Glofy LLC Due Diligence
Run due diligence on Glofy LLC: check compliance and get alerts when suppliers or ownership change.
United States · owned by Independent (United States) · www.glofy.co · 7 vendors
Glofy LLC is a staff augmentation and nearshore software development company that connects top-tier IT professionals from Latin America with businesses in the United States and LATAM. They specialize in IT recruitment, custom software development, QA and testing, AI and data science, and UX/UI design. Their model allows companies to extend their engineering teams quickly with vetted, time-zone-aligned talent from the LatAm region.
Resilience scores
- Digital Sovereignty: 71
- Digital Resilience: 7
- Financial Resilience: 5
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Insights
Last updated 2026-08-18 · revision 3
7 direct vendors, 89 subvendors
Direct vendors by controlling owner country (sample)
- United States: 5
- Cyprus: 1
- Poland: 1
Subvendors by controlling owner country (sample)
- Canada: 1
- France: 3
- Australia: 2
Compliance
8 in-scope frameworks identified; showing 3.
SOC 2 (source) — No public evidence
Evidence: https://www.glofy.co, https://www.glofy.co/en/policy-privacy, https://www.aicpa-cima.com/resources/landing/system-and-organization-controls-soc-suite-of-services
CPRA — No public evidence
Evidence: https://www.glofy.co/en/policy-privacy, https://cppa.ca.gov/regulations/, https://oag.ca.gov/privacy/ccpa
EU-U.S. Data Privacy Framework — Evidence found
Evidence: https://www.glofy.co/en/policy-privacy, https://www.dataprivacyframework.gov/s/participant-search, https://commission.europa.eu/law/law-topic/data-protection/international-dimension-data-protection/eu-us-data-transfers_en
Financials
Three-year financials
- null:
Financial Resilience Score: 5/10
Glofy LLC presents a mixed financial resilience profile that is difficult to assess definitively due to the complete absence of publicly disclosed financial statements. As a private US LLC with operations in Argentina and Puerto Rico, the company is not required to file with the SEC and no audited financials are publicly available. Qualitative indicators suggest a reasonably resilient business model: an asset-light staff augmentation structure with low capex, a blue-chip client base including Caterpillar, Cargill, Clear, and the OAS, structural cost arbitrage from LatAm-based delivery, and a claimed 85% talent retention rate that reduces recruiting churn. However, meaningful risks weigh against these strengths. The small scale (~150 employees worldwide) implies likely customer concentration risk, where the loss of a single major client could materially impact revenue. Significant FX exposure exists given that engineers are paid in Argentine pesos while billing occurs in USD, compounded by Argentina's capital and exchange controls that complicate repatriation. Argentina's macroeconomic instability, including high inflation and sovereign risk, could compress margins. The nearshore LatAm staffing market is highly competitive with players like BairesDev, Globant, Nearsure, and Encora pressuring rates. Additionally, tech-hiring cyclicality (as seen in 2023-2024) tends to disproportionately impact external developer demand. The lack of any public financial transparency itself represents a due-diligence risk for counterparties.
Key strengths: Blue-chip diversified client base (Caterpillar, Cargill, Clear, OAS), Nearshore cost arbitrage via LatAm talent sourcing, Asset-light staff augmentation model with low capex, Claimed 85% talent retention rate, Multi-jurisdiction footprint (US, Puerto Rico, Argentina) for tax and FX flexibility, >95% university graduate workforce
Risk factors: Small scale (~150 employees) implies elevated customer concentration risk, FX exposure: ARS-denominated costs vs USD revenue, Argentina macro risk: high inflation, capital controls, sovereign risk, Highly competitive nearshore staffing market (BairesDev, Globant, Nearsure, Encora), Client cyclicality tied to tech-hiring downturns, No public financial disclosures — transparency risk for counterparties
Workforce by country
- Worldwide: 150
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