Milestone Marks GlobalLogic’s Continued Growth in Fast-growing Digital Transformation Design and Software Engineering Services Market
SAN JOSE, Calif.—September 10, 2019—GlobalLogic Inc., a leader in digital product engineering, today announced that it has acquired Skookum, a digital strategy, design and development firm headquartered in Charlotte, North Carolina. Skookum’s core offerings directly complement GlobalLogic’s existing portfolio of services, composed of complex software engineering, and strategic design capabilities used to drive cross-industry digital transformation. Further, the purchase strengthens GlobalLogic’s position in desirable technology hubs in the eastern and western U.S. geographies—improving proximity to clients and increasing access to local talent.
“The adoption rate of transformative digital solutions is only accelerating,” stated Nitesh Banga, COO, GlobalLogic. “Leveraging that momentum, we are keenly focused on continually expanding our transformative design and engineering services footprint in key regions. The acquisition of Skookum fits our strategy and ambitions perfectly. We are very excited by Skookum’s culture, value proposition, and the ability to partner closely with customers to deliver game-changing solutions.”
Skookum solves customer challenges through the use of innovative digital technology. The company launched in Charlotte, North Carolina in 2005, and expanded to a second location in Denver, Colorado. Its leadership successfully developed an open employee culture designed to inspire creativity and innovative thinking. As a result, Skookum’s strategists, designers, and engineers are known to deploy intelligent design-led solutions that enable business growth—whether mapping out inclusive end-to-end customer journeys, developing custom software applications, or bringing to life engaging user experiences.
“By pairing our creative strategy, design, and engineering methods with GlobalLogic’s deep relationships, wide reach, and strong engineering ethos, Skookum gains an incredible opportunity to reach a whole new customer set,” stated Joe Ryan, President, Skookum. “We’re proud of the open, experimental environment we’ve created that empowers our teams to develop powerful digital solutions for some of the country’s biggest brands. And, now we will be able to bring even greater value to the market through the integration of our capabilities with those of GlobalLogic’s.”
Terms of the transaction were not disclosed. Under the agreement, Skookum will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic.
PALAZZO served as the exclusive financial advisor to Skookum in this transaction.
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GlobalLogic is a leader in digital product engineering. We help our clients design and build innovative products, platforms, and digital experiences for the modern world. By integrating strategic design, complex engineering, and vertical industry expertise—we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the communications, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. www.globallogic.com
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GlobalLogic, Inc. (Global)