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M&A Deal Summary

Globant Acquires Avanxo

On January 18, 2019, Globant acquired internet software and services company Avanxo

Acquisition Highlights
  • This is Globant’s 3rd transaction in the Internet Software and Services sector.
  • This is Globant’s 1st transaction in Colombia.

M&A Deal Summary
Date 2019-01-18
Target Avanxo
Sector Internet Software and Services
Buyer(s) Globant
Deal Type Add-on Acquisition

Target

Avanxo

Bogota DC, Colombia
Avanxo is a cloud transformation company with presence in the United States, Brazil, Mexico, Colombia, Peru, and Argentina.

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Buyer(S) 1

Buyer

Globant

Luxembourg, Luxembourg
Category Company
Founded 2003
Sector Software
Employees29,112
Revenue 2.1B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 9 of 26
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 8 of 25
Country (Colombia) 1 of 1
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 PointSource

Raleigh, North Carolina, United States

PointSource LLC is a designer and development tech agency comprised of insightful, inquisitive, and talented digital experts specialized in retail, supply chain and insurance services solutions. PointSource LLC was founded in 2004 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 Belatrix Software

Redwood City, California, United States

Belatrix Software is nearshore and offshore software development firm. Belatrix Software was founded in 1993 and is based in Redwood City, California.

Buy -
Mergr

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