SOURCE: GlobalLogic

May 14, 2008 10:56 ET

GlobalLogic Provides Software Product Development and Advisory Services to Winning Entrepreneurs at TiEcon 2008

Conference Winners Will Receive Selection of GlobalLogic's Version 1.0 Offering

VIENNA, VA--(Marketwire - May 14, 2008) - GlobalLogic, Inc., the leader in global product development services and a gold sponsor of the TiEcon 2008 conference, will offer its Version 1.0(SM) software development and advisory services as a prize to winners of the E-Bazaar contest at TiEcon 2008. GlobalLogic's Version 1.0 (http://www.globallogic.com/indus_diff/ver_overview.shtml) service helps early stage entrepreneurs and established businesses turn great ideas into marketable software products. Version 1.0 services include research and development, a dedicated executive advisor and access to a network of investors and technology ecosystem companies.

"A lot of innovative product ideas never make it from the back of the napkin to the marketplace. Version 1.0 helps entrepreneurs overcome some of the initial obstacles to getting off the ground, such as hiring the right engineering team and getting in front of potential investors," said Sachin Saxena, vice president of new venture services at GlobalLogic.

Workstreamr, a work project and professional networking interface now in beta, has accelerated its release schedule dramatically with GlobalLogic Version 1.0. "GlobalLogic has been an invaluable partner. The progress we are making is extraordinary. When my team showed me the first working demo on the first day of our meetings, it took my breath away," said Stowe Boyd, co-founder and president of Workstreamr.

Silicon Valley-based TiEcon (http://www.tiecon.org) is the premier annual event hosted by The Indus Entrepreneurs (TiE), a non-profit global network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. At the event, technology entrepreneurs who attend the E-Bazaar discuss their business plans with venture capitalists and other service providers. The top three business plans will be awarded a selection of Version 1.0 services that will be announced at the conference. TiEcon 2008 will take place May 16 and 17 at the Santa Clara Convention Center in Santa Clara, Calif.

"GlobalLogic's Version 1.0 service aligns directly with TiEcon's goals of providing a supportive ecosystem for entrepreneurs," said Manish Chandra, co-convener of TiEcon 2008 and chief executive officer of Kaboodle. "The conference provides a valuable educational and networking forum for start-ups, and GlobalLogic's Version 1.0 builds on the opportunities available at TiEcon with its product conceptualization, executive coaching and referrals to venture capitalists."

GlobalLogic focuses on software product R&D for technology companies, not IT services. It employs thousands of software engineers in the U.S., India, China and Eastern Europe to help its clients deliver quality software products to market faster than they could on their own. GlobalLogic services include product testing and quality assurance, product analysis, conceptualization and realization, migration and porting, and product maintenance and support.

About The Indus Entrepreneurs (TiE)

TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Since its founding in 1992, TiE has grown to become the world's largest organization for entrepreneurs and professionals, with membership spread across 48 chapters in 11 countries. Membership includes over 1,600 experienced entrepreneurs and business executives as charter members, and over 10,000 aspiring entrepreneurs and professionals as members. Top venture capital firms, Fortune 500 corporations, and professional service providers are among TiE sponsors.

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 150 technology companies in markets that include consumer internet, SaaS, VoIP, wireless, telecom, security, payment, business intelligence, embedded and finance. It has completed more than 300 major products in the last 12 months with a better than 95 percent on-time delivery record. Over the last seven years, GlobalLogic has helped its clients release over 1,000 software products. Its clients include innovative technology companies such as Autodesk, BroadSoft, Electronic Arts, GridApp Systems, Intalio, MobiTV, Mobikon, Motorola, NexTone, Qualcomm, Vertica, Yahoo and Sony Digital. GlobalLogic, an Inc. 500 company, has been ranked as one of the 10 best places to work in India by IDC and was recognized by InfoWorld for Agile software product development excellence. GlobalLogic is headquartered in Vienna, Virginia and has European headquarters in London, U.K. The company has global delivery centers throughout the U.S., India, Ukraine and China and employs thousands of professionals worldwide.