GlobalLogic
| Type | Private |
|---|---|
| Industry | Software Product R&D Services |
| Founded | 2000 |
| Headquarters | McLean, Virginia and San Jose, California |
| Key people | Peter Harrison (CEO), Shashank Samant (President), Wayne Grubbs (CFO), Jim Walsh (CTO), Mike DeVries (CMO) |
| Revenue | Undisclosed |
| Operating income | Undisclosed |
| Net income | Undisclosed |
| Employees | 5,000+ |
| Website | www.globallogic.com |
GlobalLogic is an offshore software R&D services company that was founded in 2000 by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay and has headquarters in McLean, Virginia and San Jose, California. It is a privately held company funded by New Enterprise Associates, Sequoia Capital, Westbridge Capital, Goldman Sachs, and New Atlantic Ventures. GlobalLogic provides software product design,[1][2] product development,[1] quality assurance, product support and consulting services. The company is also involved in telecommunications, wireless products and mobile devices.[1] Some companies use GlobalLogic to outsource the production of their own primary products.[1]
[edit] Company overview
GlobalLogic was initially founded as 'Induslogic' in 2000, with headquarters in Vienna, Virginia, a delivery center in Noida, India, and funding from New Atlantic Ventures. GlobalLogic received Series B Venture round funding of $12.5M from Westbridge Capital and New Enterprise Associates in 2006.[3] and acquired Lambent Technologies, an offshore software R&D services firm based in Nagpur, India. Induslogic became GlobalLogic after its merger with Bonus Technology, an offshore software R&D services firm based in New Jersey with operations out of Kyiv, Ukraine and specializing in mobile and telecommunication technologies.[1] In 2007, GlobalLogic opened delivery centers in Beijing, China.[4]
In 2008, GlobalLogic opened an office in London, England and named Mike Daniels as Chairman of the Board.[5] The company received $29.5M in Series C venture round funding from Sequoia Capital, New Atlantic Ventures and New Enterprise Associates.[6] In 2009, GlobalLogic partnered with LumenData, a product development and services firm focused on enterprise data management, to open a delivery center in Bangalore, India.[7] The company also acquired two offshore software R&D services firms: InterObject and Cubika. InterObject is based in Ramat Gan, Israel and specializes in embedded software, mobile and streaming media products.[8] In 2010, GlobalLogic received funding from Goldman Sachs[2] and opens an office in Frankfurt, Germany to expand its operations in Western Europe.[9]
In 2011, GlobalLogic opened an office in Santiago, Chile to expand its operations in South America.[10] The company acquired Rofous Software, a content engineering firm headquartered in Hyderabad, India.[11] The company also acquired Method Incorporated, a brand experience agency.[12]
[edit] References
- ^ a b c d e Rash, Wayne (September 22, 2006.) "Indus Logic and Bonus Technology Merge." eWeek. Accessed October 2011.
- ^ a b (April 16, 2010.) "Goldman Sachs asset management invests in GlobalLogic." Thomson Reuters. Accessed October 2011.
- ^ Induslogic closes series B funding of $12.5 million | TechJournal South
- ^ GlobalLogic Expands Global Product Development Service to China - Selected News | New Atlantic Ventures
- ^ GlobalLogic Names Mike Daniels Chairman of the Board | ExecutiveBiz
- ^ GlobalLogic closes Series C round for $29.5 Mn - The SmartTechie
- ^ IT News Online > India - General - LumenData Teams with GlobalLogic for Product Dvlpmt & Implementation
- ^ GlobalLogic Enters Israeli Software Product Development Market with Acquisition of InterObject | ITOnews.eu
- ^ GlobalLogic Opens Office in Germany and Appoints New Vice President | Sep 13, 2010 | RFPConnect
- ^ GlobalLogic
- ^ Sequoia India-backed GlobalLogic Acquires Rofous Software | VCCircle
- ^ Method bought by software R&D group Global Logic | News | Design Week
- Singh, Harsimran (November 11, 2008.) "GlobalLogic lays off 125 on ‘poor grading’." The Economic Times. Accessed October 2011.
- (February 22, 2010.) "GlobalLogic and Cubika to create near-shore R&D hub." The Indian Express. Accessed October 2011.
