6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2019

Commission File Number: 001-36535

GLOBANT S.A.

(Translation of registrant’s name into English)

37A Avenue J.F. Kennedy

L-1855, Luxembourg

Tel: + 352 20 30 15 96

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
	x   Form 20-F	¨   Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):	____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):	____

GLOBANT S.A.

FORM 6-K

Acquisition of Belatrix Global Corporation S.A.

On August 9, 2019, Globant S.A. (the “Company”), through certain of its wholly-owned subsidiaries, entered into an Equity Purchase Agreement (the “Purchase Agreement”) with the equityholders of Belatrix Global Corporation S.A., a Spanish stock company (“Belatrix”), pursuant to which the Company purchased all of the outstanding equity interests in Belatrix and its subsidiaries (the “Acquisition”). The transaction was simultaneously signed and closed. Belatrix is a software and applications development company with operations in Argentina, Peru, Colombia and the United States.

Upon the closing of the Acquisition, the Company paid USD 62,000,000 in cash to the sellers and, pursuant to the terms of the Purchase Agreement, the sellers subscribed for USD 5,000,000 of the Company’s common shares, which were valued based on the volume weighted average trading price of the Company’s common shares during the 60-day period until two days prior to the closing date. A portion of the upfront cash consideration is being held in escrow for potential adjustments related to working capital, accounts receivable, minimum cash and other matters. An additional amount of USD 3,000,000 is payable to the sellers by October 31, 2020, subject to Belatrix’s achievement of specified revenue targets for the period from August 1, 2019 through July 31, 2020, and it is subject to upwards adjustment based on overachievement of such targets.

The Company utilized a mix of cash on hand and borrowings under its secured revolving credit facility for the upfront cash payment. The common shares issued by the Company in connection with the Acquisition are subject to a lock-up provision, which releases three equal portions of such shares after six, nine and twelve months from the closing date of the Acquisition. The common shares were issued in reliance on the exemption from registration provided by Regulation S under the Securities Act of 1933, as amended.

The information contained in this report on Form 6-K is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-225731) and on Form S-8 (File Nos. 333-201602, 333-211835 and 333-232022), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

Cautionary Note Regarding Forward-Looking Statements

Any statements contained in this Report on Form 6-K that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or similar expressions. Such statements may include, but are not limited to, statements about the Company’s acquisition, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of the Company’s management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, those items identified as “risk factors” in the Company’s most recently filed Annual Report on Form 20-F. Therefore, investors are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.

Press Release

The Company is furnishing under the cover of this report on Form 6-K the following:

Exhibit 99.1 Press release, dated August 12, 2019

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GLOBANT S.A.
By:	/s/ SOL MARIEL NOELLO
	Name: Sol Mariel Noello
	Title: General Counsel

Date: August 12, 2019

EX-99.1

Exhibit 99.1

Globant Acquires Belatrix Software and Strengthens

its Digital and Cognitive Transformation Leadership

This acquisition strengthens Globant’s positioning in Latin America and its expertise in key industries like finance, payment, healthcare and retail.

Luxembourg –August 12, 2019: Globant (NYSE: GLOB), a digitally native technology services company, today announced the acquisition of Belatrix Software, a leading agile product development company with nearly 20 years of experience and a presence in Peru, Colombia, Spain, the United States and Argentina.

With this acquisition, Globant reinforces its leading presence in Latin America delivering digital and cognitive transformation for some of the most renowned brands in the world. It will also strengthen its broad expertise in core target industries like finance, payment, insurance, healthcare and retail. In addition, this acquisition demonstrates Globant’s leadership in digital transformation, agile, product strategy and more.

“Belatrix shares our vision and approach on how to create successful digital experiences for the most demanding customers in leading industries. It has built outstanding solutions for an amazing roster of clients, which includes many Fortune 500 companies. Belatrix’s customer portfolio will reinforce our 50-squared approach, delivering strategic digital transformation to some of the largest organizations worldwide, ” said Martin Migoya, Globant´s CEO and co-founder.

Belatrix Software is one of the fastest growing software engineering service providers with extensive expertise in agile development and optimized project management methodologies. It works with renowned brands such as FIS, PWC, NEC, Adobe, AOL. The company has 600 IT professionals working with leading trends, such as digital transformation, agile, product development and more.

Luis Robbio, Belatrix CEO and co-founder, said: “We're excited to join Globant, because we share values and a culture of innovation and growth. We are sure that this will bring new professional opportunities to our employees and take the company to a new level.”

Alex Robbio, Belatrix President and co-founder, said: “With Globant we can enhance our presence in America and bring a new service offering to our clients in areas like Artificial Intelligence, Machine Learning and Customer Experience, to continue delighting them with stupendous digital solutions.”

“For us, it’s key to build the best global team ready to face the most demanding challenges from large organizations. In Belatrix’s talented team joining Globant, we are uniting forces with an outstanding group of professionals that affirms our leading position in Latin America and in key technologies and industries,” added Martín Umaran, Globant Chief of Staff and Co-founder.

About Globant

We are a digitally native company where innovation, design and engineering meet scale. We use the latest technologies in the digital and cognitive field to transform organizations in every aspect.

● Globant has more than 9,200 professionals and we are present in 17 countries working for companies like Google, Southwest Airlines, EA and BBVA among others.

● We were named a Worldwide Leader of Digital Strategy Consulting Services by IDC MarketScape report (2016 and 2017)

● We are featured as a business case study at Harvard, MIT and Stanford.

● We are a member of the Cybersecurity Tech Accord (2019)

For more information, visit www.globant.com.

Forward Looking Statements

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 and Belatrix 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 and Belatrix and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the ability to recognize the anticipated benefits of the proposed transaction, (2) costs related to the proposed transaction, (3) changes in applicable laws or regulations, (4) the demand for Belatrix’s services together with the possibility that Belatrix may be adversely affected by other economic, business, and/or competitive factors; and (5) other factors discussed under the heading “Risk Factors” in our most recent Form 20-F filed with the Securities and Exchange Commission.

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.

+

Contact

Megan Felz

Account Manager

Walker Sands

megan.felz@walkersands.com

213.9664.9111