The Argentine unicorn Globant continues to grow through acquisitions. This time, the operation was in Uruguay, the country where he moved Martin MigoyaCEO of technology company.

The company agreed to buy GeneXusone of the oldest technology companies in the neighboring country, known for developing a platform of the same name low code used by some large companies.

The term low code refers to the implementation of applications that reduce manual progress of code. It is a type of software to create software that allows “automation of everything that can be automated in the development of systems”, as they explained.

A) Yes, no need to program everything from scratchbut join current components and services to do so create software in a simpler and faster way. It uses Artificial Intelligence functionalities to build and maintain solutions that are ready to run on all types of devices.

Globant reported that, in operation, it becomes “one of the first industry leaders to invest in a low-code platform as a tool to deliver faster, high -quality digital change. “

According to the company, “the acquisition of GeneXus will strengthen the offer of Globant-Xa division dedicated to making scalable platforms the company’s most disruptive technology. ”

GeneXus was founded in 1988 and uses more than 150 professionals. Its program is used by more than 1,700 companies in Latin America and Asia, such as Mitsubishi Electric, Itaú, Honda, Pan American Energy and TV Azteca.

During the pandemic, GeneXus was the Uruguayan company responsible for developing the CoronavirusUy application as well as the web system for the covid-19 vaccination schedule.

Following the acquisition, Nicolás Jodal, CEO and co-founder of GeneXus, and his team at Globant will join to expand the Uruguayan technology company worldwide. Globant has presence in 18 countries and employing 23,500 peopleincluding clients such as Google, Electronic Arts and Santander.

“Low-code platforms are driving the reinvention of companies and industries, because they allow organizations create new applications and solutions faster. This is absolutely critical at this time ”, said Migoya, who in addition to being CEO is co-founder of Globant.

Executives did not disclose the cost of the acquisition, which is subject to regulatory approvals and other customary closing conditions.

NE