Globant Bundle
Who Owns Globant Company?
Understanding a company's ownership is key to grasping its strategic direction and accountability. Globant's journey from a privately-held entity to a publicly traded company began with its IPO on the NYSE in July 2014.
Globant, founded in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran, and Néstor Nocetti, aimed to reinvent businesses through innovative technology solutions.
As of March 31, 2025, Globant, with over 31,100 employees across 36 countries, reported first-quarter revenues of $611.1 million, a 7.0% year-over-year increase. The company's total revenue for the twelve months ending March 31, 2025, reached $2.5 billion. In 2024, it was recognized as the fastest-growing IT brand and the 5th strongest IT brand globally by Brand Finance. With a market capitalization of $4.75 billion and $2.4 billion in total revenue for 2024, Globant is a significant player in the digital transformation market. This analysis will explore the evolution of Globant’s ownership, from its founders’ initial stakes to the influence of major investors and public shareholders, including insights into its early funding and recent ownership trends, potentially impacting its Globant BCG Matrix.
Who Founded Globant?
Globant was established in 2003 by four friends: Martín Migoya, Guibert Englebienne, Martín Umaran, and Néstor Nocetti. The initial capital was a modest $5,000, underscoring a bootstrapped beginning. Their shared ambition was to create a global software product company originating from Latin America, recognizing Argentina's potential in IT services.
Founding Vision
The founders envisioned building an innovative software company with a global reach, leveraging talent from Latin America.
Initial Capital
The company's inception was supported by an initial capital of approximately $5,000, reflecting a strong entrepreneurial spirit.
Early Funding Rounds
Significant early investment came from Riverwood Capital and FTV Capital, crucial for expansion and acquisitions.
Series A Funding
In 2006, the company secured $7 million in Series A funding from Riverwood Capital, enabling early growth initiatives.
Subsequent Investment
A $13 million financing round in December 2008, with participation from Riverwood Capital and FTV Capital, further supported expansion.
Acquisitions
Early acquisitions, such as Accendra and Openware in 2008, were facilitated by the capital raised during these initial funding stages.
The early ownership structure was primarily driven by the founders' collective stake, though specific equity splits at inception are not publicly disclosed. The strategic investments from firms like Riverwood Capital and FTV Capital during the formative years were instrumental in Globant's trajectory, providing the capital necessary for its initial expansion and strategic acquisitions. These early investors played a pivotal role in shaping the company's growth and, consequently, its evolving ownership landscape. Understanding the company's journey, as detailed in a Brief History of Globant, highlights how these foundational elements influenced its current ownership structure.
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How Has Globant’s Ownership Changed Over Time?
Globant's ownership structure saw a significant shift with its Initial Public Offering (IPO) on July 18, 2014, under the symbol 'GLOB'. This event marked its transition into a publicly traded entity, influencing its subsequent shareholder composition and corporate governance.
| Shareholder Type | Percentage of Ownership (as of March 31, 2025) | Number of Shares (as of March 30, 2025) |
|---|---|---|
| Institutional Investors | 39.57% | N/A |
| Insiders | 36.07% | N/A |
| Public Companies and Individual Investors | 60.43% | N/A |
| T. Rowe Price Group, Inc. | 8.97% | 3,950,324 |
| Wasatch Advisors LP | 7.54% | 3,321,615 |
The journey of Globant's ownership began with strategic investments from firms like WPP, which acquired a minority stake in January 2013, holding 20.6% and maintaining 20.1% post-IPO. Riverwood Capital was a significant shareholder with 23.8% after the IPO, alongside FTV Capital's 14.6% stake from earlier funding rounds. As of March 31, 2025, the company's ownership is diversified, with institutional investors holding approximately 39.57% of the stock. Insiders account for 36.07%, while public companies and individual investors collectively own 60.43%. Key institutional shareholders include prominent names such as Price T Rowe Associates Inc /md/, Wasatch Advisors Inc, Capital International Investors, JPMorgan Chase & Co, Victory Capital Management Inc, and BlackRock, Inc. T. Rowe Price Group, Inc. held 8.97% with 3,950,324 shares, and Wasatch Advisors LP held 7.54% with 3,321,615 shares as of March 30, 2025. This evolving shareholder landscape reflects the company's growth and its commitment to market transparency, aligning with its strategy to serve a broad customer base, including 341 accounts generating over $1 million in annual revenues in the twelve months ended March 31, 2025. Understanding who owns Globant provides insight into its strategic direction and Mission, Vision & Core Values of Globant.
Key Stakeholders in Globant's Ownership
Globant's ownership is a blend of institutional, insider, and public investors. Major institutional shareholders play a crucial role in its governance and strategic decisions.
- Institutional Investors hold 39.57% of Globant's stock.
- Insiders represent 36.07% of the ownership.
- T. Rowe Price Group, Inc. is a significant shareholder with 8.97%.
- Wasatch Advisors LP holds 7.54% of the company's shares.
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Who Sits on Globant’s Board?
The Board of Directors at Globant is instrumental in guiding the company's strategic path and ensuring robust corporate governance. This board is composed of individuals who often represent significant shareholders, the company's founders, and independent directors, bringing a wealth of varied experience to their oversight roles.
| Board Member Role | Key Responsibilities | Areas of Expertise |
|---|---|---|
| CEO | Overall company strategy and operations | Digital technology, regional expansion |
| President of Globant X | Innovation and new ventures | Digital technology, M&A |
| President of Latam | Regional growth and operations | Sales and marketing, financial oversight |
| Lead Independent Director (LID) | Independent oversight and governance | Information and data security, financial management |
| Corporate Governance and Nominating Committee (CGNC) | Sustainability, governance principles, ethics | Environmental policies, ethical business practices |
Globant's voting power is generally structured around a one-share-one-vote principle for its common shares, as detailed in its governing documents. The company's governance framework is overseen by its Board of Directors, which in 2023 enhanced its structure by establishing the role of Lead Independent Director and adopting a charter to define the LID's duties. This move underscores a commitment to best practices in corporate oversight. The Corporate Governance and Nominating Committee specifically addresses sustainability, governance, environmental policies, and ethical conduct, reflecting a comprehensive approach to responsible business operations. There is no public information indicating recent significant shareholder activism or proxy contests that have altered the company's decision-making processes.
Globant's Governance Framework
Globant's Board of Directors is central to its governance, with a focus on strategic direction and accountability. The establishment of a Lead Independent Director in 2023 highlights a commitment to strong independent oversight.
- Oversight of strategic direction
- Ensuring accountability to shareholders
- Adherence to best practices in governance
- Focus on sustainability and ethical conduct
- The company's approach to its Marketing Strategy of Globant is also influenced by its governance structure.
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What Recent Changes Have Shaped Globant’s Ownership Landscape?
In recent years, Globant has seen a dynamic shift in its ownership landscape, with a notable increase in institutional investor holdings. This trend reflects growing confidence in the company's strategic direction and financial performance, particularly its focus on advanced technologies.
| Holder Type | Percentage Held (as of March 31, 2025) | Key Holders |
|---|---|---|
| Institutional Investors | 39.57% | T. Rowe Price Group, Inc., Wasatch Advisors LP, Capital Research and Management Company |
| Insiders | 36.07% | Company Executives and Board Members |
Globant's strategic expansion over the past three to five years has been robust, characterized by significant acquisitions aimed at bolstering its capabilities in emerging technologies. The company's active merger and acquisition strategy has seen it complete 29 acquisitions, with an average acquisition amount of $26.2 million. These acquisitions are predominantly within the IT Services sector, accounting for 14 deals, and Management Consulting Services, with 5 acquisitions. This approach underscores a commitment to enhancing its service offerings and market reach, aligning with the Competitors Landscape of Globant.
Strategic Acquisitions Drive Growth
Recent acquisitions like Exusia (October 2024) and Iteris (early 2024) highlight a focus on AI and data engineering. Further bolstering its portfolio, the company acquired GUT in November 2023, Pentalog in May 2023, and ExperienceIT in April 2023.
Financial Performance Indicators
Globant reported substantial revenue growth, with total revenue reaching $2.4 billion in 2024, a 15.3% increase year-over-year. For the first quarter of 2025, revenues stood at $611.1 million, a 7.0% increase from the previous year.
AI Integration and Innovation
The company's strategic emphasis on AI is evident through investments and the establishment of an AI Industry Reinvention Studio Network. Globant is actively developing AI-powered solutions, including its FUSION suite of AI Agents launched in June 2025.
Ownership Trends and Institutional Interest
Institutional investors hold a significant portion of Globant's stock, indicating strong market confidence. Insiders also maintain a substantial stake, reflecting alignment with the company's strategic objectives and future growth prospects.
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- What is Brief History of Globant Company?
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- What are Mission Vision & Core Values of Globant Company?
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