M&A Deal Summary

GlobalLogic Acquires Fortech

On November 21, 2022, GlobalLogic acquired information technology company Fortech

Acquisition Highlights
  • This is GlobalLogic’s 4th transaction in the Information Technology sector.
  • This is GlobalLogic’s 1st transaction in Romania.

M&A Deal Summary
Date 2022-11-21
Target Fortech
Sector Information Technology
Buyer(s) GlobalLogic
Deal Type Add-on Acquisition

Target

Fortech

Cluj-Napoca, Romania
Fortech is a software engineering services company that covers end-to-end software lifecycle development to deliver the innovation, scalability, quality, and speed needed by its clients. The company's technical expertise spans a variety of sectors, from automotive and financial to healthcare and more. Its approach to software engineering combines strong technology and process know-how, Agile delivery methods, and a blend of code quality practices and metrics refined throughout two decades of operation. Fortech was formed in 2003 and is based in Cluj-Napoca, Romania.

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Buyer(S) 1

Buyer

GlobalLogic

McLean, Virginia, United States
Category Company
Founded 2000
Sector Information Technology
Employees11,000
DESCRIPTION

GlobalLogic is a full-lifecycle product development services leader that combines chip-to-cloud software engineering expertise and vertical industry experience to help our customers design, build, and deliver their next generation products and digital experiences. We expertly integrate design, complex engineering, and agile delivery capabilities to deliver superior business outcomes for global brands. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending the benefits of our true global presence to customers in telecom, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. GlobalLogic was founded in 2000 and is based in McLean, Virginia.

DEAL STATS #
Overall 9 of 13
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 9 of 13
Country (Romania) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 ECS Group

Edinburgh, United Kingdom

ECS Group is an IT services provider focused on delivering a full range of services, from cyber-security to DevOps for enterprise clients. ECS Group was formed in 2008 and is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Hexacta

Montevideo, Uruguay

Hexacta is a Pan-Latin-America digital and data engineering company that delivers quality software development, IT consulting, UI/UX design, and data engineering and analytics services. Hexacta is based in Montevideo, Uruguay.

Buy -
Mergr

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