Globant buys Brazilian Consultancy Iteris Holding; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Globant, a software development company, has acquired Iteris Holding, a Brazilian consultancy firm. Iteris, established in 2009 in São Paulo, employs over 600 professionals and provides end-to-end solutions in various industries. The financial terms of the deal were not disclosed.
December 28, 2023 | 9:17 pm
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Globant's acquisition of Iteris Holding could potentially strengthen its position in Latin America and enhance its service offerings across various industries.
The acquisition of Iteris Holding is likely to be viewed positively as it could lead to an expansion of Globant's market presence in Latin America and diversification of its services. However, without financial terms, the impact on the stock price is uncertain, though generally, strategic acquisitions are seen as positive if they promise growth and synergy.
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