GlobalLogic raises $29.5M for offshore software development

February 8, 2008 | Anthony Ha

GlobalLogic, a Vienna, Va. company that specializes in offshore software development, has raised $29.5 million in a third round of funding.

The round was led by existing investor Sequoia Capital India, with participation from GlobalLogic’s other investors New Atlantic Ventures (formerly Draper Atlantic) and New Enterprise Associates.

The funding news followed the announcement that GlobalLogic has acquired Validio Software, a Bellevue, Wash.-based company with a 320-person design center in Kharkov, Ukraine. GlobalLogic says the acquisition makes it one of the largest technology employers in Ukraine.

GlobalLogic has 2,500 engineers in the United States, India, China and Ukraine. The company says that over the past six years, it has helped clients release more than 800 software products.

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About the Author, Anthony Ha

Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.