Financial Services Innovator Randolph Altschuler Joins GlobalLogic BoardVienna, VA - April 5, 2007 – GlobalLogic Inc., a leading provider of global product development services, announced the appointment of Randolph Altschuler today as a member of the privately held company's board. Listed by Institutional Investor as one of the top influencers in the financial services industry, Altschuler has also been named among the New York Ten award winners by the Executive Council of New York. Altschuler has nine years of increasing success in financial services. Specializing in private equity and investment banking, he has worked at The Blackstone Group as well as at Donaldson, Lufkin and Jenrette. He has also served as an assistant to the chief executive officer of Deutsche Bank North America, focusing on both strategic and management issues. Later Altschuler co-founded Office Tiger, a global leader in the market for industry-specialized business process outsourcing (BPO) solutions, now owned by RR Donnelley. A graduate of Princeton University and recognized for distinction in business administration from Harvard University, Altschuler was awarded a Fullbright Scholarship to study in Vienna, Austria. "We are gratified that Randolph has joined our board," said Peter Harrison, chief executive officer at GlobalLogic. "His record of innovation and operational success in financial services will help GlobalLogic expand its product development partnerships with technology companies that provide payment, fraud detection and support solutions." About GlobalLogicA leading global product development services company, GlobalLogic, Inc. (formerly Induslogic) partners with both emerging and established technology leaders to help 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. By leveraging GlobalLogic's global facilities and world-class engineers, companies can increase product quality while dramatically reducing timelines and operating costs, often by more than 60 percent. GlobalLogic is a pioneer in distributed Agile methods and open source platforms; its VelocityT metholdology shortens product development cycles while ensuring that the right features are implemented on time, every time. Today, GlobalLogic has ongoing partnerships with more than 100 technology companies in markets that include mobile, VoIP, On-Demand/SaaS, open source, QA, Web2.0/consumer internet, embedded, business development, payment and fraud detection. It has completed over 300 major product releases in the last twelve months with a better than 95% on-time delivery. Its partners include technology leaders such as AOL, Autodesk, Avolent, Electronic Arts, IBM, iFlex, NexTone, Sony Digital and Trimble. GlobalLogic, an Inc. 500 company, has been ranked as one of the 10 best places to work in India by IDC and was recently recognized by Deloitte and Touche as the fastest growing company in the mid-Atlantic region of the U.S.. Headquartered in the U.S., GlobalLogic has global delivery centers in the U.S., India and the Ukraine, employing more than 1.700 professionals worldwide. Media Contacts:Adfactors PR GlobalLogic |
