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GlobalLogic Raises $1.6M

2011-07-27
Software R&D services provider GlobalLogic has raised $1.62 million from a $3.5 million equity offering.
MCLEAN, VA, Software R&D services provider GlobalLogic has raised $1.62 million from a $3.5 million equity offering, taking in the amount from five investors, according to SEC filings.

GlobalLogic's mission is to partner with software-enabled businesses through tailor-made engagement models to deliver quality products to market rapidly and cost-effectively. The leader in software R&D services, GlobalLogic has created a network of global innovation hubs throughout the US, India, Ukraine, China and Argentina that connects clients with over 5,500 of the brightest and most innovative software minds through an award-winning platform (GlobalLogic Velocity) for distributed Agile R&D.

GlobalLogic leverages its proven tools and processes, as well as a decade of experience building thousands of market-leading products, to provide clients with a full range of lifecycle services, including advisory, ideation, customer research, engineering, QA/IVT, maintenance & support, and product line management. The company has ongoing partnerships with more than 150 clients in markets such as Digital Media, Electronics, Finance, Healthcare, Infrastructure Software, Retail and Telecom.

GlobalLogic has been ranked an Inc. 500 company and has been recognized as a top global employer since 2005. GlobalLogic is headquartered in McLean, Virginia and is backed by Sequoia Capital, New Enterprise Associates, Goldman Sachs and Draper/New Atlantic Ventures.
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