The acquisition enables Globant to reinforce its leading position in transforming organizations while it continues extending its operations in Europe.

Fremont, CA: Globant, a digitally native technology services company, has declared the acquisition of Spain-based Bluecap, a specialized consultancy firm that uses advanced analytics to develop new business models for financial institutions.

This acquisition enables Globant to reinforce its leading position in transforming organizations while it continues extending its operations in Europe. Bluecap will maintain its image and name as the strategy consulting brand of Globant and Maite Barrera, Bluecap's CEO & founder, is expected to join the group's global executive team.

"Today more than ever, organizations need to reinvent themselves to move forward. At the same time, we believe that there is a strong opportunity in Europe so we want to continue expanding in the region," stated Martín Migoya, Globant's CEO and co-founder. "Bluecap's consulting and analytical expertise will be key to keep transforming organizations leveraging our strong focus on digital trends, AI and data analytics."

Bluecap is a specialized strategic consultancy firm concentrated on the financial sector. Headquartered in Spain, with offices in Barcelona and Madrid, Bluecap has over 160 consultants working for renowned financial institutions, such as Caixabank, Santander, and Sabadell. The company offers the C-suite of large financial institutions with expert advice on the strategic management of Risk, Finance, Commercial, and Capital while utilizing its expertise in advanced analytics.

"At Bluecap, we design new business models and strategies for tomorrow's banks, drawing on our advanced analytical skills while helping to integrate new services offered by the most innovative fintech firms. By joining forces with Globant, we will be able to offer even better value to our clients, combining our commercial banking and risk management capabilities, with Globant's digital transformation expertise and their global presence," stated Maite Barrera, Bluecap's founder and CEO.