By Kirk Laughlin, NSAM Editorial Director

Quick: Name a Latin American software dev firm that will land on NASDAQ within two years, boasting strong revenue and a world-beating reputation for building slick online social networking apps?

Answer: Try Argentina’s Globant, a classic Latin American success story that has so much upside that India Inc. (major India-based global services firms) has already tried to scoop it up.

Nearshore Americas sat down with Martin Migoya, the energetic chief executive of Globant and one of four founders of the company, recently in New York City, to talk about the firm’s big ambitions to become one of the world’s premiere offshore software development players.

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SOURCE: ECONOMIC TIMES

BANGALORE/MUMBAI: India’s top outsourcing companies are now exploring acquisition opportunities in the Latin American countries, as more customers demand nearshore delivery capabilities for physical proximity and ease of managing an outsourcing relationship.

Smaller service providers in Brazil, Argentina and Mexico such as Globant, which counts Adidas, LinkedIn and Citi among its top customers and has around $100 million in revenues, are increasingly being approached by some Indian tech firms, officials told ET on condition of anonymity.

“Even as we hire more locals, we continue to look at focused nearshore companies such as Globant for strategic alliances,” said a top executive of an Indian tech firm. He did not wish to be quoted because his company does not want to disclose its acquisition plans before they materialise. While customers such as GE and Citi continue to send more IT work to offshore locations such as India, some customers and …

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