Globant´s Third Financing Round

Last month we closed our third financing round with Riverwood Capital and FTV Capital. These are more than great news for us, not only because it shows the strength of our business, but also because it proves the power of the work we have been doing during the past years.

Despite the fact that we did not need outside capital to continue growing the business, we decided to increase our resources to accelerate our expansion and acquisitions plan throughout Latin America and the U.S. which, in short, will mean more value-added for our customers. We believe that these are times to make strong companies even stronger, and that the current macroeconomic context represents a big opportunity for Globant to expand its business and offer great value to our customers.

Let me tell you a bit more about our partners: Riverwood Capital, who invested on us for the first time in July last year, is a well known globally-focused private equity firm that invests in high-growth businesses in the technology and services industries. Riverwood is showing their commitment and trust in Globant by investing on us again. FTV Capital (www.FTV Capital.com), on the other hand, is a $1billion private equity fund focused on providing growth equity to companies seeking to finance organic expansion, recapitalizations, build-ups and buyouts. Riverwood Capital and FTV Capital are bringing to the table a very relevant experience to take our company to the next level.

Closing this important financing round during these challenging times is a consequence of the exceptional performance that Globant has been demonstrating since we founded the Company. In 2008 we will almost double our revenues, while building at team of more than 1,000 Globers. In July of this year we completed our first acquisition adding Accendra to the team, a Company specialized in Microsoft technologies with 120 professionals in Argentina, Colombia and Chile.

Globant is today stronger than ever. We came a long way thanks to your continued support, and we are ready to continue improving, adjusting to our client´s needs and offering the best value. We are ready to be creative and to deliver all of our passion to the business.

Warm regards,

Martin Migoya