# Globant and Mithandir: one business need, two ways to approach it

> Globant built a global company around turning operational problems into technology that works. What service we offer, where the two proposals overlap, and what its growth and its slowdown teach.

Field note No. 04 · Perspective · October 7, 2026 · 4 min read
By: Alfonso Ponzellini, co-founder and director at Mithandir · https://mithandir.com/en/blog/globant-y-mithandir

Companies need to turn their operational problems into technology solutions that work. Connecting systems, automating tasks, building their own tools and making use of their data are all part of that challenge.

Globant built a global company around that need. Mithandir works on problems of the same nature, with a different scale and structure.

The comparison helps explain what service we offer, where the two proposals overlap, and what we can learn from the evolution of one of Argentina's best-known technology companies.

## What Globant is

Globant was born in Argentina in 2003 and became an international technology services company. Its offer combines software engineering, design, consulting, systems integration and digital transformation. In 2014 it began trading on the New York Stock Exchange. [1]

Its work consists of helping other organizations build and improve the technology they use to operate: applications, platforms, enterprise systems, data infrastructure and artificial intelligence solutions.

To do so, it organizes its capabilities into specialized teams called *Studios*, focused on technologies, disciplines and industries. It also implements and integrates third-party platforms such as SAP, Salesforce and Microsoft. [2]

The value of that service lies in connecting a business need with the technical capability to solve it and taking the solution to production.

## Why its proposal looks like Mithandir's

Mithandir starts from a similar logic: understand how an organization works, identify its difficulties and build technology that improves its operation.

A company may need to connect its CRM to its sales channels, automate document processing, organize its purchasing or build a customer portal. Although the projects differ, they share the same path: understand the process, design the solution, integrate the systems and support the implementation.

That path is also part of Globant's offer.

The similarity shows up in four areas:

**Custom software development.** Both proposals include tools built around the needs of the business. At Mithandir, this covers applications, portals, backoffices and management systems.

**Systems integration.** Organizations often run on tools that exchange information in incomplete or manual ways. Our work connects those tools so processes can flow end to end.

**Automation and artificial intelligence.** We apply technology to concrete tasks: processing documents, assisting sales teams, managing information and running workflows.

**Evolution of the solutions.** Implementation needs follow-up. Processes change and new needs appear; that is why maintenance and continuous improvement are part of the service.

Globant offers these capabilities at international scale through its technology services networks. Mithandir approaches them through each client's projects and processes. [2][3]

## How Globant grew

Globant combined Latin American talent, access to international clients, technical specialization and acquisitions.

Working with well-known companies strengthened its reputation and opened new opportunities. Its expansion through the purchase of other companies brought in capabilities, commercial relationships and a presence in new markets. [1][4]

The scale of the growth was considerable: in 2021 its revenue grew 59.3% and its headcount grew 44.8%. [5]

That process shows how a technology services company can grow by combining execution, commercial trust and specialized knowledge.

## What its slowdown teaches

Globant's growth slowed sharply: its revenue grew 15.3% in 2024 and 1.6% in 2025. At the same time, its accounting operating margin went from 9.3% to 7.0%. The company remained a large-scale business, but with different dynamics from its years of accelerated expansion. [6][7]

Our reading is that the case exposes a difficulty specific to technology services: a structure built to serve growing demand can become hard to sustain when projects slow down. Globant reported workforce adjustment programs and office reductions that began in 2025 and 2026. [8]

Artificial intelligence adds another change: it forces a review of the relationship between effort, productivity and price. Globant is developing services through AI Pods and Glob.AI, with schemes tied to outcomes or consumption. [8]

## What this comparison means for Mithandir

Mithandir shares a service category with Globant: helping organizations transform their operation through technology.

That does not imply equivalence in scale, experience or global capability. Our proposal is built around understanding each business, integrating its tools and building solutions for concrete needs.

The lesson we take from the case is clear: growing requires sustaining the quality of deliveries, the profitability of projects and the usefulness of the solutions over time.

That is why our direction is to combine custom software, automation, artificial intelligence and reusable components. We aim for what we learn in each implementation to improve the next ones, and for the technology to translate into verifiable results for the client.

**At Mithandir we connect business problems with the technology needed to solve them, from diagnosis through implementation and evolution.**

## Sources

1. [Globant: timeline of expansion and growth](https://stayrelevant.globant.com/en/culture/globant-experience/globant-global-expansion-and-growth/).
2. [Globant: about the company and its Studios](https://www.globant.com/about/).
3. [Globant: 2023 integrated report](https://statics.globant.com/more/RELEASE-wp-intgrated-report-v1.2.0/statics/Globant-2023-Integrated-Report.pdf).
4. [Globant: 2023 annual report filed with the SEC](https://www.sec.gov/Archives/edgar/data/1557860/000162828024008037/glob-20231231.htm).
5. [Globant: growth and recognition in 2022](https://investors.globant.com/2022-11-01-Globant-Earns-the-Frost-Sullivan-2022-Company-of-the-Year-Award-for-Digital-Transformation-Services).
6. [Globant: 2024 full-year results](https://investors.globant.com/2025-02-20-Globant-Reports-2024-Fourth-Quarter-and-Full-Year-Financial-Results).
7. [Globant: 2025 full-year results](https://investors.globant.com/2026-02-26-Globant-Reports-2025-Fourth-Quarter-Financial-Results).
8. [Globant: second quarter 2026 results](https://investors.globant.com/2026-08-13-Globant-Reports-2026-Second-Quarter-Financial-Results).

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