Globant Acquires Software Company Accendra

Tue Jun 24, 2008 9:47am EDT

* Reuters is not responsible for the content in this press release.

  BUENOS AIRES, ARGENTINA, Jun 24 (MARKET WIRE) -- 
Globant, the Latin American leader in software product development and
maintenance outsourcing, has announced the acquisition of Accendra, an
Argentinean software company. The acquisition brings strategic talent to
Globant, expanding its portfolio, strengthening the company's
international presence and maintaining Globant's standard of superior
service for all clients.

    Accendra's prominent presence in Latin American, coupled with its strong
relationships with key customers in countries such as Chile, Colombia and
Mexico, strengthens Globant's presence in the region. Accendra's team of
more than 100 professionals is now joining the team of 800 Globant
employees to offer an expanded portfolio of services from Globant offices
in Buenos Aires, La Plata, Tandil, Chile, Mexico, Boston, Dallas, Palo
Alto, Phoenix and London.

    The Accendra acquisition solidifies Globant's position as a key player in
the outsourcing industry and strategically positions the company for
future acquisitions.

    "We share a culture of innovation with Accendra -- its expertise in .NET
and its Latin American coverage are both valuable assets. Our global
vision, growth and world-class clients, combined with the experience and
talent in both companies, will result in a wider and richer portfolio of
services and enhanced relationships with our clients," said Martin Migoya,
CEO Globant. "We'd like to welcome the outstanding professionals that are
joining us. We are deeply committed and excited about this project."

    Task forces from both companies will work together to integrate Accendra's
team with Globant's, merging business practices from both companies and
improving the product offerings to the market.

    "I'm impressed by Globant's talent and elite client base and am convinced
that the Accendra team will find a wealth of new challenges and
opportunities that will allow them to capitalize on their creativity,"
said Martin Iglesias, Accendra CEO.

    Globant and Accendra have offered software services from Argentina to the
world for five years, showing that the Latin American IT industry is rich
in talent and has a great potential to keep on growing. This integration
will propel growth opportunities both for the company and its customers,
enforcing Globant's position as a leader in software product development
and maintenance in Latin America.

    About Globant

    Globant is the Latin American leader in software product development and
maintenance outsourcing. With a rational blended approach of leveraging
Open-Source and proprietary software, Globant gives companies agility and
flexibility while mitigating risk and reducing total cost of ownership.
Globant's proprietary SmartStaffing Technology(TM) yields high performance
teams that enable companies to quickly develop their software products
faster and gain an edge in the competitive landscape with the lowest total
cost of ownership. Globant is a privately held, privately funded company
headquartered in Buenos Aires, Argentina with offices in Tandil and La
Plata in Argentina, Palo Alto, Phoenix and Boston in the United States,
Mexico City and London. For more information, visit www.globant.com.

    

Contact:
Elizabeth Flannery
Kel & Partners
508-366-2099 ext.118
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