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GlobalLogic

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GlobalLogic
Company typePrivate
IndustryDigital Product Engineering Services
Founded2000
HeadquartersSan Jose, California
Key people
Shashank Samant (CEO), Vasu Sarangapani (CSO), Nitesh Banga (COO), Scott Brubaker (CFO), Arya Barirani (CMO), Zaheer Allam (CCO), Jim Walsh (CTO), Amy Hanlon-Rodemich (CPO)
RevenueUSD $650M+[citation needed]
Number of employees
16000+[citation needed]

GlobalLogic is a Digital Product Engineering Services company that was founded in 2000 and is headquartered in San Jose, California.[1] It is a privately held company funded by Partners Group and CPP Investment Board. GlobalLogic provides software product development services, including experience design, complex systems engineering, content engineering, and self-contained engineering labs. The company specializes in software engineering for cloud platforms, embedded software, Internet of things, Automotive, mobile applications, and security [2].

Company overview

GlobalLogic was initially founded in 2000, with headquarters in Vienna, Virginia, and a delivery center in Noida, India. With funding from New Atlantic Ventures. In 2001, when the company was just 20 people, the board appointed Mr. Peter Harrison as CEO. Vasudev Bhandarkar joined Globallogic as its first Independent Board Member in 2004. The company incubated PineLabs in 2001 and in 2004 hired Lokvir Kapoor to head this subsidiary before spinning it out in 2006 and later selling the business to Sequoia Capital. The company was formerly named Indus Logic and changed its name to GlobalLogic in 2006.

GlobalLogic received Series B Venture round funding of $12.5M from Sequoia Capital and New Enterprise Associates in 2006 and acquired Lambent Technologies, an offshore software R&D services firm based in Nagpur, India with specialization in mobile technology.[3] Also in 2006, GlobalLogic acquired Bonus Technology, an offshore software R&D services firm based in New Jersey with operations out of Kiev, Ukraine and specializing in mobile and telecommunication technologies.[4] In 2008, GlobalLogic hired Mr. Shashank Samant as President, who would later take over the position of CEO in 2012. [5]

In 2008, GlobalLogic opened offices in London, England and named Mike Daniels as Chairman of the Board. 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.[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] Cubika is based in Buenos Aires, Argentina and specializes in building software products for the media, entertainment, telecom and finance markets.[9] In 2010, GlobalLogic received funding from Goldman Sachs.[10]

In 2011, GlobalLogic opened an office in Santiago, Chile to expand its operations in South America.[11] and acquired Rofous Software, a content engineering firm headquartered in Hyderabad, India with specialization in content engineering.[12] In 2011, the company acquired Method Incorporated, a brand experience agency with offices in San Francisco, New York City and London.[13]

In 2012 Peter Harrison (then CEO of GlobalLogic) moved to Vice-Chairman and Shashank Samant (then president of GlobalLogic) was appointed as CEO.[14]

In October 2013, Apax Partners ("Apax"), a global private equity firm, announced that they entered into a definitive agreement to acquire GlobalLogic. Rohan Haldea, Walden C. Rhines and Sir Peter Bonfield joined the company's Board of Directors, and Salim Nathoo was named chairman.[15] Sir Peter Bonfield later took over the role of Board Chairman in 2016.[16]

In 2014, GlobalLogic hired Zaheer Allam as Chief Delivery Officer[17] and opened new delivery centers in Nagpur, India [18] and Kosice, Slovakia.[19] In 2015, the company opened a delivery center in Kraków, Poland.[20] In 2016, GlobalLogic acquired REC Global, a Poland-based software development provider specializing in embedded technologies. Since 2016, GlobalLogic has opened new centers in Raanana, Israel, Gurgaon and Pune, India. [21]

In 2016, the Canadian Pension Plan Investment Board (CPPIB) entered into a definitive agreement with Funds advised by Apax Partners to acquire 48% of GlobalLogic for an undisclosed amount. [22]

In 2018, Apax Partners sold its remaining 48% stake in to Partners Group, a private equity firm[23].

In March 2020, GlobalLogic announced their partnership with SimCorp, an integrated investment management solutions and services provider, to transform the cloud delivery model for SimCorp's flagship front-to-back platform - SimCorp Dimension.[24]

OpenStreetMap Foundation 2018 elections incident

During the 2018 board elections of the OpenStreetMap Foundation, a significant and unusual spike in signups was observed. More than 100 individuals registered from the same IP address within a few hours on 15 November 2018. The signups were flagged immediately as suspicious but were not rejected by the OSMF board,[25] as these signups were not able to vote for the 2018 elections because made after the deadline.

The OpenStreetMap Membership Working Group released a public report [26] alleging that this was an orchestrated, directed campaign by GlobalLogic to register in mass their Indian subsidiary employees, and suggested an attempt to manipulate the election.

References

  1. ^ "GlobalLogic to acquire Indian firm". The Hans India. 2016-09-27. Retrieved 2018-05-24.
  2. ^ "GlobalLogic Practices".
  3. ^ "GlobalLogic Invests in India".
  4. ^ "Induslogic and Bonus Technology Merge".
  5. ^ "Shashank Samant is GlobalLogic's New CEO".
  6. ^ "GlobalLogic Raises $29.5M for Offshore Software Development". 2008-02-09.
  7. ^ "LumenData, GlobalLogic to Expand Ops". Business Standard India. 2009-03-25.
  8. ^ "GlobalLogic Enters Israeli Software Market".
  9. ^ "GlobalLogic and Cubika Join Forces". Business Standard India. 2010-02-22.
  10. ^ "Goldman Sachs Invests in GlobalLogic". Reuters. 2010-04-16.
  11. ^ "GlobalLogic Opens Offices in Chile".
  12. ^ "GlobalLogic and Rofous Software Join Forces".
  13. ^ "GlobalLogic Acquires Method".
  14. ^ "GlobalLogic Announces Shashank Samant as New CEO | GLobalLogic Latinoamerica". GLobalLogic Latinoamerica (in Spanish). 2012-05-02. Retrieved 2017-11-06.
  15. ^ "Apax Partners' Funds to Acquire GlobalLogic".
  16. ^ "GlobalLogic Makes Strategic Board Appointments to Support Next Phase of Growth".
  17. ^ "GlobalLogic Continues Leadership Momentum with Hire of Zaheer Allam".
  18. ^ "GlobalLogic Opens New Centre in India".
  19. ^ "GlobalLogic Opens a New Office in Europe".
  20. ^ "GlobalLogic Establishes New Engineering Center in Poland".
  21. ^ "GlobalLogic Acquires REC Global".
  22. ^ "Canada Pension Plan Investment Board to Acquire an Approximate 48 Percent Stake in GlobalLogic Inc. From Apax Funds". 2017-01-11.
  23. ^ "Partners Group to Acquire GlobalLogic Stake From Apax Partners". Bloomberg.com. Retrieved 2018-07-12.
  24. ^ "SimCorp Partners with GlobalLogic to Boost Investment Management Services with Cloud Transformation". finance.yahoo.com. Retrieved 2020-03-05.
  25. ^ Jon Russel (2018-12-19). "Grab is messing up the world's largest mapping community's data in Southeast Asia". TechCrunch. membership requests for "more than 100 applicants" from GlobalLogic
  26. ^ "Investigation into the Unusual Signups" (PDF).
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