GlobalLogic (formerly Induslogic) opens new facility in NOIDA

On a recruitment overdrive

Noida, India - December 4, 2006 – GlobalLogic, a leading global provider of outsourced product development services, has announced the opening of its third facility in NOIDA. The company has also stepped up its recruitment efforts and is looking at ramping the headcount to 3000 engineers in two years time.

The new facility has the capacity to house 550 professionals. This is the third facility of GlobalLogic in Noida. The development center has a separate zone for sports and recreational facilities. This expansion comes close at the heels of company's merger with a Ukraine based company called Bonus Technology.

Mukul Jain, COO, GlobalLogic was very upbeat on the occasion. He said, "Clients in the US are increasingly seeing more value in our work, and are willing to move more software product development projects offshore. The business pipeline is very healthy and we will continue to expand".

He further added, "GlobalLogic has provided a challenging work opportunity to talent. We will continue to focus on recruiting engineering talent of the region."

Including the facility in Nagpur, GlobalLogic will now have a total of 4 development facilities in India with the addition of this facility.

About GlobalLogic

A leading global product development services company GlobalLogic Inc. (formerly Induslogic) partners with many emerging software leaders, helping them bring great products to market in less time and at less cost.

GlobalLogic has developed a unique joint-venture model of partnering with companies to create a dedicated global delivery center. By leveraging GlobalLogic's global facilities and world-class engineers, software companies can increases quality while dramatically reducing timelines and operating costs, often by more than 60 percent. GlobalLogic is also a pioneer in distributed Agile methods and open source platforms that shorten product development cycles while ensuring that the right features are implemented on time, every time.

Today, GlobalLogic has active partnerships with more than 90 software product companies in a wide range of markets, including VoIP, wireless, security, payment, and finance. Its partners include industry leaders such as AOL, Autodesk, Avolent, Electronic Arts, IBM, iFlex, NexTone, Sony Digital and Trimble.

GlobalLogic is headquartered in the U.S., with global delivery centers in the U.S., India, and the Ukraine; the company employs more than 1,600 professionals worldwide.