SOURCE: GlobalLogic Inc.

GlobalLogic Inc.

September 23, 2010 04:30 ET

GlobalLogic Ranks Top 30% on 2010 Inc. 5000

Achieves Three-Year Revenue Growth of 191%

MCLEAN, VA--(Marketwire - September 23, 2010) - GlobalLogic placed in the top third of Inc. magazine's fourth annual Inc. 5000, an exclusive ranking of the top 5,000 fastest-growing private companies in the U.S. This comprehensive list ranks companies by percentage revenue growth from 2006 to 2009. GlobalLogic achieved a three-year revenue growth of 191% and an 85% increase in employee headcount.

Despite the fact that this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50% from last year.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Bob LaPointe, President, Inc. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

"Outsourcing software R&D is becoming more mainstream as companies look to shorten time-to-market, improve quality and increase product innovation. GlobalLogic has grown its share of the global software R&D market even as this market itself grows rapidly," said Peter Harrison, CEO, GLobalLogic. "It's often difficult for a company with almost 4,000 employees to grow this quickly, and we are proud of our accomplishment. We are thrilled to be recognized in the top third of the Inc. 5000."

About Inc. Magazine
Inc. (www.inc.com) is the only major business magazine dedicated to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology.

About GlobalLogic
The leader in software R&D services, GlobalLogic (www.globallogic.com) partners with technology businesses to deliver quality products to market rapidly and cost-effectively. GlobalLogic's network of global innovation hubs connects over 3,000 of the most creative software minds in the US, India, Ukraine, China and Argentina through an award-winning Agile collaboration platform (GlobalLogic Velocity). GlobalLogic provides clients with a full range of R&D services in markets such as Digital Media, Electronics, Finance, Healthcare, Infrastructure, Retail and Telecom.