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Globant acquires low-code platform GeneXus to expand product portfolio

Globant acquires low-code platform GeneXus to expand product portfolio
Globant acquires low-code platform GeneXus to expand product portfolio

Globant, a digital and cognitive transformation company based in Luxembourg, has reportedly announced that it has reached a definitive deal to takeover GeneXus, a well-known firm that built a premier low-code platform that is widely used across a variety of industries. The former is now among the first major digital firms to invest in a low-code platform as a tool for delivering faster and higher-quality digital transformations through this acquisition.

Globant X, a specialized unit responsible for productizing the firm's most transformational tech into scalable platforms, will also be strengthened by GeneXus.

Nicolás Jodal, GeneXus’s CEO and Co-Founder will team up with Globant to further GeneXus' global expansion. He stated that Globant is a great partner for the firm. GeneXus will usher in a new era as the world's most inventive low-code platform by working together.

Breogán Gonda, GeneXus' Chairman, and Co-Founder stated that it is very exciting to enter this agreement. Globant is the appropriate strategic partner to continue automating software development as well as facilitating software production and management for clients all over the world.

Guibert Englebienne, President of Globant X and Co-Founder of Globant, stated that GeneXus joins Globant X at an ideal time as the company extends and strengthens its platform portfolio and penetrates new markets. Both organization cultures will merge effortlessly and working with Nicolás Jodal's innovative and brilliant staff will be a dream come true.

The completion of the contract is contingent on regulatory approvals and other normal closing terms.

GeneXus was established with over 150 professionals in 1988 in Uruguay and now has a customer portfolio that comprises well-known organizations like Mitsubishi Electric, Honda, Ita, TV Azteca, Pan American Energy, and more, in major industries including Retail, Financial Services, as well as Manufacturing & Industrial.

Globant is an IT and Software Development company operating in 18 countries with over 23,500 employees. It is a member of Cybersecurity Tech Accord and Green Software Foundation (GSF).

Source credit: prnewswire.com/news-releases/globant-acquires-low-code-platform-genexus-to-foster-business-reinvention-and-expand-its-product-portfolio-301529189.html

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Meghna Singh

An English Literature graduate, Meghna Singh ventured into the profession of content development to incorporate her knack for writing articles across verticals including technology, healthcare, business, and alike for News Origins and RunningAfrica. She has also completed her MBA in Tourism and worked as a content creator in the field of product development.