Globant has announced the signing of an agreement to acquire GeneXus, a company that developed a leading low-code platform of the same name, used in various industries. The acquisition of GeneXus will also strengthen the offer of Globant X, a division dedicated to converting the company’s most disruptive technology into scalable platforms.
«With more than 30 years in the market and being used by more than 1,700 companies in Latin America and Asia, GeneXus is a solid product that offers a world-class low-code platform enriched with friendly Artificial Intelligence (AI) functionalities to create , develop and maintain end-to-end solutions ready to run on all types of devices,” both companies write in a joint statement.
“We are very happy to add GeneXus to our portfolio of platforms. Low-code platforms drive business and industry reinvention by enabling organizations to build new applications and solutions faster. This is absolutely critical in this era where technology evolves to meet the expectations of end users”, said Martín Migoya, CEO and Co-Founder of Globant. “We are proud that Nicolás Jodal, CEO and Co-Founder of GeneXus, joins our team, to continue expanding GeneXus worldwide hand in hand with his leadership and our deep experience in AI and presence in 18 countries”, he added. .
Founded in Uruguay in 1988, with more than 150 professionals, GeneXus has developed an impressive client portfolio that includes large renowned corporations such as Mitsubishi Electric, Itaú, Honda, Pan American Energy and TV Azteca, among others, in key industries such as Financial Services , Retail and Manufacturing. Nicolás Jodal, CEO and Co-Founder of GeneXus, and his team will join Globant to continue expanding GeneXus globally.
“We are proud to partner with Globant. Together, GeneXus will enter a new era and will definitively become the most innovative low-code platform in the world”, explains Nicolás Jodal, Co-Founder and CEO of GeneXus.
“I am very excited about this agreement. Globant is the ideal strategic partner to extend automatic software development and continue simplifying the creation and maintenance of software for clients around the world”, says Breogán Gonda, Co-Founder and President of GeneXus.
Guibert Englebienne, Co-Founder of Globant and President of Globant X, stated: “We welcome GeneXus to the Globant X family at the perfect time, when we seek to consolidate our portfolio of platforms and reach new markets. Both business cultures will blend perfectly and partnering with such an innovative and talented team led by Nicolás Jodal will be incredible.”
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.