GlobalLogic (formerly Induslogic) Tops Deloitte's Virginia Technology Fast 50 Ranking of Fastest Growing Technology Companies

Vienna, Virginia - September 25, 2006 – GlobalLogic (formerly Induslogic) a leading global provider of outsourced product development services announced its recognition by Deloitte Technology Fast 50.

Deloitte, one of the nation's leading professional services firms, presented the "Maryland & Virginia Technology Fast 50," an annual awards program that ranks technology companies located in Maryland and Virginia by revenue growth.

Winners were selected based on the percentage of growth in revenues for the past 5 years, must be public or private companies, headquartered in Maryland or Virginia.

"In an era where technology companies come and go, making the Deloitte Fast 50 is a testament to a company's vision that allows growth over a five-year period," said Gary Tabach, Managing Partner of the Media & Telecommunications Practice of Deloitte. "The Fast 50 winners have proven they have a winning strategy for growth and we at Deloitte salute their accomplishments."

About GlobalLogic

A leading global product development services company formed in 2006 by the merger of Induslogic and Bonus Technology, GlobalLogic partners with emerging software leaders, helping them bring great products to market in less time and at lower 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 increase 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 80 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, 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 1,300 professionals worldwide.