Spanish management consultancy Bluecap joins Globant

24 December 2020 2 min. read

Spanish financial services management consulting firm Bluecap has joined Globant, an Argentinian-origin digital transformation specialist with more than 14,000 employees globally. 

Founded in 2005 by former Oliver Wyman consultant Maite Barrera, Bluecap is a specialised management consultancy dedicated to the financial services sector. The firm has more than 160 consultants operating from offices in Madrid and Barcelona, serving clients including BBVA, Caixabank, Sabadell and Santander. 

Bluecap’s specialism lies in strategy, the management of the commercial, finance, risk and capital functions, and advanced analytics – injecting a fact-based approach to its work. “At Bluecap, we design new business models and strategies for tomorrow's banks, drawing on our advanced analytical skills while helping to integrate new services offered by the most innovative fintech firms,” explained Barrera. 

Spanish management consultancy Bluecap joins Globant

Joining Globant will according to the founder and chief executive officer enable the consultancy to “offer even better value to our clients”, blending Bluecap’s “commercial banking and risk management capabilities with Globant's digital transformation expertise and their global presence.” 

Meanwhile, for Globant, the move comes shortly after it closed one of the largest deals in its 17-year-history. In August 2020, the company purchased Grupo Assa, a US-listed 1,100-strong digital consulting and cloud transformation services company with a presence in the United States, Argentina, Brazil, Chile, Colombia, Mexico and Spain.

The bolt-on of Bluecap adds a layer of strategic offerings to Globant’s portfolio, and provides the firm with a network of C-level executives. As a result, Bluecap be positioned as the strategy consulting brand of Globant (under its current brand), while founder Barrera will join the group's global executive team. 

“Bluecap's consulting and analytical expertise will be key to keep transforming organisations leveraging our strong focus on digital trends, artificial intelligence and data analytics,” said Martín Migoya, Globant's chief executive officer and co-founder. He added that it will also strengthen the company’s footprint in Europe, where the firm sees “a strong opportunity” for growth.