Globant has entered into a definitive agreement to acquire Blankfactor, a US-based IT services consultancy specializing in payments, banking, and capital markets, with a successful track record in the financial services industry and extensive experience in card issuance, merchant acquisition, and securities finance.
In addition, the company specializes in providing consulting-driven product engineering solutions, data engineering, and enterprise AI.
Blankfactor, headquartered in Miami, currently develops solutions for some of the strongest brands in the financial sector, including six of the top ten payment processors and several of the world’s most reputable banks and asset managers.
“Blankfactor brings incredible experiences and best practices in the financial services space, which is a key sector for Globant. As AI develops and impacts industries, we want to expand the company’s visions and expertise to provide an ever-evolving service to our clients,” said Martin Migoya, Co-founder and CEO, Globant.
Nicolás Kaplun, Globant’s Chief Business Officer in North America, said: Blankfactor is a great organization with world-class clients and has an exceptional track record, offering specialized value propositions in an industry crucial to our corporate roadmap. They join Globant to consolidate the Payments Studio in North America at a special time when the financial services industry is undergoing a major reinvention.”
Michael Wear, Founder and CEO, Blankfactor, said: “I have always admired Globant as a model of execution at scale in digital transformation, with exceptional talent around the world. With Globant’s scale and depth, I look forward to achieving even greater results for our clients.”