M&A Deal Summary

Globant Acquires GeneXus

On April 20, 2022, Globant acquired information technology company GeneXus

Acquisition Highlights
  • This is Globant’s 7th transaction in the Information Technology sector.
  • This is Globant’s 1st transaction in Uruguay.

M&A Deal Summary

Date 2022-04-20
Target GeneXus
Sector Information Technology
Buyer(s) Globant
Deal Type Add-on Acquisition

Target

GeneXus

Montevideo, Uruguay
GeneXus developed a low-code platform that simplifies software development and evolution and is being used by companies in several Latin American and Asian countries. GeneXus was formed in 1988 and is based in Montevideo, Uruguay.

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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 19 of 26
Sector: Information Technology M&A 7 of 11
Type: Add-on Acquisition M&A Deals 18 of 25
Country: Uruguay M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Navint

Henrietta, New York, United States

Navint is a full-service business consulting and enterprise IT transformation firm specializing in managing large-scale business and organizational change for clients with industry vertical expertise in financial services, professional services, and media and entertainment in North America and Europe. Navint was founded in and is based in Henrietta, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Sysdata

Bologna, Italy

Sysdata is a business and technology consultancy that provides advisory services and end-to-end digital transformation projects to blue-chip companies in key industries such as Banking, Insurance, Automotive, Energy, and Retail. It has proven solid capabilities in Data Analytics, Marketing Technology, Business Intelligence, Enterprise Architecture, and Mobile Applications. Sysdata was formed in 1980 and is based in Bologna, Italy.

Buy -