Argentine software firm Globant is talking of doubling down on its operations in India, increasing headcount from 500 to more than 1100 over the next few months.
Globant entered the Indian tech scene through the acquisition of Clarice Technologies for about $20 million two years ago.
Today, the Buenos Aires, Argentina-based firm is running delivery centers in the western city of Pune as well as Bangalore, known as India’s Silicon Valley. (Note: By all practical purposes Globant is Argentine, despite the legal HQ being in Luxembourg, a location established publicly during its IPO several years ago.)
“India is important for us,” said Martin Migoya, Co-founder and CEO of Globant, in an interview with Indian business daily The Economic Times.
He said that Indian employees would soon account for 20% of the company’s global workforce. Migoya’s statement has surprised industry analysts, as it comes at a time when thousands of IT professionals in India are living with a constant fear of losing jobs. As recently as last week, Cognizant revealed that about 400 of its senior employees had agreed to leave with a severance package.
Globant has often claimed that it is not interested in labor arbitrage and that it sells its services at almost twice the price offered by its rivals. “The most important thing is having the right talent, not necessarily at a cheap rate,” Migoya told Nearshore Americas a year ago in reply to a question as to why his firm was focusing on expanding in India.
Analysts say it is the right time for the Argentinean firm to pursue its goal and snap up some of India’s high-skilled and experienced IT professionals.
In the Asian country, Globant is focusing on increasing capabilities in mobile, Internet of Things (IoT) and user experience (UX). Reports say that its Pune center is also developing cloud computing, gaming and big-data solutions.