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Argentinean technology outsourcing firm Globant, founded by Endeavor Entrepreneurs Martín Migoya (CEO), Martín Umaran (COO), Guibert Englebienne (CTO) and Nestor Nocetti (EVP Innovation Labs), announced that it has acquired U.S. mobile and social technology firm Nextive. This is the first acquisition of a U.S. firm by an Argentinean IT firm.
Selected by Endeavor in 2005, Globant has attracted major global clients across industries, including Google, Coca-Cola, Disney, LinkedIn, and Nike. Globant recently created eight new studios showcasing the breadth and depth of their services, including “High Performance Computing,” “Consumer Experience,” “Luminous Gaming,” and “Mobile.”
Nextive, which is headquartered in San Francisco and has offices in Buenos Aires and Cordoba, has developed social and mobile applications for clients such as Crowdstar, GSN, and Zynga. Globant will capitalize on the Nextive’s social and mobile expertise by tasking its team with leading Globant’s Mobile Studio. The acquisition will enable Globant to expand its U.S. presence, with Nextive’s 130+ current employees and plans to hire 200 additional employees in the U.S. in the next two years.
This news follows Globant’s recent funding round, in which the company raised $15 million in expansion capital from Riverwood Capital and FTV Capital.
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