Globant Named Among Top 5 Service Providers In Latin America For Second Year Running

Buenos Aires, Argentina – February 5, 2008 - Globant, the Latin American leader in software product development and maintenance outsourcing, today announces its inclusion on the 2008 Global Services 100 list. Globant, honored in part for its excellence in leveraging Open-Source and proprietary software, has placed in the top five of the top 10 Leaders South of the Border. The Global Services 100 list, now in its fourth year, has quickly become the industry standard for buyers of business and technology services to identify the leading service providers on four continents.

“Our inclusion today authenticates our standing as a leader in the industry and recognizes the exemplary work we have done for our clients,” said Martin Migoya, CEO Globant. “We are honored to stand among such prestigious companies and look forward to surpassing standards again in the year to come.”

The Global Services 100 is an evaluation conducted through a scientific methodology based upon data provided by the service providers and third parties regarding effective operations, service offerings, client relationships and human capital. This year’s survey garnered hundreds of participants in 17 countries, with delivery centers across 31 countries.

“The Global Services 100 list, brought out by Global Services and neoIT, has grown to be a highly credible listing of global IT services and BPO companies. The list helps service buyers leapfrog the request-for-information stage and the category winners almost always make it to the RFP stage in a service deal. That’s the unique advantage a Global Services 100 company enjoys,” says Ed Nair, Editor, Global Services.

Global Services and neoIT will present the awards to category winners at the 2008 Global Services Conference being held on March 12, 2008 at the Marriott Marquis in New York City.

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™ 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.

About Global Services:
Global Services is a media platform with a portfolio that includes a magazine, website, events, newsletter and customized solutions. Our audience consists of corporate professionals engaged in the sourcing and management of business and technology services. Global Services is owned by CyberMedia (India) Limited. www.globalservicesmedia.com

About neoIT:
neoIT is a management consulting firm that helps leading corporations improve and grow their business by capitalizing on services globalizationSM. Through a blend of strategic advisory services and hands-on execution support, neoIT provides advice and management expertise on the globalization of Information Technology (IT) and Business Process Outsourcing (BPO) services. For more information, visit www.neoIT.com.