Globant to Acquire a Cloud Company, Avanxo, to Expand on Digital and Cognitive Transformation

Globant announced that it planned to acquire Avanxo, a cloud transformation company. Financial terms are not disclosed.

Avanxo a leading cloud transformation company with presence in the United States, Brazil, Mexico, Colombia, Peru, and Argentina. Avanxo has 310 IT professionals with cloud capabilities. It is serving different brands like ABInBev, Sulamerica, Ecopetrol, Sika, Allianz, Terpel, Samsung, La Meridional, Audi Argentina, Sodimac and etc. Avanxo is Advanced Consulting and MSP Certified Partner of Amazon Web Services and the first independent Platinum Consulting Partner of Salesforce in Latin America.

According to the announcement, the acquisition will help Globant to focus on creating digital experiences for large organizations worldwide and expand into corporate process optimization and cloud technologies.

Executive Opinion

Globant CEO and Co-founder, Martin Migoya, said, "Avanxo shares our vision on how to deliver profound digital and cognitive transformations for the most demanding customers. With Avanxo, we'll broaden our transformation approach as we keep bringing our digital culture to optimize our customers' corporate processes. We have found an amazing team that complements our model, and we are confident that this acquisition will help us propel our positioning as leaders in the digital and cognitive arena."

Globant Chief of Staff and Co-founder, Martín Umaran, said, "With Avanxo, we are expanding our service offering along with the key partnerships Avanxo holds with Salesforce, Amazon Web Services, Google and Informatica."

Diego Maldonado, Avanxo Founder, and CEO said, "We are thrilled to become part of the Globant team. Globant is a premier leader in digital and cognitive transformations, recognized worldwide for its ability to incorporate cloud into its deliverables to enhance customer experience and success.  Globant shares our core values focused on talent development, employee satisfaction, close alignment with our partners, and customer success. By joining Globant, we will be able to broadly expand our capabilities and provide a vehicle for growth for our employees and our partners."

What's Next

With this acquisition, Globant enters into the Cloud System Integration and expands into its digital and cognitive transformation expertise. and the transaction is expected to close in February 2019.