SOURCE: GlobalLogic, Inc.

November 19, 2007 09:00 ET

GlobalLogic Appoints Financial Veteran CFO

M&A and Public Markets Experienced Financial Executive Joins Global Product Development Leader

VIENNA, VA--(Marketwire - November 19, 2007) - GlobalLogic, Inc., the leader in global product development with more than 140 technology partnerships, today announced the appointment of C. Wayne Grubbs as chief financial officer, effective immediately. Grubbs has nearly twenty years of finance experience, which includes management of acquisitions and public offerings. He will report directly to Peter Harrison, GlobalLogic's chief executive officer.

"Strategic mergers and acquisitions will play an increasingly important role in GlobalLogic's growth. Wayne's extensive experience in high-growth technology-enabled services firms, along with experience in acquisitions and public markets, will be a major asset as GlobalLogic continues its rapid growth," said Peter Harrison, CEO of GlobalLogic. "We are pleased to have a seasoned financial leader like Wayne on our team."

Prior to joining GlobalLogic, Grubbs served as senior vice president, chief financial officer and treasurer of Analex Corp, now part of QinetiQ. At Analex Corp., Grubbs led the company's merger and acquisition strategy and oversaw investor relations, finance and accounting, and regulatory compliance. Previously, he was vice president, corporate controller, treasurer and assistant corporate secretary with SRA International, Inc. At SRA, Grubbs' financial team led the company's initial and follow-on public offerings and helped support revenue growth from $200 million to an annual run rate of nearly $1 billion. Before SRA, Grubbs was a manager in business risk consulting and assurance at Arthur Andersen LLP, where he managed audits of major government contractors. He received a bachelor of science from the University of Virginia and is a licensed CPA.

Wayne Grubbs, CFO of GlobalLogic, added, "Software product companies are increasingly turning to global product development firms for high quality R&D. GlobalLogic, with its world-class engineers, is poised to become the leader in this rapidly growing market segment. I look forward to helping the company capitalize on the partnerships it continues to form with both emerging and established technology leaders."

About GlobalLogic

The leader in global product development, GlobalLogic, Inc. partners with emerging and established technology companies to help them bring great software products to market in less time and at less cost. GlobalLogic has developed a unique joint-venture model of partnering with technology companies to create a dedicated global delivery center. By leveraging GlobalLogic's global facilities and world-class engineers, companies can increase quality while dramatically reducing timelines and operating costs, often by more than 60 percent. Through the GlobalLogic Velocity™ method and platform, the company 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.

GlobalLogic has ongoing partnerships with more than 140 technology firms in markets that include consumer internet, SaaS, VoIP, wireless, telecom, security, payment, business intelligence, embedded and finance. It has completed more than 300 major product releases in the last 12 months with a better than 95 per cent on-time delivery record. Over the last five years, GlobalLogic has helped its clients release over 800 software products. Its clients include innovative technology companies such as Autodesk, Avolent, BroadSoft, Danger, Electronic Arts, GridApp Systems, MobiTV, Motorola, Vertica, NexTone and Sony Digital. GlobalLogic is an Inc. 500 company, has been ranked as one of the 10 best places to work in India by IDC, and was recently recognized by Deloitte & Touche as the fastest-growing company in the U.S. mid-Atlantic region. GlobalLogic is headquartered in Vienna, Virginia, while its European headquarters are in London, U.K. The company has global delivery centers throughout the U.S., India, Ukraine and China and employs more than 2,200 professionals worldwide.

Contact Information

  • Media Contact:
    Judy Wilks
    Atomic PR for GlobalLogic
    415.402.0230
    judy (at) atomicpr.com