Endeavor-supported company Globant, the Latin American leader in the creation of innovative software products, recently announced the appointment of Endeavor board member and LinkedIn co-founder Reid Hoffman to its Board of Advisors. The appointment is one of many benefits that Globant has received since the founding entrepreneurs were selected to become part of Endeavor in 2005. Mr. Hoffman comes to Globant following a recent investment in the company by the not-for-profit Endeavor’s Catalyst Program, of which Mr. Hoffman is a Board Director.
Commenting on his appointment, Mr. Hoffman said, “Globant is a great example of the Endeavor’s mission of catalyzing long-term economic growth in emerging markets. The team struck me with their vision, passion and extensive experience working with some of the most innovative companies of today. The work they’re doing is generating jobs and career opportunities for thousands, and I’m excited to have the opportunity to help them continue on this trajectory.”
Globant runs a network of more than 2,500 software engineers, developers and designers based in 15 locations across Latin America and the US, creating innovative software products for international clients including LinkedIn. Globant is responsible for the development of LinkedIn’s mobile applications for Android and iPhone, and the implementation of the OpenSocial framework to integrate applications with the professional network (more information here).
Mr. Hoffman is Partner at Greylock and executive chairman at LinkedIn, the company he co-founded in 2003. Reid currently serves on the boards of Airbnb, Edmodo, Mozilla (Firefox), Shopkick, Swipely, and Zynga. He has co-led investments in Coupons.com, Groupon, and Viki.
“We are extremely proud to have Reid in our Board of Advisors. I admire his professional experience and especially the way he is always thinking big and different”, said Martín Migoya, Globant CEO and Co-founder. “His technology, business and entrepreneur perspectives will provide strategic points of view on Globant´s challenges. During this year, we need to work hard to keep adding more value to our customers, staying at the edge of every technology and trend, and growing at a constant pace, both organically and through M&As. I believe that Reid will definitely add a lot of value to these plans.”
Globant´s Board of Advisors plays a key role in defining the strategic agenda and providing advice and guidance to the Company. Mr. Hoffman´s knowledge around innovative successful companies will be key to help Globant become a leader in its field.
Globant is the first company to receive an investment from Endeavor’s recently created Catalyst program, a revolutionary and high-impact initiative that uses donated capital to allow Endeavor Global to co-invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment both to support Endeavor Global’s operations and to be reinvested into Catalyst to provide funding for other Endeavor Entrepreneurs. To see the Dow Jones VentureWire article on Catalyst, click here.
Also check out the TechCrunch article “After Endeavor invests, Reid Hoffman joins Globant’s advisory board; is an IPO next?“
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