GlobalLogic Inc. - Experts & Thought Leaders

Hitachi Astemo, Ltd. (hereafter “Astemo”) and GlobalLogic Inc. (hereafter “GlobalLogic”) have been strengthening their collaboration to lead the trends of software-defined vehicles. Astemo President & CEO, Kohei Takeuchi and GlobalLogic CEO, Nitesh Banga discussed the future of mobility through digital transformation. As a global mega-supplier, Astemo has been providing tangible value in the In-Car domain as internal vehicle technology, such as software that enables advanced vehicle functions, including autonomous driving. Internal vehicle technology In addition, Astemo focuses on the Out-Car domain, which is technology outside of vehicles that expands functionality and improves performance through cloud and communications technology. To further strengthen support for the Out-Car field, Astemo Cypremos, Ltd. (hereafter “Cypremos”) was established on November 1. Astemo Group as a Tier 0.5 supplier will continue to develop technologies and provide value for the mobility of the future. Vehicle OEMs are rapidly transforming to become Tech companies and developing SDV architecture Vehicle OEMs are rapidly transforming to become Tech companies and developing SDV architecture to provide over-the-air updates and generate additional revenue streams through the lifecycle of the vehicles. GlobalLogic is enabling the mobility industry through this transformation by creating technology both in-vehicle and around-the-vehicle platforms that create revenue streams for the OEMs and the broader mobility ecosystem. Electric vehicle propulsion systems The company has formed various partnerships with major Automobile manufacturers, Parts suppliers, Hyperscalers, Semiconductor companies, Fleets, and Automotive retail. GlobalLogic is also focusing on the development of electric vehicle propulsion systems and is contributing to the realization of next-generation sustainable transportation and enhanced vehicle safety, comfort, and connectivity. The two CEOs, who discussed the future of mobility through digital transformation, made the following statements. Software and digital transformation Astemo, Takeuchi CEO: "Astemo has the VISION. We provide more than just safety and peace of mind. By removing barriers like time and space, we aim to empower people worldwide to enjoy greater freedom and quality of life.” “The keys to achieving this vision are software and digital transformation. Therefore, Astemo established Cypremos as a new company that provides software and cloud services aimed at expanding its support for SDV and realizing new mobility services. The new company will provide value by improving car intelligence and mobility evolution linked to the cloud. Astemo continues to accelerate the development of technologies for future mobility, working with various partners with excellent technologies such as GlobalLogic, to realize our VISION.” Engineering digital products GlobalLogic, Nitesh Banga CEO: "At GlobalLogic, our purpose is to create a positive impact for society and the planet by engineering digital products, platforms, and services that are designed for desirability, curated for intelligence, and built for excellence. In close collaboration with our clients across healthcare, energy, finance, mobility, and more, we drive business transformation through intelligent, sustainable solutions.” “We share in Astemo's VISION and together, will build a future where technology elevates daily life and promotes meaningful, sustainable change for the mobility industry and communities worldwide." Astemo will accelerate its efforts together with GlobalLogic and our other various partners to develop the mobility of the future for sustainable growth.

As a result of this merger, Fortech, a GlobalLogic company, will operate in Romania as GlobalLogic, and the brand integration will be completed in the following period. In accordance with the terms of the definitive agreement signed in November 2022, GlobalLogic will finalize the complete integration of Fortech into the GlobalLogic group of companies over the course of the next few months. “Over the past two decades, we have not only established a company but also forged a reliable alliance as a technology partner for both our customers and collaborators,” said Călin Văduva, former CEO Fortech and now Senior Vice President and GDU Head for the new Group Delivery Unit at GlobalLogic’s team in Romania. Comprehensive range of services “With confidence in our expansion and a shared dedication to customer success, we aim to lay a robust foundation for our clients to construct their digital future. Our commitment is to consistently provide them access to a comprehensive range of services, facilitating a swift transition into the digital businesses of tomorrow with GlobalLogic’s profound expertise in global markets. While we cannot predict the future, we approach the next chapter with enthusiasm, embracing the opportunities that lie ahead for our customers, technology, colleagues, and partners.” This acquisition further strengthens the GlobalLogic presence in Europe This acquisition further strengthens the GlobalLogic presence in Europe, positioning the company as a high-performance tech pioneer in the Romanian tech market with more than 1200 team members (77% Mid, Senior & Expert roles) and operations in 5 locations in Romania (Cluj-Napoca, Oradea, Brasov, Iasi, and Bucharest). Industry-focused solutions From last year’s completed transaction to date, the end-to-end software services and experienced engineers of Fortech have been and continue to enhance GlobalLogic’s technical abilities. Additionally, GlobalLogic Romania SRL complements GlobalLogic’s industry-focused solutions, which include frameworks supporting the automotive, healthcare, industrial manufacturing, media & communications, and financial software sectors. “Today’s announcement marks the successful integration of Fortech, a GlobalLogic company, with GlobalLogic in Romania. It significantly accelerates our strategy designed to establish a wider European footprint while allowing us to better serve our customers worldwide from a delivery perspective. We are very excited to mark this important milestone in our joint journey, and considering that Fortech has already positioned itself for the last two decades as a reliable tech partner for companies across Europe and the US, we are looking forward to exploring together the opportunities we see ahead,” said Igor Byeda, Group Vice President and Head of Europe, GlobalLogic. Seamless brand integration The Delivery organization in Romania will be formalized further under a Group Delivery Unit structure With the formal establishment of GlobalLogic Romania SRL, they embark on a journey of seamless brand integration, marking the beginning of a new era for their combined entities. Following a period of strategic realignment and merging departments, roles, and reporting structures, in connection with the closing of the transaction, the Delivery organization in Romania will be formalized further under a Group Delivery Unit structure led by Călin Văduva, former CEO of Fortech, a GlobalLogic company, in the capacity of the Group Delivery Unit (GDU) Head in GlobalLogic.  This formation will be the 4th Group Delivery Unit in the EMEA Region, and it’s expected to broaden organization development, setting the proper stage for Romania to become an important growth vector for GlobalLogic in the EMEA Region. The new entity will operate efficiently, effectively, and in alignment with GlobalLogic’s strategic goals and objectives under a new legal name: GlobalLogic Romania SRL. Important growth vector On November 21st, 2022, GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, announced that it had signed a definitive agreement to acquire Fortech. On February 7th, 2023, GlobalLogic announced that it had completed the acquisition of Fortech. On January 1st, 2024, the legal merger of Fortech was completed. Starting February 1st, 2024, Fortech, a GlobalLogic company, will fully switch to the GlobalLogic brand and will operate in Romania as GlobalLogic.

GlobalLogic Inc., a Hitachi Group company, announced the appointment of Srinivas (Srini) Shankar as its Chief Business Officer (CBO) and Head of Global Industries. With over two decades of professional experience, Srini brings a wealth of expertise in driving revenue growth and enhancing client satisfaction. Businesses across industries are investing in the development of digital products, platforms, and experiences with the aim of evolving customer engagement and forging novel business models to help achieve their sustainable growth objectives. This appointment underscores GlobalLogic's commitment to strengthening its leadership team, and their focus on customer success. Exceptional growth journey Srini’s arrival marks an important milestone in GlobalLogic’s exceptional growth journey. Apart from expanding capabilities, Srini will focus on accelerating GlobalLogic’s go-to-market engine, spanning sales, marketing, and industry business units. Srini’s arrival marks an important milestone in GlobalLogic’s exceptional growth journey “As GlobalLogic continues its purposeful growth journey, bolstering our presence and enriching our services portfolio, we sought a strong leader with proven industry expertise and go-to-market experience for the next chapter of our growth,” said Nitesh Banga, CEO of GlobalLogic. “I’m thrilled to welcome Srini to our leadership team and look forward to him playing a key role in powering our growth engine and building on our strong customer relationships” Next-generation growth strategy "GlobalLogic has a stellar reputation as a leader in design-led digital engineering with deep software capabilities across a wide range of products and industries,” said Srini Shankar, CBO GlobalLogic. “While we continue to play a critical role helping clients evolve into becoming digital and intelligent enterprises, I am very excited to be joining the team as we define and execute the next-generation growth strategy for the company.” With deep services industry experience, Srini’s expertise is a perfect compliment to GlobalLogic’s business. He previously served as the Chief Commercial Officer (CCO) of Americas & Global Head of the Life Sciences business, where he played a pivotal role in expanding the company's market presence and driving revenue. As CCO-Americas, Srini oversaw new client acquisition efforts across various industry verticals and service lines within Cognizant's Digital Business & Technology services. Prior to Cognizant, Srini served various leadership roles at Infosys.