SOURCE: GlobalLogic Inc.

GlobalLogic Inc.

September 16, 2009 06:25 ET

GlobalLogic Ranks High Among Top 15 Global R&D Service Providers

Receives the Highest Ratings in Healthcare and Software Vertical Specific Ranking

VIENNA, VA--(Marketwire - September 16, 2009) - GlobalLogic Inc., the leader in global product development, today announced that it has been ranked among the top fifteen best global R&D Service providers in India, China and Eastern Europe by Zinnov Management Consulting Pvt. Ltd, in a first-of-its-kind study ever conducted in the industry on top global R&D service providers across geographies like India, China and Eastern Europe. GlobalLogic is ranked 9th in this first of its kind ratings for Top Global R&D Service Providers Rating among leading R&D service providers including Wipro, TCS, HCL, Symphony, Mindtree, Aspire etc. Additionally, GlobalLogic ranked 4th and received the highest ratings in the Healthcare and Software Vertical specific rankings.

Peter Harrison, Chief Executive Officer, GlobalLogic Inc., said, "This recognition by Zinnov Management Consulting further validates our leadership in a market we helped define and our decision to focus on software R&D services almost a decade ago. Being featured among the leaders is a testament to our world-class work force and to the quality of our clients that look to us as a trusted partner capable of maximizing R&D, accelerating innovative products to market, and improving overall productivity and effectiveness across the product development lifecycle."

The survey for "Top Global R&D Service Providers" included 50 IT companies, across India, China and Eastern Europe. Companies were judged on an exhaustive list of parameters under two broad categories of Financial Strength and Capabilities and both the categories had further sub-categories. "R&D revenue" and "R&D capabilities" emerged as the largest drivers of defining a global R&D service provider.

According to Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. Ltd, "Global R&D Service Providers' Rating" is first-of-its-kind rating to be conducted in the industry. This study was undertaken to help global business leaders identify the right R&D services partners who could help them build innovative products, accelerate product development lifecycle, access growth markets and improve customer experience. GlobalLogic is an organization that is highly focused on innovation, product development and has been rated high among the top 15 global R&D service providers with leadership in software and healthcare verticals."

About Zinnov Management Consulting Pvt. Ltd:

Founded in 2002, Zinnov -- meaning Zeal in Innovation -- is a leading management consulting company providing services in the area of Offshore Advisory, Market Expansion and Human Capital Optimization to Fortune 1000 companies. Zinnov works collectively with clients to tackle prevailing organizational challenges by analyzing the changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions that help in integrating organizational vision, business definition and processes.

About GlobalLogic:

The leading specialist in global software product development services, 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 in the US, India, China, Ukraine and Israel to serve as a virtual extension of a client's local development team. In other cases where the client does not have any internal engineering staff, GlobalLogic provides a "fabless" partnership from the start, with GlobalLogic taking ownership of the product engineering, platform and architecture. This approach allows companies to focus on the other aspects of a successful product launch, such as strategy, marketing, customer acquisition, go-to-market challenges and the demands of ever-changing markets. By leveraging GlobalLogic's global facilities, world-class engineers and state-of-the-art tools and processes, companies can increase the quality of their software products while dramatically reducing timelines and operating costs -- often by 30 percent or more.

GlobalLogic has ongoing partnerships with more than 150 technology companies in product vertical markets that include Consumer, Mobile, Telecom, Healthcare, Enterprise and Embedded. Over the last eight years, GlobalLogic has helped its clients release over 1,000 software products, including more than 300 major products in the last twelve months with a better than 95 percent on-time delivery record. Its clients include innovative technology companies such as Autodesk, Broadsoft, Electronic Arts, Intalio, Motorola, NextPoint, Vertica and Yahoo!. GlobalLogic, an Inc. 500 company, has been ranked as a top employer in India and Ukraine by IDC and Hewitt Associates respectively. GlobalLogic is headquartered in Vienna, Virginia and has European headquarters in London, UK. With global delivery centers throughout the US, India, Ukraine China, and Israel, GlobalLogic employs thousands of professionals worldwide.