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GlobalLogic is a digital services company providing software development services. It is a subsidiary of Hitachi.[2][3][4][5] GlobalLogic has corporate headquarters in San Jose, California.[6] The current CEO is Srinivas Shankar.[7]
GlobalLogic got its start in 2000 as Induslogic in India, a provider of outsourced software and product development services. Induslogic maintained a service delivery center in Noida. 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]
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.[11] In 2009, GlobalLogic partnered with LumenData, a product development and services firm focused on enterprise data management, to open a delivery center in Bangalore.[12] 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.[13] Cubika, based in Buenos Aires, Argentina, builds software products for the media, entertainment, telecom and finance markets.[14] In 2010, GlobalLogic received funding from Goldman Sachs.[15]
In 2011, GlobalLogic opened an office in Santiago, Chile to expand its operations in South America.[16] It then acquired Rofous Software, a content engineering firm headquartered in Hyderabad, India with specialization in content engineering.[17] The same year, GlobalLogic acquired Method Incorporated, a brand experience agency with offices in San Francisco, New York City and London.[18]
In 2012, CEO Peter Harrison became vice chairman and its president, Shashank Samant, was appointed CEO.[19]
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.[20]
2014–2021
In 2014, GlobalLogic hired Zaheer Allam as chief delivery officer[21] and opened new delivery centers in Nagpur, India[22] and Kosice, Slovakia.[23] In 2015, the company opened a delivery center in Kraków, Poland.[24] In 2016, Peter Bonfield took over the role of board chairman.[25] The same year, GlobalLogic acquired REC Global, a Poland-based software development provider specializing in embedded technologies.[26]
In 2017, the Canadian Pension Plan Investment Board (CPPIB) acquired 48% of GlobalLogic from Apax.[27][28]
In 2018, Apax Partners sold its remaining 48% stake to private equity firm Partners Group.[29]
In 2019, GlobalLogic acquired U.S.-based Skookum, a digital strategy and design firm.
In 2020, GlobalLogic appointed Rajaram Radhakrishnan as chief revenue officer.[30] The same year, GlobalLogic partnered with SimCorp to change the cloud delivery model for the SimCorp Dimension platform.[31] 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.[32]
On March 31, 2021, Hitachi announced that it would buy GlobalLogic for $9.6 billion.[33][34] The acquisition was completed on July 14, 2021.[35] Under the terms of merger, GlobalLogic will continue to operate as an independent subsidiary.[36]
2022–2023
In November 2022, GlobalLogic acquired Fortech, a software engineering services company based in Romania.[37]
In December 2023, GlobalLogic acquired Katzion, an Australia-based engineering firm specializing in applications for the automotive industry, for an undisclosed amount.[38]
2025
On February 3, 2025, Srinivas Shankar became the new CEO and President of GlobalLogic, after previous CEO Nitesh Banga stepped down from this position.[39]
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