Argie IT Firm Gets International Investment

US-based communications services group WPP has agreed to acquire a 20% stake in Argentine IT firm Globant for $70m, Globant says. The firm is present in several LatAm countries and has grown through acquisitions since 2003, boosted by private equity funds from investors including Endeavor Catalyst, Riverwood Capital and FTV Capital. Most recently it has acquired US-based mobile technology firm Nextive and Brazilian developer Terra Forum.