GlobalLogic to get listed in 18 months

NEW DELHI: GlobalLogic, a software product development services provider today said it is likely to list the firm on the bourses in the next
18 months.

"We may go public in the next 18 months," Global Logic President Shashank Samant said.

However, he said the firm is not looking at listing for raising fund. "Funding is not an issue for us... We are seeing positive growth and have enough cash on our balance sheets."

The firm, which has a considerable presence in India is likely to be listed on the New York Stock Exchange.

Out of 3,000 employees globally, the company has close to 1,600-1,700 people on its rolls in India.

The firm, which has development centres in India, the US, China and Ukraine expects 20 per cent of its growth will be through acquisitions.

"We are looking at strategic acquisitions in niche segments," he added.

The firm had also hired Paul Baker, a seasoned technology industry dealmaker, as senior Vice-President of corporate development to lead its M&A strategy.

GlobalLogic is headquartered in Vienna, Virginia (US) and is backed by Sequoia Capital and New Enterprise Associates.  Read More.