IT and software development company Globant has acquired Iteris Holding, a Brazilian consultancy specializing in business and technology with a focus on digital transformation. This strategic acquisition strengthens Globant's presence in Brazil by incorporating high-quality local digital capabilities and expanding its client portfolio significantly.
"We are thrilled to welcome the Iteris team to the Globant family. We're taking big steps in Brazil as we believe in the potential of this market and this acquisition will involve significant growth to our operations in that country. This expansion is an example of our commitment to the region and its technological landscape to continue offering a top-notch portfolio of services and products to keep reinventing businesses," said Martín Migoya, Co-Founder and CEO of Globant.
Established in São Paulo in 2009, Iteris provides end-to-end solutions across various industries, including payments and banking, manufacturing, communications, education, retail, and healthcare. The company has built a stellar reputation by serving leading brands in Brazil, such as Fiserv, PagBank, Julius Baer, Nubank, Nutrien, Globo, C&A, Reckitt, and Heineken, among others.
"We are proud of the successful track-record of Iteris in these last years. We have consistently delivered high-quality services to our beloved clients. We are sure that Globant is the best partner to take our company to the next level, not only for them but also for our colleagues. As from today, there will be more unique reinvention opportunities for all," said Fernando Riva, Co-founder of Iteris.
Over the past 14 years, Iteris has consistently earned recognition in the Agile Application Projects and Application Quality Assurance categories for three consecutive years. Ignacio Iglesias, Chief Business Officer in Latin America at Globant, based in São Paulo, expressed the company's enthusiasm for the opportunities Brazil presents. Globant sees Brazil as a prime investment in Latin America, considering it among its top priorities. With an already robust presence in key industries, Globant aims to strengthen its local teams further by engaging in significant digital transformation projects and incorporating new teams of specialized experts.
