Globant Announces $1 Billion USD Investment in Latin America to Strengthen Its Presence in the Region, Focusing on AI and Other Emerging Technologies

Globant Announces $1 Billion USD Investment in Latin America to Strengthen Its Presence in the Region, Focusing on AI and Other Emerging Technologies

PR Newswire

BUENOS AIRES, Aug. 10, 2023

BUENOS AIRES, Aug. 10, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced a five-year, $1 billion USD investment plan in Latin America to strengthen its presence throughout the region. Initiatives Globant is pursuing as part of the investment plan include:

Globant new logo

"We were born in Latin America, and believe that it is one of the strongest regions when it comes to innovation, talent, and creativity. Latin America is key for our global growth as a source of continuos improvement of our service offering," said Martín Migoya, Co-founder and CEO of Globant. "We want to expand our capacity for innovation and development of our AI-based offering, always to help organizations stay relevant and leaders in the future."

"Latin America is a  key market for our company and we want to strengthen our regional operation. In this regard, our new Emerging Technologies Innovation Center will drive development in various technologies, like AI, to guide our clients in a constantly evolving world," said Ignacio Iglesias, Chief Business Officer of Globant for Latin America.

Since its creation in 2003 in Argentina, Globant consolidates as one of the leading digital transformation companies in the region with global clients such as Google, Electronic Arts and Santander, among others. The company has more than 27,000 employees in 25 countries. A few weeks ago, Globant was named as a leader in the IDC MarketScape Worldwide Artificial Intelligence Services 2023 Vendor Assesment, confirming its value proposition in this new technology.

About Globant

We are a digitally native company that helps organizations reinvent themselves and unleash their potential. We are the place where innovation, design, and engineering meet at scale.

Contact: pr@globant.com 

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