Mergers and Acquisitions, Enterprise, Content

Globant Acquires Cloud Systems Integrator Avanxo

Share
Credit: Getty Images

Globant has acquired Avanxo, a cloud systems integrator focused on Salesforce, Amazon Web Services (AWS), Google Cloud Platform (GCP) and Informatica. The deal is expected to close in February.

Diego Maldonado
Diego Maldonado
Martin Migoya

Owning Avanxo will help Globant to bolster its position as a leader in the digital and cognitive era, according to Martin Migoya, Globant CEO and co-founder.

Backed by 310 employees, Avanxo's customer base extends across the United States, BrazilMexicoColombiaPeru and Argentina.

Among Avanxo's claims to fame, the company became Salesforce's first independent Platinum Consulting Partner in Latin America, and is an AWS Advanced Consulting and MSP Certified Partner.

Globant and Avanxo share such core values as talent development, employee satisfaction, close alignment with partners, and customer success, Avanxo CEO Diego Maldonado asserts.

Globant's Business Scale, Growth

Founded in 2003, Globant is one of South America’s largest success stories in the technology professional services space, according to Consultancy Latin America

The IT consulting firm has more than 7,800 professionals across 13 countries. Clientele includes LinkedIn, BBVA, EA, and Coca Cola.

Globant has been in growth mode. Revenues were $134.6 million in Q3 2018, up 22.7% from Q3 2017. The company expects to announce Q4 2018 results on February 14 ,2019.

Globant: Acquiring IT Consulting Firms

This is Globant's seventh major acquisition since 2011, that magazine notes. Earlier deals include:

  • Clarice Technologies (United States and India)
  • Huddle Group (Latin America, United States and UK)
  • Nextive (United States)
  • PointSource (United States)
  • Ratio (United States)
  • TerraForum (Brazil)
Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.