Globant S.A.
Acquisitions
7
Major Deals Covered
This page covers 7 major deals from 2011 to 2023, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Nextive | 2011 | Undisclosed | Globant acquired Nextive in 2011. |
| TerraForum | 2012 | Undisclosed | Globant acquired TerraForum in 2012. |
| PointSource | 2017 | Undisclosed | Globant acquired PointSource in 2017. |
| CloudShift | 2021 | Undisclosed | Globant acquired CloudShift in 2021. |
| GeneXus | 2022 | Undisclosed | Acquired leading enterprise low-code development platform to automate software creation and legacy modernization. |
| Iteris & Walmeric | 2023 | Undisclosed | Acquired marketing automation, lead management, and digital transformation consultancies in Europe and the Americas. |
| Pentalog | 2023 | Undisclosed | Globant acquired Pentalog in 2023. |
2023
Acquired marketing automation, lead management, and digital transformation consultancies in Europe and the Americas.
Strengthened marketing technology and cloud consulting capabilities.
Integrated into Digital Experience Studios.
2023
Globant acquired Pentalog in 2023.
2022
Acquired leading enterprise low-code development platform to automate software creation and legacy modernization.
Added proprietary low-code intellectual property and expanded enterprise SaaS recurring revenues.
Core operating product under Globant X.
2021
Globant acquired CloudShift in 2021.
2017
Globant acquired PointSource in 2017.
2012
Globant acquired TerraForum in 2012.
2011
Globant acquired Nextive in 2011.
Globant's 2025-2026 strategy centers on AI-native delivery: AI Pods sold on subscription or consumption pricing, the Glob.AI platform opened to the wider market in August 2026, and partnerships with model and tooling providers including Anthropic, OpenAI and Vercel. It is also growing its top accounts (top 50 clients up 6.9% year over year in Q2 2026), expanding in Europe and the Middle East, and restructuring the delivery organization to lower costs.
Globant sells technology services to large companies. Most revenue comes from teams of engineers, designers and data specialists billed on time-and-materials or fixed-price contracts, grouped into specialist Studios (AI, gaming, cloud, digital experience, enterprise software and others). Since 2025 it has been repackaging delivery as "AI Pods": subscription offerings where clients buy token-based capacity or outcomes rather than hours. In August 2026 it opened its Glob.AI platform so any enterprise can buy AI Pods and pay by output or consumption. Revenue is concentrated in large accounts: in Q2 2026 the top client contributed 8.9% and the top ten 30.6%, and 63% of revenue was billed in US dollars.
Notable Globant acquisitions include Clarice Technologies (India), Belatrix Software and Avanxo (2019), CloudShift (2021), GeneXus (2022), creative agency GUT and Pentalog (2023).
Globant bought GUT to merge creative brand and marketing work with its software engineering and AI capabilities. Deal terms are not stated here because they could not be verified.
Acquiring GeneXus gave Globant a proprietary AI-powered low-code software development platform used by enterprises worldwide to automatically generate multi-platform applications, significantly accelerating client modernization projects.
Acquiring Belatrix Software brought over 600 skilled agile engineers across Argentina, Peru, and Colombia, deepening Globant's domain expertise in financial services, payment systems, and digital health while expanding delivery capacity.
Globant acquired UK-based Cloudshift to expand its European Salesforce Studio, gaining multi-cloud Salesforce consulting capabilities and multi-tier certifications across digital marketing, service cloud, and enterprise CRM integrations.
Globant executes targeted acquisitions in strategic geographic regions, such as Clarice Technologies in India, Blank in Australia, and Bluecap in Spain, to establish immediate local delivery infrastructure, senior engineering leadership, and regional client relationships.
Globant evaluates targets based on strong cultural alignment, specialized technological or domain expertise (AI, cloud, gaming, design), prestigious enterprise client rosters, and financial accretion to operating profit margins and revenue growth.
Globant integrates acquired companies into its Studios architecture, providing acquired team members with global career mobility, access to Globant University learning paths, and immersion into Globant's entrepreneurial 'Be Kind' culture.
Globant executes a massive, highly aggressive rollup strategy, frequently buying small, elite boutique agencies around the world to acquire highly specialized talent. Their most notable massive acquisition was the 2022 buyout of GeneXus (a low-code platform) and numerous European design agencies to aggressively expand beyond their Latin American base.
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