Clearwater advises CloudShift on its sale to Globant

Transaction

Cloudshift sold to Globant

Sell-side

Undisclosed

Role

Adviser to Cloudshift on its sale to Globant

Sector

Tech & Tech Services

Region

United Kingdom

Clearwater has advised CloudShift, a leading Salesforce partner in the UK specialising in multi-cloud digital transformation, on its sale to Globant (NYSE: GLOB), which will reinforce Globant’s leadership in digital and cognitive transformation, by scaling its cloud expertise in market leading platforms like Salesforce and will be a platform for ambitious European growth.

Headquartered in London UK, CloudShift is fast approaching 100 professionals working for renowned brands such as Hitachi, Square Enix, GoCardless and Colliers International. The company is one of the leading Salesforce Regional System Integrators in the UK. Like Globant, Cloudshift is a Salesforce Platinum Partner, and has a proven track record of enterprise level digital transformation. This includes deep multi cloud technical expertise in the entire Salesforce product stack including MuleSoft, Tableau and Slack.

We are thrilled to become part of the Globant family and be part of the ambitious expansion plans. When we first met Clearwater, we described the ideal acquirer for our business. The Clearwater team worked closely with us to make sure our business was presented as well as it could be and drawing on their deep market knowledge, Wes and the team delivered multiple offers from highly credible strategic acquirers. They were with us every step of the way and negotiated a fantastic deal for the shareholders, our employees and our partners. If anyone ever says selling a business is easy, they are kidding and it really helped that we enjoyed working with Wes and the team, who were willing to have challenging conversations with us and on our behalf.
Alastair Murray, founder and CEO, Cloudshift

We found in CloudShift an amazing team with deep Salesforce multi-cloud experience and a strong vision of how to deliver digital transformation. Just like we do, CloudShift truly understands the challenges that organizations are facing today and have the necessary experience to reinvent business models. We are excited to have this highly innovative and agile company as part of our team and to expand our presence throughout Europe.
Martín Migoya, CEO and co-founder, Globant

With this acquisition we are moving forward with closing strategic investments in areas that reinforce Globant’s value proposition. We have strong expertise in Salesforce gathered under our own Salesforce Studio. CloudShift key partnerships with Salesforce, MuleSoft, Tableau and Slack will help broaden our own portfolio of cloud solutions.
Martín Umaran, co-founder and Chief of Staff in charge of M&A, Globant

CloudShift is one of, if not the leading Salesforce RSI in the UK. The business stood out due to its multi-cloud expertise, delivering genuinely transformational results for customers, led by an outstanding leadership team that recognised the value of building close ties with Salesforce and nurturing talent to set the foundations for future growth. The combination of CloudShift and Globant is highly strategic and we are proud to have delivered an exceptional result, which as Alastair noted isn’t just a great result for the shareholders, it’s also really exciting for Cloudshift’s employees and partners.
Wesley Fell-Smith, TMT Director, Clearwater international