Globant to Acquire Avanxo to Expand Cognitive Transformation Expertise

Globant to Acquire Avanxo to Expand Digital and Cognitive Transformation Expertise

PRNewswire

January 21, 2019

The Company Announced this Acquisition to Keep Bringing Globant’s Native Digital Culture to Corporate Process Optimization and to Continue Expanding its Cloud Implementation Solutions

Globant, a digitally native technology services company, announced it has entered into a binding agreement to acquire Avanxo, a leading cloud transformation company with presence in the United States, Brazil, Mexico, Colombia, Peru and Argentina. Subject to completion of certain requirements set forth in the purchase agreement, the transaction is expected to close in February 2019.

With this acquisition, Globant continues to focus its capabilities in creating digital experiences for large organizations worldwide, expanding its broad expertise in corporate process optimization and cloud technologies.

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“Avanxo shares our vision on how to deliver profound digital and cognitive transformations for the most demanding customers. With Avanxo, we’ll broaden our transformation approach as we keep bringing our digital culture to optimize our customers’ corporate processes,” explains Martin Migoya, Globant CEO and Co-founder. “We have found an amazing team that complements our model, and we are confident that this acquisition will help us propel our positioning as leaders in the digital and cognitive arena.”

“With Avanxo, we are expanding our service offering along with the key partnerships Avanxo holds with Salesforce, Amazon Web Services, Google and Informatica,” added Martín Umaran, Globant Chief of Staff and Co-founder.

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Avanxo pioneered the Cloud System Integration market in Latin America and received widespread recognition for its expertise and ability to drive customer success. Avanxo was recognized as a most valuable partner and became the first independent Platinum Consulting Partner of Salesforce in Latin America. The company is an Advanced Consulting and MSP Certified Partner of Amazon Web Services, and has consistently been recognized by leading publications such as Talkin’ Cloud, CIO Review, CIO Application, Forrester Research and others. The company has 310 IT professionals exceptionally skilled in cloud capabilities and working for renowned brands such as ABInBev, Sulamerica, Ecopetrol, Sika, Allianz, Terpel, Samsung, La Meridional, Audi Argentina, Sodimac and many others.

Diego Maldonado, Avanxo Founder and CEO, said: “We are thrilled to become part of the Globant team. Globant is a premier leader in digital and cognitive transformations, recognized worldwide for its ability to incorporate cloud into its deliverables to enhance customer experience and success. Globant shares our core values focused on talent development, employee satisfaction, close alignment with our partners, and customer success. By joining Globant, we will be able to broadly expand our capabilities and provide a vehicle for growth for our employees and our partners.”

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