GlobalLogic

GlobalLogic got its start in 2000 as Induslogic, a provider of outsourced software and product development services. Induslogic maintained a service delivery center in Noida, India. Peter Harrison was appointed CEO in 2001 and Vasudev Bhandarkar joined the board in 2004.[8]

In 2006, Induslogic merged with Bonus Technology to form GlobalLogic, a new global product development services company.[9]

The same year, the company received Series B venture round funding of $12.5M from Sequoia Capital and New Enterprise Associates in 2006[10] and acquired Lambent Technologies, an offshore software R&D services firm based in Nagpur, India.[11]

In 2008, GlobalLogic opened offices in London, naming Mike Daniels as chairman of the board and hiring Shashank Samant as president. The same year, it acquired U.S.-based Validio Software and its Ukraine-based development center. Also, in 2008, the company received $29.5M in Series C venture round funding from Sequoia Capital, New Atlantic Ventures, and New Enterprise Associates.[12] In 2009, GlobalLogic partnered with LumenData, a product development and services firm focused on enterprise data management, to open a delivery center in Bangalore.[13] GlobalLogic also acquired two software R&D services firms: InterObject and Cubika. InterObject, based in Ramat Gan, Israel, works with embedded software, mobile and streaming media products.[14] Cubika, based in Buenos Aires, Argentina, builds software products for the media, entertainment, telecom and finance markets.[15] In 2010, GlobalLogic received funding from Goldman Sachs.[16]

In 2011, GlobalLogic opened an office in Santiago, Chile to expand its operations in South America.[17] It then acquired Rofous Software, a content engineering firm headquartered in Hyderabad, India with specialization in content engineering.[18] The same year, GlobalLogic acquired Method Incorporated, a brand experience agency with offices in San Francisco, New York City and London.[19]

In 2012, CEO Peter Harrison became vice chairman and its president, Shashank Samant, was appointed CEO.[20]

In 2013, Apax Partners ("Apax"), a global private equity firm, acquired GlobalLogic. Rohan Haldea, Walden Rhines and Peter Bonfield joined the company's board of directors, and Salim Nathoo was named chairman.[21]

In 2014, GlobalLogic hired Zaheer Allam as chief delivery officer[22] and opened new delivery centers in Nagpur, India[23] and Kosice, Slovakia.[24] In 2015, the company opened a delivery center in Kraków, Poland.[25] In 2016, Peter Bonfield took over the role of board chairman.[26] The same year, GlobalLogic acquired REC Global, a Poland-based software development provider specializing in embedded technologies.[27]

In 2017, the Canadian Pension Plan Investment Board (CPPIB) acquired 48% of GlobalLogic from Apax.[28][29]

In 2018, Apax Partners sold its remaining 48% stake private equity firm Partners Group,.[30]

In 2019, GlobalLogic acquired U.S.-based Skookum, a digital strategy and design firm.

In 2020, GlobalLogic appointed Rajaram Radhakrishnan as chief revenue officer.[31] The same year, GlobalLogic partnered with SimCorp to change the cloud delivery model for the SimCorp Dimension platform.[32] GlobalLogic then acquired Meelogic Consulting AG, a Berlin-based healthcare and automotive-focused software engineering firm. Next it acquired the ECS Group, a UK-based digital transformation consultancy.[33]

On March 31, 2021, Hitachi announced that it would buy GlobalLogic for $9.6 billion.[34][35] The acquisition was completed on July 14, 2021.[36] Under the terms of merger, Globalogic will continue to operate as an independent subsidiary.[37]