GlobalLogic closes Series C round for $29.5 Mn

Vienna: Sanjay Singh co-founded GlobalLogic announced that it has secured $29.5 million in Series C funding. The new funding will be used to execute the company's global merger and acquisitions strategy as it continues to expand worldwide. Led by Sequoia, all of GlobalLogic's existing investors, Draper Atlantic (now New Atlantic Ventures), New Enterprise Associates (NEA) and Sequoia Capital India, participated in the C round.

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"Today, we announced our first acquisition of 2008, which we accomplished using some of these funds: Validio Software, a significant global product development company based in Bellevue, Washington, with a substantial software development center in Ukraine," said said Peter Harrison, CEO, GlobalLogic.

Validio Software is a U.S.-based software development company with a 320-person development center in Kharkov, Ukraine. The acquisition expands GlobalLogic's .NET expertise and makes GlobalLogic one of the largest technology employers in Ukraine.

Founded in 2000, GlobalLogic focuses on software product R&D for technology companies, not IT services. Its 2,500 engineers in the U.S., India, China and Ukraine help GlobalLogic's clients develop software products cost-effectively and deliver them to market faster than they could on their own. GlobalLogic services include product testing and quality assurance, product analysis, conceptualization and realization, migration and porting, and product maintenance and support. GlobalLogic's distributed Agile development method and platform, GlobalLogic Velocity, shrinks the software product development lifecycle and ensures that robust, high-quality product releases are delivered on time.

Headquartered in Vienna, Virginia and has European headquarters in London, U.K, the company has global delivery centers throughout the U.S., India, Ukraine and China and employs nearly 3,000 professionals worldwide.