Globant Announces Definitive Agreement to Acquire Uruguayan Technology Company GeneXus

Globant Announces Definitive Agreement to Acquire Uruguayan Technology Company GeneXus

Buenos Aires – Global (WORLDWIDE) this Wednesday announced the definitive agreement to acquire GeneXus, the Uruguayan company founded in 1988 which has developed a low-code platform that works with artificial intelligence to create, develop and maintain solutions that can run on all types of devices and is used by 1,700 companies in Latin America and Asia. The amount of the operation was not disclosed as it was a confidential agreement.

In this way becomes Globant “one of the first leading digital players to invest in a low-code platform as a tool for faster, high-quality digital transformation”according to an official statement, while “GeneXus will also strengthen the offering of Globant X, a group dedicated to producing the company’s most transformative technology on scalable platforms.”

We are excited to add GeneXus to our platform portfolio. Low-code platforms can drive business reinvention by enabling companies to build new applications and solutions faster“, called Martin MigoyaCEO and co-founder of Globant.

For his part Nicholas Jodal, Co-founder and CEO of GeneXus, stated: “We are proud of the partnership with Globant. Together, GeneXus will enter a new era and will definitely become the most innovative low-code platform in the world.”

The founder of GeneXus.

Therefore, Nicolás Jodal, CEO and co-founder of GeneXus, will join the Globant team. “GeneXus will enter a new era and will definitely become the most innovative low-code platform in the world,” explained Jodal.

            • About GeneXus: Founded in Uruguay in 1988 with more than 150 professionals, GeneXus has developed an impressive client portfolio that includes large reputable companies such as Mitsubishi Electric, Itaú, Honda, Pan American Energy and TV Azteca, among others, in key industries such as financial services, retail and manufacturing.

“The closing of this transaction is subject to regulatory approvals and other customary closing conditions,” Global reported.

I am very happy about this deal. Globant is the ideal strategic partner to expand automated software development and further simplify software creation and maintenance for customers around the world.said Breogán Gonda, co-founder and president of GeneXus.

Guibert Englebienne, co-founder of Globant and chairman of Globant X, said: “We welcome GeneXus to the Globant X family at just the right time as we seek to consolidate our platform portfolio and expand into new markets. Both corporate cultures will blend perfectly and working with such an innovative and talented team led by Nicolás Jodal will be great.“.

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