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Buenos Aires based Globant has raised $13 million in a round of funding. The company is a software product development and IT maintenance outsourcing provider. The amount is raised from Riverwood Capital and FTVentures.

According to Martin Migoya, Globant’s CEO:

Given the challenging times, closing this transaction reinforces our success in executing on Globant’s vision of creating the leading IT vendor in Latin America. We provide our clients with a dynamic project management and staffing framework that drives increased efficiencies in the cost effective delivery of IT solutions.