GlobalLogic is an American digital services company providing software product design and development services. It is an independent subsidiary[2] of
Hitachi Ltd.[3][4][5][6] GlobalLogic has corporate headquarters in
San Jose, California.[7]
Company overview
Early history
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 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, Globalogic will continue to operate as an independent subsidiary.[36]
2022–2023
In December 2023, GlobalLogic acquired Katzion, an Australia-based engineering firm specializing in applications for the automotive industry, for an undisclosed amount.[37]
OpenStreetMap Foundation 2018 elections incident
During the 2018
board elections of the
OpenStreetMap Foundation, more than 100 individuals registered from the same IP address within a few hours. The signups were flagged immediately as suspicious but were not rejected by the OSMF board,[38] because they were received after the deadline and so were not eligible to vote. Those voting to keep the memberships stated that there was no assumption of ill intent.[39]
The OpenStreetMap Membership Working Group released a public report[40] indicating a large group of signups from GlobalLogic.
GlobalLogic then offered to withdraw the memberships, and the OSMF board accepted the offer as resolution in February 2019.[41][42]