Globant Acquires Mobile And Social Applications Developer Nextive

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Globant, an Argentinian software development, IT services and maintenance outsourcing giant has acquired Nextive, a San Francisco-based mobile and social technologies company that works for clients like Zynga, Crowdstar and GSN.

Financial terms of the acquisition were not disclosed.

The news comes a few months after Globant raised $15 million in financing from PE firm Riverwood Capital and FTV Capital.

The deal allows the IT company to expand its services to North America.

Founded in 2008, Nextive’s 130 employees will now move on to lead Globant’s Mobile Studio, adding new practices. The team will be working from their development centers in San Francisco, Buenos Aires and Cordoba.

Globant’s customer list includes companies like Google, EA, Sony, IBM and LinkedIn.

The company says it is currently hiring 120 new employees worldwide per month, and expects to add 200 US-based workers in the next two years.