Globant acquires Blankfactor

Globant announced that it has entered into a definitive agreement to acquire Blankfactor, a U.S. based IT services consulting firm specialized in Payments, Banking, and Capital Markets with a successful track record across the Financial Services industry and extensive experience in card issuing, merchant acquiring, and securities finance. The company specializes in delivering consulting-led product engineering, data engineering, and enterprise AI solutions. Completion of this transaction is subject to customary closing conditions including regulatory approvals. Founded by Michael Wear and Melody Pak, Blankfactor has grown rapidly since its kick-off in 2016 through strategy-led product engineering with deep vertical knowledge. Blankfactor also holds profound expertise within the cloud ecosystem with AWS, Google Cloud, Microsoft Azure, Snowflake, and Databricks. Leveraging its effective balance of U.S. and Global delivery, the company currently develops solutions for some of the strongest brands in the financial sector, including six out of the top ten payment processors and many of the world’s largest banks and asset managers.