The merger between the two Argentinean companies will enforce Globant´s expansion process

Buenos Aires, December 17th, 2008 - Globant the Latin American leader in software product development, R&D, and IT maintenance outsourcing,  today announced the acquisition of Openware -a company specialized in infrastructure security, aiming to widen its portfolio and ensuring the high quality of services to clients all around the world.

Openware, borne in 1994, specializes in IT infrastructure managed services and offers different solutions, such as virtualization, infrastructure, network, security, remote access and Open Source platforms.

With this acquisition, Globant plans to strengthen its services with the experience that Openware brings to the table: the company has a wide portfolio of clients in Argentina and in more than 35 countries. Openware´s professionals join Globant´s team to offer services from Globant´s offices in Buenos Aires, La Plata, Tandil, Rosario, Santiago de Chile, Bogota, México DF, Boston, Palo Alto, Austin and London.

In this way, Globant –who recently closed its third financing round with Riverwood and FTV Capital, continues with the expansion process started in July 2008 with the acquisition of the software company Accendra.

“We are very excited with this incorporation: it´s the second step we take towards our goal of becoming a multinational Argentinean company, and it reinforces our goal of continuing with the acquisitions of companies in Argentina and Latin America,” stated Guibert Englebienne, Globant CTO and co-founder. “With Opewnware we share a culture of innovation and challenges. We are both Endeavor Entrepreneurs, and since our beginnings we betted on the country and on our professionals. We are confident that Globant´s passion and vision, together with the experience and talent of both companies will allow us to enrich our services and relationships with our customers.”

“This merger is a great milestone for the IT industry. Globant is a company with admirable potential; and Openware will be able to add value with its portfolio of solutions, capacities and experiences after 14 years of well-known operations. This process will bring a positive change to the Argentinean IT services industry,” explained Federico Seineldin, Openware CEO and founder.

The integration will result in growth opportunities both for the company and the team of professionals. Moreover, it will allow Globant to enforce its position as leader in software product development and maintenance in Latin America, in the Infrastructure Management and IT security areas.

Globant and Openware offer IT services from Argentina to the world, showing that the national IT industry has a great potential and an excellent source of talent to keep on growing.  

About Globant
Globant is the Latin American leader in software product development, R&D, and maintenance outsourcing. Globant utilizes a rational blend of Open Source combined with proprietary software, which brings flexibility, mitigates risk and further reduces costs. Globant’s proprietary SmartStaffing Technology™ yields high performance teams that enable companies to quickly develop their software products and gain an edge in the competitive landscape with the lowest total cost. Globant is a privately held, privately funded company headquartered in Buenos Aires, Argentina with offices in Tandil, Córdoba and La Plata in Argentina, Palo Alto, Austin and Boston in the United States, Mexico City, Bogota, Santiago de Chile and London. For more information, visit www.globant.com.