IT Company Globant Buys Atix Labs to Expand Blockchain Offerings

Information technology and software development company Globant (NYSE: GLOB) has acquired blockchain services provider Atix Labs for an undisclosed amount.

• The purchase comes four months after Globant disclosed it added bitcoin to its balance sheet.
• Atix Labs builds digital products requiring blockchain implementation, such as smart contracts, decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) solutions.
• “Globant’s mission is to help organizations stay relevant by offering cutting-edge solutions. There is no doubt that blockchain and crypto are critical in the new business-tech horizon,” said Globant Chief Technology Officer Diego Tartara in a press release.
• Globant says the acquisition will bolster its blockchain and crypto-related products and services. The Luxembourg-based company serves a wide range of industries, including media and entertainment, finance and real estate.
• “With the agreement, Globant reinforces its leadership in cutting-edge solutions for its clients in decentralized finance, smart contracts and asset tokenization, while expanding the offering of its Blockchain Studio,” said Globant in the press release.
• Founded in Argentina in 2013, Atix Labs also has operations in the U.S. and Uruguay. Atix has partnerships with smart contract network RSK, blockchain infrastructure and engineering company Iohk and tech giant IBM. Atix is part of the UNICEF Innovation Fund and was one of six blockchain startups to receive UNICEF funding in late 2018 to solve challenges in developing economies.