Globant keeps going with its acquisition spree.
Argentina’s tech behemoth just bought eWave, an Australia-based digital commerce specialist. With this acquisition, Globant expects to gain a broader foothold in the Asia-Pacific region.
Founded in 2009, eWave operates delivery centers in several major Chinese cities, as well as in Singapore, the Philippines and India. Its clients include some of the biggest brands in the world, such as L’Oréal, Nike, Coca-Cola and Cochlear.
The acquisition opens the door for Globant to explore e-commerce business opportunities in the Asia-Pacific region, where emerging markets are spawning a multitude of online retailers.
Expanding operations beyond the Americas will help Globant reduce its dependence on the US market, where it generates most of its revenue.
With more than 200 employees, eWave claims to have significant e-commerce experience. Its Adobe and Salesforce cloud capabilities will complement Globant’s existing services.
“Together, we will deliver unprecedented end-to-end digital and cognitive transformations that global enterprises need to better position their businesses for future success,” said Fatima Said, Founder of eWave.
This is Globant’s fourth acquisition this year. The company also acquired Italian digital transformation services provider Sysdata; AI, and software developer GeneXus; and Navint.