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Argentina’s Globant, founded by Endeavor Entrepreneurs Martin Migoya, Guibert Englebienne, Néstor Nocetti and Martin Umaran, recently announced plans to invest $1.2 billion pesos in Argentina over a five-year period that will lead to the creation of 5,000 new jobs.The Buenos Aires-based software development giant has become one of Endeavor’s top success stories following its IPO in 2014. This recent news was announced at Globant’s headquarters with top government officials in attendance, including Argentina’s President Mauricio Macri.
At the announcement, President Macri called for ‘innovation’ to ‘resolve employment problems’ in Argentina’s struggling economy. The company is considered one of the top “unicorn” companies of Latin America, with a market capitalization of over $1.3 billion. Globant CEO Martin Migoya stated that the investments will be distributed in federal form, as evidenced by the purchase of a property in Tucuman where 300 new jobs were created and the opening of an office in Tandil to accommodate 500 employees. Other top Argentine business leaders in the Endeavor network, including Board Member Eduardo Elsztain and Endeavor Entrerepreneur Marcos Galperin, applauded the news and Globant’s commitment to the ecosystem.
“We come from a country where entrepreneurship has been limited, and that must be changed,” said Migoya during the announcement. “Companies can be born out of meetings in bar, just like Globant was.”
Since joining the network, the Globant team has been highly engaged with Endeavor’s work in Latin America and globally, serving as mentors, ISP panelists and donors. The founders have also attended and spoken at a number of Endeavor-hosted events, including both regional and global galas, retreats and summits. Martín and Guibert also serve as board members in Argentina, with Guibert recently named chairman of the local board. The story of the Globant founders is a testament to Endeavor’s model and the multiplier effect of entrepreneurship as the team becomes role models and investors for future generations of ventures.
Learn more about the announcement by clicking here.
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