Globant acquires Iteris Holding to bolster digital transformation in Brazil

Globant (NYSE: GLOB), a leading digitally native company recognized for its innovative technology solutions, today announced a significant acquisition, further expanding its influence in the global tech sphere. The company has acquired Iteris Holding Ltda., a Brazilian consultancy at the forefront of digital transformation. This move strengthens Globant’s operations in Brazil, adding top local digital capabilities and a notable client roster.

Founded in 2009 in São Paulo, Iteris Holding has established itself as a key player in the Brazilian technology sector. The firm boasts a team of over 600 professionals, developing comprehensive solutions across various industries including payments & banking, manufacturing, communications, education, retail, and healthcare. Their client list includes some of Brazil’s most prominent brands such as Fiserv, PagBank, Julius Baer, Nubank, Nutrien, Globo, C&A, Reckitt, and Heineken.

Martín Migoya, Co-Founder and CEO of Globant, expressed enthusiasm about the acquisition. “We’re taking significant steps in Brazil, a market we believe in strongly. This acquisition aligns with our commitment to reinventing businesses in the region and enhances our service portfolio,” said Migoya.

Globant expands Brazilian operations with strategic Iteris Holding acquisition

Fernando Riva, Co-founder of Iteris, echoed this sentiment, noting the opportunities for growth and innovation that the merger with Globant will bring. “Joining Globant is not only a growth opportunity but also a chance to continue our vision of driving digital reinvention,” stated Riva.

Iteris has been recognized as a leader in agile application projects and application quality assurance, earning accolades in the Next-Gen ADM Services study by ISG Provider Lens for three consecutive years.

Ignacio Iglesias, Chief Business Officer in Latin America at Globant, highlighted Brazil’s strategic importance. “Globant already has a strong presence in key industries. With Iteris, we’ll enhance our teams with expert specialists in great digital transformation projects,” Iglesias commented.

Martín Umaran, Co-Founder and Chief Corporate Development Officer of Globant, emphasized the shared values of both organizations. “Our mutual commitment to digital transformation, diversity, inclusion, and equality principles makes Iteris the perfect partner for expanding Globant’s footprint in Brazil,” Umaran noted.

The acquisition signals a new chapter in the digital transformation journey, not just for Globant and Iteris, but for the Brazilian technology landscape as a whole.