GlobalLogic, a San Jose, CA-based Hitachi Group and Digital Engineering company, acquired Fortech, a Cluj-Napoca, Romania-based software engineering services company.
Terms of the transaction were not disclosed. Under the agreement, Fortech will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic. The transaction is subject to customary regulatory approval and is expected to close by the end of Calendar Q4, 2022.
This acquisition will further enable GlobalLogic to augment Hitachi’s strengths in Information Technology (IT), Operating Technology (OT), and Products, and accelerate its growth helping expand the Lumada business.
Led by CEO Calin Vaduva, Fortech is a software services company with a workforce of 1,100+ people. Founded in 2003, the company delivers full-spectrum digital engineering services including Architecture Design, Software Development, DevOps, Quality Assurance, and Data Analytics. It has architected, built, and maintained products for clients across numerous industries with a focused specialization in Cloud, IOT, and SaaS. Fortech holds deep domain experience in six key high growth verticals: Automotive, Banking/Finance, Healthcare, Manufacturing, Professional Services, and Technology/Media/Telecom. It also holds engineering hubs in Oradea, Iasi, and Brasov.
Led by CEO Nitesh Banga, GlobalLogic is a digital engineering company that helps brands across the globe design and build products, platforms, and digital experiences for the modern world. By integrating experience design, engineering, and data expertise, GlobalLogic operates design studios and engineering centers around the world, extending its expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries.
FinSMEs
21/11/2022