Globant Acquires Low-code Platform GeneXus to Foster Business Reinvention and Expand its Product Portfolio

Gwen Catherine

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Globant gets a person of the to start with main digital gamers to spend in a lower-code platform to propel business enterprise transformation.

GeneXus developed a foremost minimal-code platform that simplifies software program development and evolution and is getting employed by top corporations in several Latin American and Asian nations.

With this settlement, the Firm strengthens the featuring of Globant X, its product or service division.

NEW YORK, April 20, 2022/PRNewswire/ — Globant (NYSE: GLOB), a digitally native technologies solutions enterprise, introduced these days that it has entered into a definitive agreement to obtain GeneXus, a renowned organization that formulated a primary lower-code platform extensively utilized in quite a few industries. With this procedure, Globant became one particular of the first major digital players to spend in a minimal-code platform as a resource to deliver more quickly and substantial-high-quality electronic transformation. GeneXus will also bolster the giving of Globant X, a focused team in demand of productizing the Firm’s most transformative tech into scalable platforms. 

Globant Acquires Low-code Platform GeneXus to Foster Business Reinvention and Expand its Product Portfolio.

With around 30 several years in the current market and getting applied by 1,700+ providers in Latin The united states and Asia, GeneXus is a reliable item that presents a world-course reduced-code system enriched with Artificial Intelligence (AI) capabilities in a welcoming software to produce, produce and manage finish-to-conclusion solutions ready to run in all sorts of products.

“We are thrilled to incorporate GeneXus to our platform´s portfolio. Reduced-code platforms can foster organization reinventions as they permit corporations to develop new purposes and alternatives quicker. This is completely critical in this period the place technological innovation evolves to meet conclude-buyers expectations”, said Martín Migoya, CEO and Co-Founder of Globant. “We are very pleased to have Nicolás Jodal, GeneXus CEO and Co-Founder, sign up for our group as we continue to keep increasing GeneXus globally with his leadership and understanding and our deep knowledge in AI and presence in 18 countries”, he added.

Established in Uruguay in 1988, with 150+ industry experts, GeneXus has created an extraordinary client portfolio including big very well-reputed organizations as Mitsubishi Electric, Itaú, Honda, Pan American Electricity, and Tv Azteca, amid some others, in critical industries these as Economic Expert services, Retail, and Industrial & Manufacturing. Nicolás Jodal, CEO and Co-Founder of GeneXus, and his team will sign up for Globant to continue on increasing GeneXus globally.

“We are very pleased to husband or wife with Globant. Jointly, GeneXus will enter a new period and definitely turn out to be the world’s most ground breaking reduced-code system”, mentioned Nicolás Jodal, Co-Founder and CEO of GeneXus.

“I am pretty psyched about this arrangement. Globant is the ideal strategic companion to prolong automated software advancement and hold on simplifying the development and servicing of program for consumers around the globe”, mentioned Breogán Gonda, Co-Founder and Chairman of GeneXus.

Guibert Englebienne, Co-Founder of Globant and President of Globant X, claimed: “We welcomeGeneXus to the Globant X family members with great timing, when we are increasing and solidifying our system portfolio and achieving new markets. The two company cultures will in shape seamlessly and partnering with such an revolutionary and talented group led by Nicolás Jodal will be awesome”.

Completion of this transaction is subject to regulatory approvals and other customary closing disorders.

About Globant

We are a digitally native firm that will help organizations reinvent themselves to create a way ahead and unleash their probable. We are the location in which innovation, style and design and engineering meet up with scale.

  • We have extra than 23,500 employees and we are present in 18 countries working for organizations like Google, Digital Arts and Santander, between other individuals.
  • We were being named a All over the world Leader in CX Improvement Companies by IDC MarketScape report.
  • We have been also showcased as a enterprise scenario study at Harvard, MIT, and Stanford. 
  • We are a member of the Green Software program Basis (GSF) and the Cybersecurity Tech Accord.

Forward Seeking Statements

This push launch is made up of “ahead-seeking statements” within just the which means of the Private Securities Litigation Reform Act of 1995. The anticipations relevant to the firms of Globant and GeneXus could differ from their precise success and for that reason, you must not count on these forward wanting statements as predictions of future events. In some situations, you can detect ahead-on the lookout statements by terminology these types of as “consider,” “may well,” “will”, “estimate,” “continue,” “anticipate,” “intend,” “ought to,” “approach,” “hope,” “forecast,” “possible,” or the unfavorable of these phrases or other identical expressions. These forward-looking statements contain, devoid of limitation, anticipations with respect to the expected added benefits of the proposed acquisition. These forward-hunting statements contain major hazards and uncertainties that could lead to the true benefits to differ materially from the expected final results. Most of these variables are outside of the command of Globant and GeneXus and are difficult to predict. Aspects that may perhaps bring about these kinds of dissimilarities contain, but are not constrained to: (1) the means of the parties to finish the proposed acquisition (2) the chance that the disorders to the closing of the acquisition are not glad in a timely fashion or at all, (3) or the regulatory approvals essential for the transaction may perhaps not be obtained on the conditions anticipated, on the expected plan, or at all (4) the chance that disruption from the transaction materially and adversely impacts GeneXus’s business enterprise and operations (5) constraints during the pendency of the transaction that effects GeneXus’s skill to pursue certain small business opportunities or other strategic transactions (6) the Globant’s skill to understand the expected rewards of the proposed acquisition, (7) charges connected to the proposed acquisition, (8) Globant’s ability to correctly mature GeneXus’s organization (9) likely adverse reactions or modifications to enterprise associations ensuing from the announcement, pendency or completion of the proposed acquisition (10) the capability of Globant to keep and retain the services of important GeneXus workforce (11) improvements in applicable legislation or restrictions, (12) the need for GeneXus’s companies together with the risk that GeneXus could be adversely influenced by other economic, small business, and/or competitive components and (13) other aspects reviewed less than the heading “Danger Variables” in our most current Form 20-F filed with the Securities and Exchange Fee and any other possibility factors bundled in subsequent stories on Form 6-K. Due to the fact of these uncertainties, you really should not make any investment conclusion based on these forward-on the lookout statements. Other than as necessary by law, we undertake no obligation to publicly update any ahead-on the lookout statements for any cause soon after the date of this press launch whether or not as a result of new info, foreseeable future activities or or else.

Speak to: [email protected]

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For more information and facts, check outwww.globant.com.

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