SOURCE: Globant

June 24, 2008 09:45 ET

Globant Acquires Software Company Accendra

Transaction Between the Two Argentinean Companies to Strengthen and Expand Service Offerings in Latin America, US and Europe

BUENOS AIRES, ARGENTINA--(Marketwire - June 24, 2008) - Globant, the Latin American leader in software product development and maintenance outsourcing, has announced the acquisition of Accendra, an Argentinean software company. The acquisition brings strategic talent to Globant, expanding its portfolio, strengthening the company's international presence and maintaining Globant's standard of superior service for all clients.

Accendra's prominent presence in Latin American, coupled with its strong relationships with key customers in countries such as Chile, Colombia and Mexico, strengthens Globant's presence in the region. Accendra's team of more than 100 professionals is now joining the team of 800 Globant employees to offer an expanded portfolio of services from Globant offices in Buenos Aires, La Plata, Tandil, Chile, Mexico, Boston, Dallas, Palo Alto, Phoenix and London.

The Accendra acquisition solidifies Globant's position as a key player in the outsourcing industry and strategically positions the company for future acquisitions.

"We share a culture of innovation with Accendra -- its expertise in .NET and its Latin American coverage are both valuable assets. Our global vision, growth and world-class clients, combined with the experience and talent in both companies, will result in a wider and richer portfolio of services and enhanced relationships with our clients," said Martin Migoya, CEO Globant. "We'd like to welcome the outstanding professionals that are joining us. We are deeply committed and excited about this project."

Task forces from both companies will work together to integrate Accendra's team with Globant's, merging business practices from both companies and improving the product offerings to the market.

"I'm impressed by Globant's talent and elite client base and am convinced that the Accendra team will find a wealth of new challenges and opportunities that will allow them to capitalize on their creativity," said Martin Iglesias, Accendra CEO.

Globant and Accendra have offered software services from Argentina to the world for five years, showing that the Latin American IT industry is rich in talent and has a great potential to keep on growing. This integration will propel growth opportunities both for the company and its customers, enforcing Globant's position as a leader in software product development and maintenance in Latin America.

About Globant

Globant is the Latin American leader in software product development and maintenance outsourcing. With a rational blended approach of leveraging Open-Source and proprietary software, Globant gives companies agility and flexibility while mitigating risk and reducing total cost of ownership. Globant's proprietary SmartStaffing Technology™ yields high performance teams that enable companies to quickly develop their software products faster and gain an edge in the competitive landscape with the lowest total cost of ownership. Globant is a privately held, privately funded company headquartered in Buenos Aires, Argentina with offices in Tandil and La Plata in Argentina, Palo Alto, Phoenix and Boston in the United States, Mexico City and London. For more information, visit www.globant.com.

Contact Information

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