GlobalLogic Acquisition & Valuation

GlobalLogic was acquired by Hitachi for $9.6B in March 2021, a 12.4x multiple on $771M of revenue.

GlobalLogic acquisition price

$9.6B

Acquired by Hitachi · Mar 2021

GlobalLogic revenue at acquisition

$771M

Last twelve months · Mar 2021

GlobalLogic revenue multiple at acquisition

12.4x

EV/Revenue · Mar 2021

GlobalLogic EBITDA multiple at acquisition

53.5x

EV/EBITDA · Mar 2021

GlobalLogic Overview

About GlobalLogic

GlobalLogic is a San Jose-headquartered product engineering services firm specializing in chip-to-cloud software development. It delivers digital products for telecommunications giants like Verizon, automotive suppliers such as Bosch, healthcare providers including Philips, and media companies like Disney. Founded in 2000, the company maintains design studios and engineering centers in Ukraine, India, Latin America, and Eastern Europe. Hitachi acquired GlobalLogic in 2021, enhancing its AI and IoT capabilities.


Founded

2000

HQ

United StatesSan Jose, CA

Status

Acquired

Customer focus

B2B

Revenue model

Services, Subscription

Revenue

$450M (Jan 2017)

Valuation

$1.5B (Jan 2017)

GlobalLogic Acquisition

GlobalLogic was acquired by Hitachi for $9.6B on 31 March 2021.

The acquisition price implies a 12.4x revenue and 53.5x EBITDA multiple on $771M of revenue.

Hitachi announced on 31 March 2021 that it would acquire GlobalLogic, the Silicon Valley-headquartered digital engineering services company, from Partners Group, Canada Pension Plan Investment Board and management. The parties agreed an equity value of USD 8.5 billion and an enterprise value of USD 9.5 billion, with a total acquisition cost including repayment of GlobalLogic's interest-bearing debt of USD 9.6 billion. Hitachi said the price represented about 37.4 times expected adjusted EBITDA for calendar 2021 and 29.4 times the 2022 estimate, and the deal completed in July 2021. The purchase was intended to strengthen Hitachi's Lumada digital solutions portfolio and to accelerate digital transformation across its IT, energy, industry, mobility and smart life sectors. The company was founded in 2000 and employed more than 20,000 professionals in 14 countries at the time, running design studios and software product engineering centres worldwide. It served more than 400 clients across communications, financial services, automotive, healthcare and life sciences, technology, media and manufacturing, and its revenues were expected to reach approximately USD 1.2 billion in fiscal 2021 with adjusted EBITDA margins above 20 per cent.

GlobalLogic acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
31 Mar 2021Strategic M&A$9.6B12.4x53.5x

Sources: globallogic.com

GlobalLogic Valuation

GlobalLogic is currently valued at $1.5B, based on its secondary sale in January 2017. Read the announcement ↗

The $720M round was led by CPP Investments.

GlobalLogic valuation by funding round

GlobalLogic valuation by funding round
DateStageValuationRevenue Multiple
Jan 2017Secondary$1.5B3.3x

GlobalLogic Revenue

GlobalLogic's latest recorded revenue is $450M, as of its secondary sale in January 2017. At a $1.5B valuation, that implies a 3.3x revenue multiple.

GlobalLogic revenue by funding round

GlobalLogic revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2017$450M$1.5B3.3xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

GlobalLogic Funding History

GlobalLogic has 1 recorded secondary share sale and no primary funding rounds.

GlobalLogic funding rounds

GlobalLogic funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2017SecondaryCPP Investments (lead)$720M$1.5BGlobalLogic is a digital product development services company based in San Jose, California, helping clients build digital products that improve customer engagement, user experience and service capabilities. It operates delivery centres in India, the United States, Eastern Europe and Argentina and employed more than 11,000 people at the time. Canada Pension Plan Investment Board agreed in January 2017 to acquire an approximate 48 per cent stake in GlobalLogic from funds advised by Apax Partners for USD 720 million, valuing the company at about USD 1.5 billion, and the sale closed in April 2017. The transaction followed Apax's 2013 acquisition of GlobalLogic for USD 420 million and delivered more than three times its money in four years. GlobalLogic had grown at a compound annual rate of over 20 per cent in the three years before the deal, outperforming the broader product engineering services market. It was forecast to post USD 450 million of revenue in fiscal 2017 at a 20 per cent operating margin. Apax retained a matching 48 per cent holding, which it sold to Partners Group the following year.

Who has invested in GlobalLogic?

1 investor has backed GlobalLogic across its funding rounds, including CPP Investments.

Lead investors include CPP Investments.


GlobalLogic Investors

Investors in GlobalLogic by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by GlobalLogic

GlobalLogic has acquired 11 companies to date.

Last acquisition by GlobalLogic was on September 23rd 2025. GlobalLogic acquired Synvert for undisclosed valuation.


Latest Acquisitions by GlobalLogic

Synvert
Mobiveil
Katzion
Sidero
Description
Synvert is an IT services firm delivering database management, data analytics, cloud migration, AI implementation, mobile app development, and process automation. The company supports enterprises with digital transformation projects from India-based operations. Synvert handles custom software solutions featured at synvert.com.
Milpitas-based Mobiveil is a semiconductor IP provider for high-speed interconnects in storage and networking. It supplies Serial Attached SCSI, Ethernet, and PCIe Gen5 cores, alongside custom hardware boards, to customers like Western Digital and NetApp. Established in 2004, the company operates development centers in Chennai and Bangalore, India, supporting 100G+ data rates in enterprise SSDs and AI servers.
Katzion is a Tel Aviv-based consultancy firm implementing CRM systems, marketing automation, and custom software applications. The team deploys Salesforce, HubSpot, and Marketo platforms for lead management and customer journeys tailored to tech startups and e-commerce brands in Israel and Europe. Services include data migration, workflow automation, and API integrations for scalable growth.
Sidero is a software engineering firm delivering custom development, cloud migrations, and DevOps for enterprise scalability. Services cover microservices architecture, Kubernetes orchestration, AWS/Azure deployments, and CI/CD automation using tools like Docker and Terraform. Clients in finance and e-commerce rely on its agile teams for infrastructure modernization. Headquartered in Cork, Ireland, Sidero maintains remote delivery centers across Europe to ensure high-availability systems.
HQ CountryGermanyUnited StatesIndiaIreland
HQ City
Hanover
San Jose, CA
Kochi
Athlone
Deal Date23 Sep 202519 Dec 202312 Dec 202310 Jul 2023
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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GlobalLogic Competitors

GlobalLogic competitors include listed companies like Figma, Nemetschek, Empyrean Technology and Elm, and private ones like Webflow and Lucid Software.

Public and private companies comparable to GlobalLogic
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FigmaUnited StatesUnited StatesPublicly listed$1.1B($1.3B)$10B5.9x
NemetschekGermanyGermanyPublicly listed$1.3B$417M$8.4B5.5x
Empyrean TechnologyChinaChinaPublicly listed$199M$23M$7.7B31.7x
ElmSaudi ArabiaSaudi ArabiaPublicly listed$2.5B$661M$12B4.2x
WebflowUnited StatesSan Francisco, CAPrivate$100M-$4B40.0x
Lucid SoftwareUnited StatesSalt Lake City, UTPrivate$200M-$3B15.0x

GlobalLogic Public Comps

GlobalLogic is no longer listed, but its public comps include Coforge, Figma, Unisplendour, Otsuka, Persistent Systems, CSG Digital Power Grid Research Institute, Nemetschek, EPAM Systms, Indra Sistemas and Empyrean Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Coforge$1.7B$288M5.9x4.5x35.4x22.4x
Figma$1.1B($1.3B)8.0x5.9x(6.6x)49.6x
Unisplendour$15B$652M1.0x0.8x22.6x19.1x
Otsuka$8.4B$629M0.9x0.8x11.7x11.2x
Persistent Systems$1.6B$301M6.6x5.7x34.6x30.3x
CSG Digital Power Grid Research Institute$1.1B$170M7.4x6.8x47.3x-
Nemetschek$1.3B$417M6.4x5.5x20.6x17.6x
EPAM Systms$5.5B$660M1.3x1.3x11.1x7.7x

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Common questions about GlobalLogic

When was GlobalLogic founded?GlobalLogic was founded in 2000.
Where is GlobalLogic headquartered?GlobalLogic is headquartered in San Jose, CA, United States.
Is GlobalLogic publicly listed?No, GlobalLogic was acquired by Hitachi in March 2021.
Who acquired GlobalLogic?GlobalLogic was acquired by Hitachi in March 2021.
How much was GlobalLogic acquired for?GlobalLogic was acquired for $9.6B in March 2021, a 12.4x revenue multiple.
What is GlobalLogic's valuation?GlobalLogic was last valued at $1.5B in its secondary sale in January 2017.
Who are GlobalLogic's investors?GlobalLogic's investors include CPP Investments.
What is GlobalLogic's revenue?GlobalLogic's latest recorded revenue is $450M (January 2017).
What is GlobalLogic's revenue multiple?GlobalLogic's latest valuation implies a 3.3x revenue multiple ($1.5B valuation on $450M of revenue).
Which companies are comparable to GlobalLogic?Companies comparable to GlobalLogic include Figma, Nemetschek, Empyrean Technology, Elm, Webflow and Lucid Software.
How many companies has GlobalLogic acquired?GlobalLogic has acquired 11 companies, including Synvert, Mobiveil, Katzion, Sidero and Hexacta.
What was the largest acquisition by GlobalLogic?The $248M acquisition of Fortech in November 2022 is the largest acquisition GlobalLogic has made to date.

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