Narayan AmmachchiGlobant acquired software firm Blankfactor, a move which will allow it to tap into lucrative digital contracts from major Wall Street banks.
Based in Miami, Blankfactor has established strong relationships with US financial institutions, offering essential technology services that include product engineering, data engineering and enterprise AI solutions.
The company’s expertise spans critical areas such as card issuing, merchant acquiring, and securities finance.
With a workforce of approximately 450 employees, Blankfactor maintains a significant presence in key global financial centers. It has delivery centers in Colombia, the UK, Romania and Bulgaria.
Founded in 2016, Blankfactor initially built its expertise within the cloud ecosystem, working with leading platforms such as AWS, Google Cloud, Microsoft Azure, Snowflake and Databricks.
Today, the company focuses primarily on the fintech sector, providing solutions to six of the top ten payment processors, as well as many of the world’s largest banks and asset management firms.
Blankfactor will continue to operate as an independent entity after the acquisition, with co-founders Michael Wear and Melody Pak remaining in charge of daily operations.
Industry analysts anticipate that this acquisition could boost Globant’s annual growth by approximately 200 basis points, driven by Blankfactor’s high-value clientele and specialized digital engineering capabilities.
Globant, an Argentinean unicorn, recently reported strong second quarter results. Its revenue reached US$587.5 million, a 18.1% year-over-year increase.
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