International IT and software development firm Globant has announced the opening of a new Toronto office, representing the company’s official expansion into Canada.
Over the next three years, Globant said that it plans to hire 200 people in Toronto with backgrounds in various technologies such as AI and machine learning, gaming, data analytics, blockchain, and business strategy, among others. The hiring comes as part of a $20 million USD investment commitment to Canada by the company.
Globant is a publicly-traded company which began trading on the New York Stock Exchange in 2014. Listed under the symbol ‘GLOB,’ its initial public offering valued the company at almost $400 million. The company provides engineering, design, and innovation services for clients throughout North America and Europe.
To date, Globant claims an employee base of more than 24,500 professionals, with clients that include the likes of Google, Electronic Arts, Santander, and more.
According to Globant, the new business hub in Toronto consolidates its footprint in North America. The company currently has seven offices in the United States and four offices in Mexico.
“We strive to find the most innovative, diverse, creative people to join our company, and we see our expansion and growth in Toronto as a strategic opportunity to do that, given the city’s impressive and extensive history of technical excellence,” said Nicolas Avila, Chief Technology Officer for North America at Globant.
In addition to its active strategy in establishing multiple locations worldwide, Globant also sought after growth by acquiring companies. Having acquired around 15 businesses to date, Globant’s subsidiaries include Accendra, Openware, Nextive, TerraForum, Clarice Technologies, Avanxo, BlueCap, and CloudShift. Most recently, Globant acquired a low-code platform provider GeneXus in April.
Originally created in Argentina, Globant joins an increasing number of international companies making inroads in Canada or plotting an expansion across the country.
Last week, US companies Avanade, Nautical Commerce, Twilio, and DealPath announced plans to ramp up their hiring efforts in Canada to bolster their existing Canadian teams.
Global IT giant IBM is also set to launch an innovation centre in Calgary and hire 250 people. IBM‘s network of Canadian innovation centres also include locations in Halifax and Montréal.