Globant "Chooses France": Acquires Pentalog to reinforce its presence in France and continue its European expansion
Globant (NYSE: GLOB), a digitally native technology services company, announced today that it has entered into a definitive agreement to acquire Pentalog, a renowned digital transformation company that creates high-quality technology solutions and products for digitally native organizations in key industries such as finance, sports, gaming, travel, and education, among others.
The acquisition will support Globant's plans to expand its footprint and services in France. This agreement is also very significant to the Company's growth plans in the Netherlands and DACH Region, adding a robust team of highly skilled engineers, tech specialists and consultants, and an impressive client roster.
Globant's Co-Founder and CEO, Martin Migoya, will further comment on this important investment later today at Choose France Summit that will take place at the Palace of Versailles.
Pentalog serves some of the strongest brands in key industries, such as Criteo, Adidas, Cegid, BitPanda, TripAdvisor, Ipsos or G4S, among other 500+ companies in several sectors. Today, the Company is working on over 250 digital products with some of the world's most innovative engineers. This combination will allow actual and potential clients of Globant and Pentalog to benefit from increased collaboration, scale-up solutions, and an enriched and broader value proposition.
Founded in 1993 in Orleans, France, Pentalog houses 1,300 professionals in France, Romania, Moldova, Mexico, Vietnam, and the U.S., among other countries, and offers a robust value proposition including digital services to solve customers' business problems and a recruiting division to support customers' internal teams expansion. In its 30 years, Pentalog was able to build a strong business pipeline with close to 80% of its revenues coming from European accounts and the remaining revenues generated in North America.
Pentalog's Co-founder and CEO, Frédéric Lasnier, will remain with Globant together with his partners and the larger Pentalog team.
"France is one of the world's top economies and innovation hubs and we wanted Globant to have a stronger presence in such important geography. Pentalog impressed us with its amazing culture of innovation, client-centric approach, and diverse talents. Together, we will be able to continue offering top-notch services and products to keep reinventing some of the most beloved brands in the world," said Martin Migoya, Co-Founder and CEO of Globant.
"Before this connection, I always had Globant in my sights. Both as a model of inspiration and as a reference in digital transformation around the world. Now that I have Globant at my side, no doubt we'll reach the top of the podium in Europe," said Frédéric Lasnier, Co-founder and CEO of Pentalog.
"We are thrilled to welcome Pentalog as part of the Globant family. They are a great organization with a similar vision and dream, and a perfect fit for our European expansion strategy," said Martin Umaran, Co-founder and President of Europe of Globant.
"Once Pentalog is fully integrated, we will be able to offer better services to more companies with a local flavor and delivery in more European countries. This combination will support big time our plans to support Europe's top brands digital transformation," said Fernando Matzkin, Chief Business Officer for Europe of Globant.
Completion of this transaction is subject to customary closing conditions.