Argentinean software firm Globant has made yet another acquisition in the U.S. digital technology sector, this time Seattle -based video streaming solutions maker Ratio.
This is Globant’s third acquisition in the digital sector after it acquired British digital services firm WAE in May last year. It is the company’s second acquisition in Seattle itself after it purchased L4 Digital in November.
Founded in 2001, Ratio also builds iOS and Android apps, in addition to developing a range of digital offerings. With nearly 50 employees, the company counts Alaska Airlines, Microsoft, iHeartMedia, and Yahoo among its clients.
Globant claimed in a statement that the acquisition of Ratio aligns with its plan to create what it calls ‘digital journeys’ for its clients to stay relevant in this technology-driven business environment.
“Ratio recognizes the importance of delivering meaningful experiences for the clients’ end users and shares our passion for creativity, innovation, and design,” stated Martín Migoya, Globant CEO and co-founder.
“Ratio’s professionals have built outstanding OTT products for some of the world’s leading media companies,” he continued.
Ratio originally started as Ratio Interactive in 2001. Two years later, it merged with fellow Seattle agency Cypress to provide a broader range of services.
One of the fastest growing software firms in Latin America, Globant never believed in the idea of labor arbitrage, with its founders often emphasizing the need to become more innovative. These days, the company appears to have focused on developing software in emerging technologies, including cloud computing, gaming, and big-data.
“We are confident that this acquisition will strengthen Globant’s goal of becoming the best partner in developing profound digital transformations,” Migoya added.