Globant plans to make the investment over the course of five years. Credit: Precondo CA/Unsplash

Software company Globant is planning to invest $1bn (4.89bn reais) over five years to bolster its operations in Latin America.

As part of the investment plan, Globant will set up an Innovation and Emerging Technologies Center in San Pablo, Brazil.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The centre will explore new potential use cases for emerging technologies such as artificial intelligence (AI) and quantum computing.

It will develop new AI applications for Salesforce products specifically for the Brazilian market.

Globant also plans to increase its headcount by 20,000. Currently, the technology company employs 27,000 people across the globe.

The new hirings will be made across 30 of the company’s development centres located in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru and Uruguay.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A portion of the investment will also be used to accelerate the development of its AI-powered software development tools.

These advancements will be led by the company’s product and platforms division Globant X, which houses Augoor, MagnifAI, StarMeUp, and GeneXus platforms.

Globant co-founder and CEO Martín Migoya said: “We were born in Latin America, and believe that it is one of the strongest regions when it comes to innovation, talent, and creativity. Latin America is key for our global growth as a source of continuous improvement of our service offering.

“We want to expand our capacity for innovation and development of our AI-based offering, always to help organizations stay relevant and leaders in the future.”

Set up in 2003, Argentina-headquartered Globant operates in 25 countries and caters to clients, such as Google, Electronic Arts and Santander.