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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Globant SA (NYSE:GLOB) inked an acquisition deal with Pentalog in France to boost its European presence. The financial terms were not disclosed.
- Pentalog is a digital transformation company that creates high-quality technology solutions and products for organizations across key industries such as finance, gaming and travel.
- Founded in 1993 in Orleans, France, Pentalog houses 1,300 professionals. Pentalog's 80% of revenues come from European accounts, with the remaining revenues generated in North America.
- The acquisition will enhance GLOB's footprints in France, Germany, Netherlands, Switzerland, and Austria and add a solid client base.
- "France is one of the world's top economies and innovation hubs and we wanted Globant to have a stronger presence in such important geography," said Martin Migoya, Co-Founder and CEO.
- Pentalog's Co-founder and CEO, Frédéric Lasnier, will remain with Globant together with his partners and the larger Pentalog team.
- GLOB had cash and equivalents of $340.9 million as of December 31, 2022.
- Also Read: Globant Well-Positioned For Best-In-Breed Organic Growth And Margin Profile, Says Analyst
- Price Action: GLOB shares are trading higher by 3.92% at $143.17 on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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