GlobalLogic, the global leader in product development, announced today that it continued to experience solid momentum and growth during the third quarter (the company’s fiscal second quarter) ending September adding 25 new technology clients representing the mobile, healthcare, consumer and enterprise software product verticals. The company’s revenue increased 40% through the first six months of its fiscal year, with GlobalLogic exceeding $100M in revenue for the first time. In addition, GlobalLogic grew its employee base nearly 20% during the quarter, reaching 3,000 employees worldwide. Despite the global economic slowdown, its business outlook remains promising and robust. GlobalLogic expects to continue its quarter over quarter growth.
“Considering the current downturn in the economy and its potential effects on global markets, GlobalLogic’s specialization in full software product development lifecycle services is a relatively strong sector to be in,” explained GlobalLogic CEO Peter Harrison. “Our technology clients, both early stage and established, are able to utilize their GlobalLogic partnership to attain product quality, economy and time-to-market benefits through access to our product engineering centers in the US, India, Ukraine and China.”
Other key milestones for GlobalLogic in the first half of its fiscal year, April-September, 2008 included:
About GlobalLogic:
The leading specialist in providing global software product development services, GlobalLogic, Inc., partners with emerging and established technology companies to help them bring great software products to market in less time and at less cost. GlobalLogic has developed a unique joint-venture model of partnering with technology companies to create a dedicated global delivery center. The software R&D engineers located in our centers in the U.S., India, China and Ukraine serve as virtual extensions of our client's local development teams. In other cases where the client does not have any internal engineering staff, GlobalLogic provides a "fabless" partnership from the start, with GlobalLogic taking ownership of the product engineering, platform and architecture. This allows companies to focus on the other aspects of a successful product launch such as strategy, marketing, customer acquisition, go-to-market challenges and the demands of ever-changing markets. By leveraging our global facilities, world-class engineers and state-of-the-art tools and processes, companies can increase the quality of their software products while dramatically reducing timelines and operating costs - often by 30 percent or more
GlobalLogic has ongoing partnerships with more than 150 technology companies in product vertical markets that include Consumer, Mobile, Telecom, Healthcare, Enterprise and Embedded. It has completed more than 300 major products in the last 12 months with a better than 95 percent on-time delivery record. Over the last seven years, GlobalLogic has helped its clients release over 1,000 software products. Its clients include innovative technology companies such as Autodesk, Broadsoft, Electronic Arts, Intalio, Motorola, NextPoint, Vertica and Yahoo. GlobalLogic, an Inc. 500 company, has been ranked as one of the 10 best places to work in India by IDC, a Top 3 Technology Employer in Ukraine by Hewitt Associates, and was recognized by InfoWorld for distributed Agile software product development excellence. GlobalLogic is 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 thousands of professionals worldwide.