Induslogic Merges With Bonus Technology Under A New Name: GLOBALLOGIC
Leading Provider of Outsourced Product Development Expands to Ukraine to Meet Rising Demand for Globalized, Agile Software Development Teams.
Sep 28, 2006
September 25th, Induslogic, a leading global provider of outsourced product development services, announced it is merging with Bonus Technology, a New Jersey-based software engineering services company with significant operations in the Ukraine. To better symbolize its expanded worldwide presence resulting from this merger, Induslogic is changing the company’s name to GlobalLogic. Launching with a roster of more than 100 client/partners, GlobalLogic becomes the first truly global outsourced product developer, combining the power of Agile programming with the benefits of a distributed model.
"More and more, software companies need to globalize their research and development to benefit from the worldwide pool of talent," GlobalLogic CEO Peter Harrison said. "Creating their own captive subsidiary halfway around the world is increasingly risky, takes too long, and involves too many non-core activities. GlobalLogic provides a unique solution for independent software vendors—they get all the benefits of a captive engineering team with none of the risk."
"Bonus Tech’s success can be attributed to the rich infrastructure of engineering talent located in the Ukraine," said Nick Sage, CEO of Bonus Technology. "As GlobalLogic, our new company is poised to grow and prosper as we continue to bring some of the top engineering talent in the world to companies on a 24/7 schedule."
"Enterprise applications are the business engines of the 21st century and those companies able to bring better applications to market faster will be the winners," said Barry Rubenstein, Program Manager, Application Outsourcing and Offshore Services, IDC. "Offshore product development companies, including GlobalLogic, use a global pool of talent to bring discipline, quality, and speed to software product development processes, thus giving software vendors a key competitive edge in a rapidly evolving market."
During the year leading up to today’s merger, Induslogic completed more than 200 major product releases on behalf of 80 software companies. "We are seeing a surge in demand resulting from our new presence in Europe and our expanded expertise in telecommunications and open source software," Harrison said. At a celebration held in Kiev, he told the new employees, "Today we are joining together two teams of world-class software product development professionals. We are joining strength to strength and exponentially raising the industry’s standard of excellence. Our clients have a new reason to celebrate, and our competitors have a new reason to be concerned."
"We’re delighted with the news that Bonus Technology is joining forces with IndusLogic," said Doug Roberts, CEO of Avolent, the leading application software provider for interactive, self-service electronic billing and payment. "The breadth and depth of GlobalLogic is very impressive, and we’re looking forward to leveraging the company’s new capabilities."
GlobalLogic has developed a unique j
"More and more, software companies need to globalize their research and development to benefit from the worldwide pool of talent," GlobalLogic CEO Peter Harrison said. "Creating their own captive subsidiary halfway around the world is increasingly risky, takes too long, and involves too many non-core activities. GlobalLogic provides a unique solution for independent software vendors—they get all the benefits of a captive engineering team with none of the risk."
"Bonus Tech’s success can be attributed to the rich infrastructure of engineering talent located in the Ukraine," said Nick Sage, CEO of Bonus Technology. "As GlobalLogic, our new company is poised to grow and prosper as we continue to bring some of the top engineering talent in the world to companies on a 24/7 schedule."
"Enterprise applications are the business engines of the 21st century and those companies able to bring better applications to market faster will be the winners," said Barry Rubenstein, Program Manager, Application Outsourcing and Offshore Services, IDC. "Offshore product development companies, including GlobalLogic, use a global pool of talent to bring discipline, quality, and speed to software product development processes, thus giving software vendors a key competitive edge in a rapidly evolving market."
During the year leading up to today’s merger, Induslogic completed more than 200 major product releases on behalf of 80 software companies. "We are seeing a surge in demand resulting from our new presence in Europe and our expanded expertise in telecommunications and open source software," Harrison said. At a celebration held in Kiev, he told the new employees, "Today we are joining together two teams of world-class software product development professionals. We are joining strength to strength and exponentially raising the industry’s standard of excellence. Our clients have a new reason to celebrate, and our competitors have a new reason to be concerned."
Ukraine: A Deep Well of Talent
Bonus Technology operates a major software product development center in the Ukraine. Prior to the dissolution of the Soviet Union, the Ukraine was the computing center supporting the USSR’s massive military infrastructure. Now, with a deep pool of software engineering talent with expertise ranging from J2EE to .NET platforms, this region has become fertile ground for outsourced product development. Bonus Technology has particularly well-recognized competencies in telecommunications and open source. The company has built a team of more than 250 engineers; half have master’s degrees and more than 15 percent have doctorates. "This team has proven itself with blue chip technology leaders including Telcordia, Ipsos, and Bloomberg," declared Harrison."We’re delighted with the news that Bonus Technology is joining forces with IndusLogic," said Doug Roberts, CEO of Avolent, the leading application software provider for interactive, self-service electronic billing and payment. "The breadth and depth of GlobalLogic is very impressive, and we’re looking forward to leveraging the company’s new capabilities."
About GlobalLogic
A leading global product development services company formed in 2006 by the merger of Induslogic and Bonus Technology, GlobalLogic partners with emerging software leaders, helping them bring great products to market in less time and at lower cost.GlobalLogic has developed a unique j