Deals

GlobalLogic raises $29.5M for offshore software development

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.