# GlobalLogic

GlobalLogic is a digital services company providing software development services. It is a subsidiary of Hitachi. GlobalLogic has corporate headquarters in San Jose, California. The current CEO is Srinivas Shankar.

## 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.
In 2006, Induslogic merged with Bonus Technology to form GlobalLogic, a new global product development services company.
The same year, the company 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.

### 2008–2013

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. In 2009, GlobalLogic partnered with LumenData, a product development and services firm focused on enterprise data management, to open a delivery center in Bangalore. 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. Cubika, based in Buenos Aires, Argentina, builds software products for the media, entertainment, telecom and finance markets. In 2010, GlobalLogic received funding from Goldman Sachs.
In 2011, GlobalLogic opened an office in Santiago, Chile to expand its operations in South America. It then acquired Rofous Software, a content engineering firm headquartered in Hyderabad, India with specialization in content engineering. The same year, GlobalLogic acquired Method Incorporated, a brand experience agency with offices in San Francisco, New York City and London.
In 2012, CEO Peter Harrison became vice chairman and its president, Shashank Samant, was appointed CEO.
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.

### 2014–2021

In 2014, GlobalLogic hired Zaheer Allam as chief delivery officer and opened new delivery centers in Nagpur, India and Kosice, Slovakia. In 2015, the company opened a delivery center in Kraków, Poland. In 2016, Peter Bonfield took over the role of board chairman. The same year, GlobalLogic acquired REC Global, a Poland-based software development provider specializing in embedded technologies.
In 2017, the Canadian Pension Plan Investment Board (CPPIB) acquired 48% of GlobalLogic from Apax.
In 2018, Apax Partners sold its remaining 48% stake to private equity firm Partners Group.
In 2019, GlobalLogic acquired U.S.-based Skookum, a digital strategy and design firm.
In 2020, GlobalLogic appointed Rajaram Radhakrishnan as chief revenue officer. The same year, GlobalLogic partnered with SimCorp to change the cloud delivery model for the SimCorp Dimension platform. 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.
On March 31, 2021, Hitachi announced that it would buy GlobalLogic for $9.6 billion. The acquisition was completed on July 14, 2021. Under the terms of merger, GlobalLogic will continue to operate as an independent subsidiary.

### 2022–2023

In November 2022, GlobalLogic acquired Fortech, a software engineering services company based in Romania.
In December 2023, GlobalLogic acquired Katzion, an Australia-based engineering firm specializing in applications for the automotive industry, for an undisclosed amount.
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.