Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) has launched the BeKindTech Fund, a $10 million initiative aimed at addressing the societal issues arising from technology misuse. The fund invites global tech startups to apply for investments ranging from USD 100K to USD 1 million. The selection will focus on projects that can effectively change user behavior and promote positive practices. CEO Martín Migoya highlighted the importance of ensuring technology serves humanity positively, amidst rising concerns over issues like social media addiction and AI bias.

Globant (NYSE: GLOB) will host a global online event titled CONVERGE: The Power of Reinvention on November 10th at 12pm EST. Hosted by James Corden, prominent speakers include will.i.am and Prof. Yuval Noah Harari, discussing the future of technology in business. The event will cover trends like AI, metaverse, and blockchain, aimed at guiding organizations in leveraging innovation. Free registration is available at CONVERGE website.

Globant has launched a new Metaverse Studio, becoming the first tech services company to specialize in the metaverse. This initiative aims to provide organizations with innovative solutions to harness opportunities within the metaverse. Over 2000 skilled professionals will support this effort, focusing on digitalization, media, gaming, and blockchain. Globant will host a panel at its Converge event on November 10th, discussing the metaverse's impact on businesses. CEO Martín Migoya emphasizes that these digital spaces will enhance engagement and allow brands to innovate their customer interactions.

Globant (NYSE: GLOB) has joined the Green Software Foundation, an initiative formed in May 2021, aimed at promoting sustainable software practices to combat climate change. This move is part of Globant's ongoing commitment to sustainability, building on its Net Zero Roadmap that aims for carbon neutrality by year-end 2021. Santiago Fontanarrosa, VP of Technology at Globant, emphasizes the company's responsibility to create greener technology. The organization now includes 14 members, collaborating to share best practices in reducing carbon emissions from software development.

Globant (NYSE: GLOB) has acquired Atix Labs, a blockchain-focused professional services company, to enhance its capabilities in the rapidly expanding blockchain market, projected to grow tenfold by 2025. This acquisition aims to fortify Globant's offerings across various sectors, including Finance, Healthcare, and Supply Chain. Atix Labs, founded in 2013 and based in Argentina, has a strong client base, including Fortune 500 companies. The integration is anticipated to be seamless, leveraging both companies' strengths to deliver innovative solutions to clients.

Dock, a leader in financial technology infrastructure across Latin America, has strengthened its Board of Directors by appointing three executives from prominent global companies, including Airbnb, Billtrust, and Globant. The new members are Sam Shrauger, Global Head of Payments at Airbnb, Mark Shifke, CFO of Billtrust, and Patricia Pomies, COO of Globant. This expansion follows Dock's rebranding from Conductor and aims to leverage their industry expertise to enhance Dock's position within the digital payments market.

FTV Capital has announced strategic promotions and new hires to enhance its business development, marketing, and investor relations capabilities. Richard Liu has been promoted to partner, reflecting his seven-year tenure and significant contributions in enterprise technology investments. Adam Hallquist is now principal, noted for his leadership in financial services. Marija Periša Kegel has been elevated to principal of strategic business development, while Annis Steiner and Alia Rafi join as principals for marketing and investor relations, respectively. FTV's Global Partner Network continues to play a crucial role in supporting portfolio companies.