Globant Gets $70M From WPP

San Francisco-based Globant, a developer of software products for big brands, has received $70M in an investment from WPP. WPP said it acquired a 20%, minority stake in Globant, to help strengthen its digital capabilities. WPP said Globalnd had net revenues for the year ended December 31st of $90M, and six month revenues until June 30 of 2012 of $56.9M. Prior investors Riverwood Capital and FTV Capital continue to hold equity in Globant. More information »