2016 Endeavor Catalyst Annual Report

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industry Technology flag selected 2005 jobs 5,041 Entrepreneur Guibert Englebienne, Martín Migoya, Nestor Nocetti, Martín Umaran In 2003, Guibert Englebienne, Martín Migoya, Nestor Nocetti, and Martín Umaran founded Globant, a digitally-native tech- nology services company focused on delivering innovative software solutions. In 2005, Globant's found- ers were selected as Endeavor Entrepreneurs with 120 employees and $5.5 million in revenues. With mentorship from Endeavor's network, Globant continued its expansion, opening additional offices across Argentina and expanding abroad to Uruguay, Brazil, Peru, Colombia, Mexico, United States, England and India. In 2012, Endeavor Catalyst made its inaugural investment of $2 million into Globant's $13 million financing round. By that time, the company had grown to 2,700 employees and had offices in 6 countries across Latin America, North America, and Europe. ˜e company's revenues grew to $158 million in 2013 from $90 million in 2011, while its profits doubled to almost $14 million in 2013. In July 2014, Globant became the first Latin American company to list on the New York Stock Exchange, opening at $10 a share and raising $66 million from the public market. In total, the IPO valued the company at nearly $400 million. By then, the com- pany employed over 3,300 people. Endeavor Catalyst realized its first exit, and proceeds were used to support Endeavor's operations and to continue investing in the next generation of Endeavor Entrepreneurs. Today, with a market cap of ~$1 billion, the company contin- ues to grow. Like true Endeavor Entrepreneurs though, success has not stopped there for the found- ers. Since joining Endeavor, the Globant team has been highly engaged with Endeavor's work, serving as mentors, International Selection Panel (ISP) panelists, and donors. Martín Migoya and Guibert Englebienne serve as board members of Endeavor Argentina, and Guibert was recently named Chairman of the board. ˜e story of the Globant founders is a testament to Endeavor's model and the multiplier effect of entrepreneurship as the team becomes role models for, and investors in, future generations of entrepreneurs. "˜e trust that Endeavor puts in Globant was first shown in 2005 when they selected us as Endeavor Entrepreneurs. ˜at was a key milestone in our history, since they enabled us to learn from some of the most talented and experienced professionals in the world," said CEO Martín Migoya in a statement. "Endeavor reinforces a great partnership that will help us take our company to the next level, creating more jobs for talent across the world, providing more opportunities for our 'Globers', and delivering the best digital journeys for our customers." 31 SPOTLIGHTS SPOTLIGHT ON: p Founders in the early days (2003) Founders celebrating the company's listing on the New York Stock Exchange (2014)

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