Bowstring advises Avanxo on its acquisition by Globant

March 19, 2019 | Atlanta, GA

Bowstring Advisors (“Bowstring”), a division of Citizens Capital Markets, served as the exclusive financial advisor to Avanxo (the “Company”), a leading cloud transformation company, on its sale to Globant, a digitally native technology services company.

Avanxo pioneered the Cloud System Integration market in Latin America and received widespread recognition for its expertise and ability to drive customer success. Avanxo was recognized as a most valuable partner and became the first independent Platinum Consulting Partner of Salesforce in Latin America. The Company is an Advanced Consulting and MSP Certified Partner of Amazon Web Services, and has consistently been recognized by leading industry publications such as Talkin’ Cloud, CIO Review, CIO Application and by Forrester Research. The Company has 310 IT professionals exceptionally skilled in cloud capabilities and working for brands such as ABInBev, Sulamerica, Ecopetrol, Sika, Allianz, Terpel, Samsung, La Meridional, Audi Argentina and Sodimac.

“We are thrilled to become part of the Globant team. Globant is a leader in digital and cognitive transformations, recognized worldwide for its ability to incorporate cloud into its deliverables to enhance customer experience and success,” said Diego Maldonado, Avanxo founder and CEO. “Globant shares our core values focused on talent development, employee satisfaction, close alignment with our partners and customer success. By joining Globant, we will be able to broadly expand our capabilities and provide a vehicle for growth for our employees and our partners.”

“Selecting an investment banker is a very complex process,” he added. “You need to find someone you can trust, who knows your industry, listens to your requirements and has the relationships in place to ensure success. Bowstring exceeded our expectations in every aspect, and I highly recommend them. They ran an efficient and effective process, which led to a very successful outcome for Avanxo.”

Don Holbrook, managing director at Bowstring, added, “Avanxo is one of the largest Salesforce consultancies in Latin America. The Company’s capabilities are a natural extension of Globant’s existing offerings and the cultural fit between the two teams was immediately evident.”

Selecting an investment banker is a very complex process. You need to find someone you can trust, who knows your industry, listens to your requirements and has the relationships in place to ensure success. Bowstring exceeded our expectations in every aspect, and I highly recommend them. They ran an efficient and effective process, which led to a very successful outcome for Avanxo.

Diego Maldonado
Founder & CEO
Avanxo