Globant Boosts Portfolio With Strategic Buyouts: Will the Stock Gain?
GLOBGlobant(GLOB) ZACKS·2024-09-11 22:15

Globant S.A. (GLOB) recently inked a definitive agreement to acquire IT consulting firm – Blankfactor – with expertise in Payments, Capital Markets and Banking. The terms of the deal remain undisclosed, and the transaction is subject to customary closing conditions, including regulatory approvals. The initiative strengthens Globant's Payments Studio in North America, addressing the evolving needs of the financial services industry, which is increasingly adopting artificial intelligence (AI)-driven and cloud ...