Globant acquires 86.25% of Huddle Group

Globant acquires 86.25% of Huddle Group to improve both companies’ service portfolio by leveraging Huddle Group’s specialization in Media & Entertainment. As the company did with North American Nextive and Brazilian TerraForum, Globant continues to internationalize its team by acquiring a company with global footprint.

Buenos Aires, October 21st, 2013 - Globant, leader in the creation of innovative software products that appeal to global audiences, announced today that it has acquired through one of its subsidiaries a 86.25% stake in Huddle, a UK company specialized in the development of innovative and agile software solutions with operations in the United States, Argentina and Chile.

“Our dream is to become the leading global company in software product development”, stated Martín Migoya, Globant CEO and co-founder. “In order to do so, we want to have the best team, adding professionals that can bring innovation and creativity to the table. In Huddle we see an extremely talented group of people, and we believe that by partnering with them, both Globant and Huddle will be able to provide greater knowledge and even higher quality services to our customers.”

“Our focus on innovation and on keeping on top of the technology curve are key aspects that allow us to helps our clients successfully surf the revolutionary transformations that the industry is facing, thus creating new sources of revenues”, explained Gabriel Spitz, who will continue as Huddle’s CEO. “We are proud to join Globant’s family. Synergies between both organizations will help us reinforce our specialization in Media & Entertainment, provide more value-added to our customers and continue to grow as thought leaders in innovative and agile solutions.”
 
With headquarters in Seattle, Washington and a team of approximately 160 professionals, Huddle has developed deep know-how of some of the most innovative technology trends, and has implemented this knowledge working for some of the world’s most renowned companies. Huddle’s focus is unique since it is based in offering agile solutions with a strong specialization in Media & Entertainment.
 
“With Huddle we share a culture of innovation and a record of success working with the best companies in the world. This deal will help us enrich our services and the relationships with Huddle’s and Globant’s clients, due to Huddle’s focus in specific verticals and our specialization in different trends and technologies”, stated Martín Umaran, Globant Chief of Staff and co-founder. “I’m confident that our investment in Huddle will result in more growth for both businesses, since it will complement the knowledge that each of us has built throughout the years”.
 
This investment continues Globant’s strategy of positioning itself as a global leader in the creation of innovative software products for global audiences, by focusing on new technologies and trends like Gaming, Mobile, Cloud, Social and Big Data.
 
About Globant
We are a new-breed technology services provider focused on delivering innovative software solutions by leveraging emerging technologies and trends. We combine the engineering and technical rigor of IT services providers with the creative approach and culture of digital agencies. Globant is the place where engineering, design and innovation meet scale.
At Globant the best engineers team up with our art design studios and innovation labs to deliver a superb user experience through innovation, usability, scalability and availability. Today, we are the Latin American leader in the creation of innovative software products that appeal to global audiences. In only 9 years, we have created a company that:
- Has 3,000 professionals working for companies like LinkedIn, Electronic Arts, JWT and Coca Cola, among several others
- Was selected as Endeavor Entrepreneur (2005)
- Was named among the top 10 product engineering vendor (2011) by Global Services
- Was recognized among the top 10 vendors in mobile applications development (2012) by IDC Survey
- Was included in the 2010 Cool Vendor in Business Process Services Report by Gartner
- Was featured as case study of Harvard, MIT, Stanford and others