M&A Deal Summary

Globant Acquires Pentalog

On May 15, 2023, Globant acquired information technology company Pentalog from Marlin Equity Partners

Acquisition Highlights
  • This is Globant’s 9th transaction in the Information Technology sector.
  • This is Globant’s 1st transaction in France.

M&A Deal Summary

Date 2023-05-15
Target Pentalog
Sector Information Technology
Buyer(s) Globant
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

Pentalog

Paris, France
Pentalog is a global provider of software development and digital services, with a focus on customer-facing, business-critical applications. Pentalog’s offering spans the full product lifecycle, including product strategy, UX/UI design, engineering, and ongoing support and maintenance. Pentalog was founded in 1993 and is based in Paris, France.

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Buyer(S) 1

Buyer

Globant

Luxembourg, Luxembourg

Category Company
Founded 2003
Sector Software
Employees30,084
Revenue 2.4B USD (2024)
DESCRIPTION

Globant is a provider of software product development and IT outsourcing services from Latin America. Globant was incorporated in 2003 and is based in Luxembourg.


DEAL STATS #
Overall 23 of 26
Sector: Information Technology M&A 9 of 11
Type: Add-on Acquisition M&A Deals 22 of 25
Country: France M&A 1 of 1
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-24 ExperienceIT

Bloomington, Minnesota, United States

ExperienceIT offers its clients design, delivery, advisory, and agile training services in connection with end-to-end digital transformation projects related to customer service experience, M&A integration, IT modernization, and digital optimization, among other areas. ExperienceIT was founded in 2014 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 Iteris

Brazil

Iteris develops end-to-end solutions across several industries, such as payments & banking, manufacturing, communications, education, retail, and healthcare. Iteris was founded in 2009 and is based in São Paulo, Brazil.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 54 of 65
Sector: Information Technology M&A 8 of 10
Type: Add-on Acquisition M&A Deals 37 of 43
Country: France M&A 1 of 1
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 Tennaxia

Changé, France

Tennaxia is a publisher of SaaS solutions to help listed companies and SMEs/mid-market companies in France with their CSR strategies. The company's mission is to help clients managing their CSR performance (Corporate Social Responsibility), facilitating their HSE governance EHS governance (Environment, Health, and Safety), reducing EHS risks and costs, complying with their main regulatory obligations, and anticipate stakeholder expectations. Tennaxia was founded in 2001 and is based in Changé, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 LifeSize

Austin, Texas, United States

Lifesize is a global provider of video conferencing and omnichannel contact center solutions to millions of users through channel partners in over 100 countries. LifeSize was formed in 2003 and is based in Austin, Texas.

Sell -