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

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Globant gets to be just one of the 1st primary digital players to spend in a reduced-code platform to propel enterprise transformation.

GeneXus developed a major minimal-code platform that simplifies computer software improvement and evolution and is currently being employed by primary providers in many Latin American and Asian nations.

With this arrangement, the Business strengthens the supplying of Globant X, its products division.

NEW YORK, April 20, 2022/PRNewswire/ — Globant (NYSE: GLOB), a digitally indigenous technologies services organization, declared these days that it has entered into a definitive agreement to acquire GeneXus, a renowned organization that made a major reduced-code system extensively employed in several industries. With this procedure, Globant grew to become a single of the first major digital players to devote in a low-code system as a instrument to produce more quickly and superior-good quality digital transformation. GeneXus will also reinforce the giving of Globant X, a committed group in demand of productizing the Firm’s most transformative tech into scalable platforms. 

With about 30 decades in the industry and currently being utilized by 1,700+ corporations in Latin The usa and Asia, GeneXus is a solid product that offers a globe-course lower-code system enriched with Synthetic Intelligence (AI) characteristics in a welcoming tool to generate, produce and retain end-to-conclusion answers prepared to run in all types of equipment.

“We are thrilled to incorporate GeneXus to our platform´s portfolio. Low-code platforms can foster enterprise reinventions as they help corporations to develop new purposes and solutions a lot quicker. This is definitely significant in this era wherever technological innovation evolves to fulfill close-users anticipations”, said Martín Migoya, CEO and Co-Founder of Globant. “We are very pleased to have Nicolás Jodal, GeneXus CEO and Co-Founder, be a part of our workforce as we retain increasing GeneXus globally with his leadership and knowledge and our deep experience in AI and presence in 18 nations”, he added.

Launched in Uruguay in 1988, with 150+ specialists, GeneXus has created an amazing client portfolio together with large properly-reputed organizations as Mitsubishi Electric, Itaú, Honda, Pan American Energy, and Television Azteca, between other people, in important industries these kinds of as Economical Products and services, Retail, and Industrial & Production. Nicolás Jodal, CEO and Co-Founder of GeneXus, and his workforce will sign up for Globant to continue on expanding GeneXus globally.

“We are very pleased to spouse with Globant. Collectively, GeneXus will enter a new period and absolutely develop into the world’s most impressive minimal-code system”, stated Nicolás Jodal, Co-Founder and CEO of GeneXus.

“I am really enthusiastic about this settlement. Globant is the ideal strategic partner to prolong computerized program improvement and keep on simplifying the generation and upkeep of computer software for clients around the world”, mentioned Breogán Gonda, Co-Founder and Chairman of GeneXus.

Guibert Englebienne, Co-Founder of Globant and President of Globant X, said: “We welcomeGeneXus to the Globant X spouse and children with excellent timing, when we are growing and solidifying our platform portfolio and reaching new markets. Each organization cultures will in good shape seamlessly and partnering with such an revolutionary and gifted crew led by Nicolás Jodal will be remarkable”.

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

About Globant

We are a digitally indigenous company that aids corporations reinvent themselves to generate a way ahead and unleash their likely. We are the area the place innovation, style and engineering satisfy scale.

  • We have far more than 23,500 employees and we are existing in 18 international locations functioning for providers like Google, Digital Arts and Santander, between other individuals.
  • We have been named a Worldwide Chief in CX Enhancement Services by IDC MarketScape report.
  • We were also highlighted as a organization case review at Harvard, MIT, and Stanford. 
  • We are a member of the Environmentally friendly Computer software Basis (GSF) and the Cybersecurity Tech Accord.

Ahead Wanting Statements

This push release is made up of “forward-on the lookout statements” in just the which means of the Personal Securities Litigation Reform Act of 1995. The anticipations linked to the firms of Globant and GeneXus might vary from their real outcomes and therefore, you ought to not rely on these forward on the lookout statements as predictions of potential occasions. In some scenarios, you can detect ahead-hunting statements by terminology this kind of as “imagine,” “may,” “will”, “estimate,” “go on,” “anticipate,” “intend,” “should,” “approach,” “assume,” “forecast,” “prospective,” or the negative of these terms or other related expressions. These forward-on the lookout statements include things like, with out limitation, anticipations with regard to the anticipated positive aspects of the proposed acquisition. These forward-wanting statements require significant dangers and uncertainties that could result in the genuine benefits to vary materially from the predicted benefits. Most of these factors are outdoors of the regulate of Globant and GeneXus and are tough to predict. Factors that may perhaps lead to this sort of dissimilarities involve, but are not constrained to: (1) the means of the parties to complete the proposed acquisition (2) the hazard that the situations to the closing of the acquisition are not content in a timely way or at all, (3) or the regulatory approvals required for the transaction may well not be obtained on the conditions envisioned, on the expected schedule, or at all (4) the chance that disruption from the transaction materially and adversely has an effect on GeneXus’s enterprise and operations (5) constraints for the duration of the pendency of the transaction that affect GeneXus’s capability to pursue selected company options or other strategic transactions (6) the Globant’s capability to identify the predicted added benefits of the proposed acquisition, (7) expenditures similar to the proposed acquisition, (8) Globant’s capability to efficiently mature GeneXus’s organization (9) opportunity adverse reactions or modifications to company relationships ensuing from the announcement, pendency or completion of the proposed acquisition (10) the capability of Globant to retain and employ vital GeneXus staff (11) improvements in applicable legal guidelines or polices, (12) the need for GeneXus’s products and services with each other with the risk that GeneXus may possibly be adversely affected by other economic, enterprise, and/or competitive components and (13) other variables talked over below the heading “Danger Components” in our most new Type 20-F submitted with the Securities and Exchange Fee and any other danger components bundled in subsequent stories on Sort 6-K. For the reason that of these uncertainties, you ought to not make any expense decision centered on these ahead-searching statements. Other than as demanded by law, we undertake no obligation to publicly update any ahead-hunting statements for any purpose immediately after the date of this push release irrespective of whether as a consequence of new details, foreseeable future situations or normally.

Make contact with: [email protected]

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