and Customer Experience, to continue delighting them with stupendous digital solutions."

"For us, it's key to build the best global team ready to face the most demanding challenges from large organizations. In Belatrix's talented team joining Globant, we are uniting forces with an outstanding group of professionals that affirms our leading position in Latin America and in key technologies and industries," added Martín Umaran, Globant Chief of Staff and co-founder.

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