Welcome to our dedicated page for Globant S A news (Ticker: GLOB), a resource for investors and traders seeking the latest updates and insights on Globant S A stock.
Globant S.A. reports news on its digitally native technology services business, which combines software engineering, design, enterprise integration, and AI capabilities for organizations pursuing digital transformation. Recurring company updates include quarterly results, annual report filings, shareholder meetings, and governance actions tied to its NYSE-listed shares.
Company announcements also cover partnerships and implementations involving Globant Enterprise AI, subscription-based AI Pods, digital twin operations, payment platform integrations, supply chain traceability, and AI systems for research workflows. These developments reflect the company’s focus on industry-specific solutions that connect technology, creativity, and operational data across global enterprise environments.
FTV Capital has been named to Inc.'s Founder-Friendly Investors list for the fourth consecutive year, recognizing private equity and venture capital firms supporting founder-led companies. The firm reported over $900 million in realizations and deployed more than $650 million in new investments across five companies in 2023. Notable achievements include significant recapitalizations of Agiloft and Docupace, sales of Egress to KnowBe4 and Tango to Blackhawk Network, and international expansion with a new London office. FTV ranked #6 globally in the HEC Paris-Dow Jones Growth Capital Performance Ranking.
Globant (NYSE: GLOB) announces the opening of its new office inside the Intuit Dome, home of the LA Clippers, marking its 10th location in the United States. Located just 20 steps from the basketball court, the office features a Digital Playground for hands-on exploration of AI and cutting-edge technology solutions. This strategic move follows Globant's multi-year partnership with the LA Clippers established in October 2022, where Globant serves as the digital transformation partner integrating the digital roadmap for Intuit Dome. The new location strengthens Globant's presence in Southern California, complementing its existing Glendale office established over five years ago.
Globant (NYSE: GLOB) has announced the global winners of the 5th Women that Build Awards. The winners are: Kavitha Krishnan (Tech Executive Winner from India), Margo Jordan (Tech Entrepreneur Winner from USA), and Inés Huertas (Tech Leader Winner from Spain). Since its inception, the Award has received over 350,000 votes and 6,500 candidates, with support from 170+ organizations and 270+ international judges.
Kavitha Krishnan, VP and Head of Innovation Center Network at SAP Labs India, was recognized for her innovative leadership in technology. Margo Jordan, Founder and CEO of Enrichly, was honored for her work in educational technology focusing on youth mental health. Inés Huertas, Global Head of Data & AI at Kairós, was acknowledged for her expertise in Big Data and Machine Learning.
The winners were selected by a panel of judges including Globant leaders and industry partners. They will be recognized at Globant's annual Converge event and featured on the NYSE Billboard in Times Square.
FTV Capital, a sector-focused growth equity firm, and One Mind at Work, a global nonprofit dedicated to workforce mental health, have announced a groundbreaking partnership to advance mental health and wellbeing within high-growth companies in FTV's portfolio. This initiative coincides with World Mental Health Day, which focuses on workplace mental health as its 2024 theme.
Over two years, FTV will sponsor One Mind at Work memberships for its portfolio companies, providing access to comprehensive mental health programs, subject matter experts, and the Mental Health at Work Index. The partnership aims to set a new standard for investment firms supporting growth-stage companies' success and drive systemic change across the industry.
This collaboration underscores FTV's commitment to investing in healthy, growing technology businesses with exceptional cultures, especially in the era of remote and hybrid work. The initiative is expected to benefit thousands of employees within the FTV portfolio and inspire other investment managers to take similar action in supporting mental health in the workplace.
VALD, a global health technology company specializing in musculoskeletal (MSK) health, has secured a significant growth equity investment from FTV Capital. This investment will enable VALD to expand geographically, enhance product capabilities, and cement its position as a global technology pioneer in MSK health.
VALD's comprehensive suite of MSK technologies helps health professionals enhance diagnostic capabilities and capture real-time data, driving better outcomes. The company has shown market-leading growth, with revenue more than tripling since 2021 and staff in over 30 countries. VALD serves global blue-chip customers, including 75% of major league sports franchises, 90% of Power 5 NCAA colleges, and numerous health systems and clinics.
The investment will allow VALD to grow its global team, launch new product offerings, and continue utilizing AI to create unique applications for its proprietary dataset of tens of millions of MSK health records.
ZEMA Global Data has announced plans to acquire Morningstar Commodity Data, a provider of commodities and energy data and insights. This acquisition is set to position ZEMA as a global leader in enterprise data management and analytics for the energy and commodities industry. The transaction, expected to close later this month, will expand ZEMA's portfolio to over 200 enterprises with broader geographic operations.
Key points:
- ZEMA will expand into financial markets while continuing to serve supply chain-intensive corporates, independent traders, and energy and physical commodities sectors.
- The acquisition brings new capabilities such as real-time data and a multi-tenant public cloud distribution platform.
- ZEMA will offer a broad catalog of energy, commodity, and weather data, coupled with client proprietary data.
- The move follows FTV Capital's significant growth equity investment and Andrea Remyn Stone's appointment as CEO.
Globant (NYSE: GLOB) has announced a definitive agreement to acquire Blankfactor, a U.S.-based IT services consulting firm specializing in Payments, Banking, and Capital Markets. Blankfactor, founded in 2016, has grown rapidly by delivering consulting-led product engineering, data engineering, and enterprise AI solutions to major financial institutions. With over 450 technology professionals across the U.S., U.K., Colombia, Romania, and Bulgaria, Blankfactor brings expertise in card issuing, merchant acquiring, and securities finance.
The acquisition aims to strengthen Globant's Payments Studio in North America and expand its capabilities in the financial services sector. Blankfactor's founders, Michael Wear and Melody Pak, will continue to lead the company post-acquisition. The transaction is subject to customary closing conditions and regulatory approvals.
Williams Racing has announced a new partnership with Globant, a leading digital transformation company and long-time sponsor of Franco Colapinto. Globant, listed on the New York Stock Exchange with over 29,100 employees in 33 countries, is already a global partner of Formula 1. This marks Globant's first team partnership in the sport.
The partnership coincides with Colapinto joining Williams as a driver for the remainder of the 2024 season, becoming the first Argentine driver in F1 in 23 years. Globant aims to enhance digital experiences for fans and racing teams, leveraging its expertise in working with elite sports organizations like FIFA and the LA Clippers.
This partnership adds to Williams' recent collaborations with Komatsu, Keeper Security, and VAST Data, as the team pursues World Championship success.
Monument Consulting has launched its Strategic Supplier Recognition Program to honor top-performing Supplier Partners supporting their Managed Service Provider (MSP) client portfolio. The program acknowledges partners who demonstrate strategic collaboration, results-driven performance, proactivity, and strong representation of Monument to clients and prospects.
The company has announced its 2024 Strategic Suppliers across three categories:
- Staff Aug: 17 suppliers including Aerotek, Apex Systems, and TEKsystems
- Diversity: 10 suppliers including Apidel Technologies, ApTask Global, and ZTEK CONSULTING
- SOW / Services Procurement: 11 suppliers including Globant (NYSE: GLOB), IBM, and Infosys
Ryan Baker, President of Monument Consulting, emphasized the importance of these partnerships in driving success and innovation for their mutual customers.
Globant (NYSE: GLOB) reported strong Q2 2024 financial results with revenues of $587.5 million, up 18.1% year-over-year. The company's IFRS Diluted EPS was $0.87, while Non-IFRS Adjusted Diluted EPS reached $1.51. Globant's growth outlook remains robust, with AI-related revenues growing by nearly 130% in H1 2024. The company served 958 customers and increased its wallet share, with 329 accounts generating over $1 million in annual revenues. Globant provided guidance for Q3 2024, estimating revenues between $611.0-$617.0 million and Non-IFRS Adjusted Diluted EPS of $1.60-$1.64. For the full year 2024, the company projects revenues of $2,407.0-$2,421.0 million and Non-IFRS Adjusted Diluted EPS of $6.30-$6.50.