The new joint venture will expand and accelerate the services
and products currently offered by LaLiga Tech, leveraging Globant's
focus on the latest technologies and trends to transform sport and
entertainment experiences around the globe
MADRID, Sept. 28,
2022 /PRNewswire/ -- Globant (NYSE:
GLOB), a digitally native company focused on reinventing businesses
through innovative technology solutions, and LaLiga, Spain's top-flight football competition,
announced today that they had reached an agreement to create a
joint venture to establish a global technology company that will
lead the reinvention of the sports and entertainment industry.
The partnership will leverage Globant's track record in
delivering business and industry transformation through technology
and LaLiga's unique expertise in developing leading global sports
events while improving fans' experiences.
Globant and LaLiga will work on expanding the products and
services of LaLiga Tech, a central part of LaLiga since 2014, to
create a unique offering for organizations looking to engage a new
generation of fans around the world. The digital ecosystem of
LaLiga Tech consists of products such as its OTT platform, Fantasy
gaming, App and Web design, Mediacoach, and Content Protection
antipiracy tools, as well as consultancy services for data analysis
and global fan engagement. The new partnership with Globant will
accelerate the technology roadmap, product and services evolution,
and geographical expansion of this offering by leveraging Web 3.0,
Metaverse, and Gaming, among many other rising
technologies.
"Globant's vision is to reinvent industries and organizations
while offering amazing experiences for end users. After working for
two decades with some of the most beloved brands in the world, we
are pleased to join forces with such an important organization as
LaLiga and build a unique and truly global offering to support the
digital transformation of key players in the sports and
entertainment arena," said Martín Migoya, Co-founder and CEO of
Globant.
"LaLiga Tech was created to help sports and entertainment
accelerate their digital transformation, and the surge in demand we
have seen shows that this remains a core priority for the industry.
Partnering with Globant will allow us to continue this growth at a
global scale while creating the most immersive and valuable
technologies for our clients. Globant's expertise in business
transformation, combined with our long-standing experience of how
to grow sports competitions through technology, creates a unique
and exciting proposition for the market", added Óscar Mayo,
executive director of LaLiga.
Martin Migoya and Oscar Mayo will be delivering a keynote
presentation at 6.05 pm CET today at
World Football Summit (Seville,
Spain). Watch it live in the link below:
- Spanish channel, video and audio:
https://youtu.be/QK-NcZkYQqs
- English channel, only audio:
https://webapp.olyusei.com/events/85694a7d-5b48-4738-9a60-7fa3bafa9387/categories/?code=wfs&pin=2022
Closing of this transaction is subject to regulatory approval
and customary closing conditions.
About Globant
We are a digitally native company that helps organizations
reinvent themselves and unleash their potential. We are the place
where innovation, design and engineering meet scale.
- We have more than 25,900 employees and we are present in 20
countries working for companies like Google, Electronic Arts and
Disney, among others.
- We were named a Worldwide Leader in CX Improvement Services by
IDC MarketScape report.
- We were also featured as a business case study at Harvard, MIT, and
Stanford.
- We are a member of The Green Software Foundation (GSF) and the
Cybersecurity Tech Accord.
About LaLiga
LaLiga is a global, innovative and socially responsible
organisation which is a leader in the leisure and entertainment
sector. It is a private sports association composed of the 20
public limited sports companies (SADs) and clubs of LaLiga
Santander and the 22 of LaLiga SmartBank, and is responsible for
organising professional football competitions in Spain. LaLiga is the football competition with
the most social media followers in the world, with over 158 million
followers across 17 platforms in 20 different languages. With its
headquarters in Madrid
(Spain), it is present in 41
countries through eleven offices and 44 delegates. The organisation
carries out its social work through its Foundation and was the
world's first professional football league to establish a league
for intellectually challenged footballers: LaLiga Genuine
Santander.
About LaLiga Tech
LaLiga Tech is a provider of specialised technologies for the
global sports and entertainment sector, helping customers reach the
next stage of their digital transformation. It offers a single
interconnected data ecosystem providing modular solutions for
global fan engagement, competition management and content
enhancement, including real-time data integration and content
protection. LaLiga Tech solutions have formed a central part of
LaLiga since 2014 and are now used by a wide range of global
clients.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. The expectations related to the businesses of Globant, La
Liga and the joint venture ("Joint Venture") may differ from their
actual results and consequently, you should not rely on these
forward looking statements as predictions of future events. In some
cases, you can identify forward-looking statements by terminology
such as "believe," "may," "will", "estimate," "continue,"
"anticipate," "intend," "should," "plan," "expect," "predict,"
"potential," or the negative of these terms or other similar
expressions. These forward-looking statements include, without
limitation, expectations with respect to the anticipated benefits
of the proposed transaction. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside of the control of Globant, La Liga or
the Joint Venture and are difficult to predict. Factors that may
cause such differences include, but are not limited to: (1) the
ability of the parties to complete the proposed transaction; (2)
the risk that the conditions to the closing of the transaction are
not satisfied in a timely manner or at all, (3) the risk that
disruption from the transaction materially and adversely affects
Globant, La Liga or the Joint Venture's business and operations;
(4) restrictions during the pendency of the transaction that impact
Globant, La Liga or the Joint Venture's ability to pursue certain
business opportunities or other strategic transactions; (5) Globant
or La Liga's ability to recognize the anticipated benefits of the
proposed transaction, (6) costs related to the proposed
transaction, (7) Globant, La Liga or the Joint Venture's ability to
successfully grow the joint business; (8) potential adverse
reactions or changes to business relationships resulting from the
announcement, pendency or completion of the proposed transaction;
(9) the ability of Globant, La Liga or the Joint Venture to retain
and hire key employees; (10) changes in applicable laws or
regulations, (11) the demand for Globant, La Liga or the Joint
Venture's services together with the possibility that Globant, La
Liga or the Joint Venture may be adversely affected by other
economic, business, and/or competitive factors; and (12) other
factors discussed under the heading "Risk Factors" in our most
recent Form 20-F filed with the Securities and Exchange Commission
and any other risk factors included in subsequent reports on Form
6-K. Because of these uncertainties, you should not make any
investment decision based on these forward-looking statements.
Except as required by law, we undertake no obligation to publicly
update any forward-looking statements for any reason after the date
of this press release whether as a result of new information,
future events or otherwise.
Media Relations Contacts:
Globant
pr@globant.com
www.globant.com
|
LaLiga
prensa@laliga.es
www.laliga.es
|
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SOURCE Globant