Intelligent CIO North America Issue 51 | Page 8

Globant acquires Blankfactor and strengthens payments , banking and capital markets practice in the US
BigBear . ai awarded $ 165m five-year production contract to deliver the US Army ’ s Global Force Information Management
NEWS
Globant acquires Blankfactor and strengthens payments , banking and capital markets practice in the US

Globant has entered into a definitive agreement to acquire

Blankfactor , a US-based IT services consultancy specializing in payments , banking , and capital markets , with a successful track record in the financial services industry and extensive experience in card issuance , merchant acquisition , and securities finance .
In addition , the company specializes in providing consulting-driven product engineering solutions , data engineering and enterprise AI .
Blankfactor , headquartered in Miami , currently develops solutions for some of the strongest brands in the financial sector , including six of the top ten payment processors and several of the world ’ s most reputable banks and asset managers .
“ Blankfactor brings incredible experiences and best practices in the financial services space , which is a key sector for Globant . As AI develops and impacts industries , we want to expand the company ’ s visions and expertise to provide an ever-evolving service to our clients ,” said Martin Migoya , Co-founder and CEO , Globant .
Nicolás Kaplun , Globant ’ s Chief Business Officer in North America , said : Blankfactor is a great organization with world-class clients and has an exceptional track record , offering specialized value propositions in an industry crucial to our corporate roadmap . They join Globant to consolidate the Payments Studio in North America at a special time when the financial services industry is undergoing a major reinvention .”
Michael Wear , Founder and CEO , Blankfactor , said : “ I have always admired Globant as a model of execution at scale in digital transformation , with exceptional talent around the world . With Globant ’ s scale and depth , I look forward to achieving even greater results for our clients .
BigBear . ai awarded $ 165m five-year production contract to deliver the US Army ’ s Global Force Information Management
BigBear . ai has been awarded a five-year , $ 165.15 million sole source prime contract by the US Army for Global Force Information Management ( GFIM ) Production Services .
“ This contract exemplifies our unwavering commitment to the Army ’ s digital transformation efforts through our deep mission expertise and use of cuttingedge technology ,” said BigBear . ai ’ s CEO , Mandy Long .
Since 2021 , BigBear . ai has been working with the Army to transform 15 legacy systems into an enterprise-wide intelligent automation platform , supporting the Secretary of the Army ’ s vision for datacentric force management .
“ For the past several years , BigBear . ai has been working to support the Secretary ’ s goal of ensuring the Army embraces new technologies to become a more data-centric fighting force ,” said Ryan Legge , President of National Security at BigBear . ai .
Andy St . Laurent , U . S . Army GFIM Capabilities Management Officer , said : “ The GFIM system will provide critical authoritative force management data that enables the Army to properly train , man , equip and resource our forces .”
Building on the contributions through Phase 1 and Phase 2 , this contract will support the continued development and transition of GFIM-OE capabilities to production .
“ As a leader in providing technical solutions , we are proud to continue and expand on our partnership with the G-3 / 5 / 7 and PEO-EIS to deliver this mission critical application .”
“ Over the past nine months of development , our team utilized the SAFe Agile Framework to work together and has moved closer to making GFIM-OE a reality .”
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