SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company focused on creating digital journeys, today announced the strategic acquisition of Ratio, a leading digital services company specialized on video streaming solutions. With this acquisition, Globant expands its US footprint and its expertise in the media and entertainment segment.
This acquisition is aligned with Globant's vision of creating innovative software products that appeal to millions of users, allowing clients to transform their businesses. Ratio's main differentiator is not only to develop and deliver robust digital experiences and video streaming solutions for major media companies, but also offers a transformative OTT platform to its customers. This platform, called RTV, makes content and experience updates dynamic, while ensuring integrity across all platforms and devices.
"Ratio recognizes the importance of delivering meaningful experiences for the clients' end users and shares our passion for creativity, innovation and design. Ratio's professionals have built outstanding OTT products for some of the world's leading media companies of these days," stated Martín Migoya, Globant CEO and co-founder. "The company's unique focus on innovative digital services and their one-of-a-kind software platform are clear differentiators. We are confident that this acquisition will strengthen Globant's goal of becoming the best partner in developing profound digital transformations."
"By incorporating Ratio's team to Globant, together with the acquisition of Seattle-based L4 late last year, we continue building a global organization with some of the best talent in the world. On top of that, we keep expanding our US footprint to be even closer to our customers," added Martín Umaran, Globant Chief of Staff and co-founder. "Ratio will help us increase the depth of our expertise in the ever growing Media & Entertainment industry. We are thrilled to have them on board."
Founded in 2001, Ratio is headquartered in Seattle, WA. The company's team is composed of 45 professionals working for renowned brands including Alaska Airlines, Microsoft, iHeartMedia and Yahoo!. The Ratio team delivers cutting-edge experiences across Web, iOS, Android, Windows, AppleTV, AndroidTV, FireTV, Xbox, Roku, Playstation, Samsung and LG SmartTVs. Through its platform RTV and custom media experiences Ratio has powered billions of views and listens across these platforms.
Ratio's Co-Founder and CEO Nate Thompson said: "Ratio is committed to delivering cutting-edge experiences across the myriad platforms and devices of today's consumer. Joining forces with Globant will help Ratio to better serve our customers, and also allow us to leverage our deep media experience internationally as digital media consumption continues to grow at staggering rates. We are honored to be joining Globant as we believe they place the same value on digital innovation and transformation as Ratio, while also sharing the same cultural values in growing a great company and building great teams."
Russ Whitman, Ratio's Co-Founder and CTO, added: "Globant is a leader in helping companies transform in this digital age, the opportunity to be a part of that movement on a global scale is both unique and empowering. Ratio is an amazing team that creates digital experiences at the intersection of art and technology, we are excited to join Globant in our pursuit of making the now and next". Paul Kim, Ratio's Co-Founder, concluded: "Creating meaningful experience, with and for people, has always been at the core of Ratio's culture and brand. Joining forces with Globant creates more opportunity for our people and will give Ratio the scale it needs to create digital journeys that truly matter to the world. Excited for the possibilities!"
Globant (NYSE: GLOB) is a digitally native technology services company that creates digital journeys for its customers, which impact millions of consumers. Globant is the place where engineering, design, and innovation meet scale.
Globant has more than 5,600 professionals in 12 countries working for companies like Google, Linkedin, EA, and Coca Cola, among others.
Globant was named a Worldwide Leader of Digital Strategy Consulting Services by IDC MarketScape Report (2016) and its client work has been featured as business case studies at Harvard University, Massachusetts Institute of Technology and Stanford University. For more information, visit www.globant.com.