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GlobalLogic to acquire Indian firm
GlobalLogic, a California-based design and digital product development company, is in the process of acquiring a niche Indian firm, not aimed at adding one more location in the country though, within the next couple of quarters, according its Vice-President (engineering) Centre Head (Noida) A Nandini.
Hyderabad: GlobalLogic, a California-based design and digital product development company, is in the process of acquiring a niche Indian firm, not aimed at adding one more location in the country though, within the next couple of quarters, according its Vice-President (engineering) Centre Head (Noida) A Nandini.
“The acquisition, if and when it happens, will be in a competency in which GlobalLogic has a gap… It will give us a head start. It will be in one of our five existing locations – Hyderabad, Noida, Gurgaon, Nagpur and Bengaluru,” she told The Hans India. Nandini, however, declined to disclose the value of the deal, saying that due diligence was yet to be completed.
Founded in 2002 as IndusLogic and later rechristened GlobalLogic, the privately-held company has so far made over half-a-dozen acquisitions globally, including Noida-based application development firm Lambent in April 2006, US-based Validio Software reportedly for $40 million in 2008, Argentinean software development player Cubika in 2010, and Hyderabad-headquartered product content engineering company Rofous Software and San Francisco-based design and innovation consultancy firm Method in 2011.
“GlobalLogic has grown through a combination of organic and inorganic growth. And, our acquisitions have always been either focused on filling a missing gap or to make inroads into a new geography,” Nandini maintained. Acquired by private equity giant Apax Partners for $420 million in October 2013, GlobalLogic currently employs over 10,000 globally, of which around 6,000 work out of its seven centres in India.
The San Jose-based company opened its third engineering centre, with a 350-seat capacity, in Hyderabad on Monday, taking its total headcount in Hyderabad to 2,500. GlobalLogic intends to use the new facility to create new innovation labs for clients and build upon its existing strengths in content engineering and enterprise.
“The idea is to grow this new centre not just to increase work with some of the existing clients but also use this as an opportunity to add new logos and focus on increasing our revenues out of Hyderabad,” Nandini said. Stating that the US and India are on the cards when it comes to disproportionate growth for GlobalLogic as a company, she said they were looking at opening a second centre in Gurgaon in near future. “With India having a large talent pool, and still being considered as the preferred destination for R&D outsourcing, we are poised for growth in all our centres,” Nandini added.
By K Rajani Kanth
