Tuesday, 8 October 2013
Deal Alert: Apax buys out outsourced product development firm GlobalLogic for $420-M
Posted on 21:36 by Unknown
Apax Partners has acquired US- and India-based, VC-backed outsourced product development firm GlobalLogic for $420 million (Rs 2,578 crore). Founded in 2001 as IndusLogic, GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay, has development centres in India, Ukraine and Argentina.
It reported around $250 million is sales. The valuation is reportedly more than
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