Globant S A Stock Price, News & Analysis

Globant (GLOB) has acquired eWave, a leading digital commerce experience consultancy based in Australia, enhancing its digital commerce capabilities and expanding its presence in the Asia Pacific region. The acquisition aims to leverage eWave's expertise in Adobe and Salesforce solutions, facilitating end-to-end digital transformations for global clients. eWave, founded in 2009, operates in multiple countries and has served prominent clients like Nike and Coca-Cola. This strategic move aligns with Globant's growth strategy, reinforcing its position as a leader in digital transformation services.

Globant has announced the launch of its new Enterprise Platforms Studios, integrating its expertise in Salesforce, SAP, and Oracle to enhance business processes and drive innovation. This initiative aims to equip organizations with end-to-end digital transformation services, enabling agility and adaptation in a fast-paced market. The offering includes the Process Optimization Studio, Salesforce Studio, Oracle Studio, and SAP Studio, focusing on efficiency and operational resilience. The launch strengthens Globant's position in the enterprise applications sector.

Globant (NYSE: GLOB) will release its third-quarter financial results for the period ending September 30, 2022, on November 17, 2022, after market close. Following this, CEO Martin Migoya and CFO Juan Urthiague will hold a video conference call at 4:30 PM ET to discuss the results. Globant is a digitally native technology services company with over 25,900 employees across 21 countries, serving clients such as Google and Electronic Arts. The company has been recognized as a leader in CX Improvement Services by IDC MarketScape.

Globant has formed a multi-year partnership with the LA Clippers to enhance the digital experience at the upcoming Intuit Dome, set to open in 2024. This partnership will focus on integrating advanced technologies to create a seamless fan experience. Globant, recognized for its innovative solutions in the sports industry, aims to revolutionize how fans engage with live games. The announcement follows Globant’s recent agreement with FIFA, highlighting its growing influence in the sports and entertainment sectors. This collaboration signifies a strategic move to leverage technology for enhancing fan interaction and engagement.

ConnexPay, a leader in payments technology, has secured a $110 million growth equity investment led by FTV Capital. This funding will facilitate ConnexPay's expansion into new verticals and geographies, building on a remarkable 500% net revenue growth year-to-date 2022. The company, founded in 2017, serves various industries including travel and fintechs, and has doubled its active clients in the past year. With this latest round, ConnexPay’s total funding reaches $145 million. The investment will also support continued technology enhancements and the hiring of key staff for global expansion.

Globant (NYSE: GLOB) has launched WaaSabi, a wallet-as-a-service API platform designed to enhance digital payment capabilities for businesses across various sectors. This B2B fintech solution includes over 42 features, allowing seamless integration of payment services. With the global digital payments market projected to exceed $15 trillion by 2027, WaaSabi aims to streamline payment processes while ensuring PCI compliance. Key functionalities include balance top-ups, money transfers, and transaction security features.

Globant (NYSE: GLOB) announces its annual flagship event, CONVERGE: Reinventing Connections, to be streamed by CNBC on November 3, 2022, at 12:00 p.m. EDT. This event will gather innovators and thought leaders to discuss how technology intersects with humanity, impacting connections globally. Speakers include Karlie Kloss, Tristan Harris, and Arianna Huffington. Last year's event attracted over 20,000 viewers, showcasing the strong interest in tech trends. Attendees can register for free online.

Globant has entered a multi-year partnership with FIFA to enhance the FIFA+ streaming platform, starting with the FIFA World Cup Qatar 2022. As the Global Platform Supporter, Globant will develop new features for FIFA+ and sponsor major events including the FIFA Women's World Cup 2023. The agreement also designates Globant as a FIFAe Series Global Sponsor through 2025. With over 25,900 employees, Globant aims to drive digital transformation in sports, engaging football fans worldwide.