Mergers and Acquisitions, Mergers and Acquisitions

Software Engineering M&A: Hitachi Unit GlobalLogic Acquires Fortech

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GlobalLogic, a Hitachi Group company, has acquired Fortech, a software engineering services company based in Romania. Financial terms of the deal were not disclosed.

This is technology M&A deal number 995 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Hitachi Unit GlobalLogic Acquires Fortech

GlobalLogic, founded in YEAR, is based in San Jose, California. The company has 20,408 employees listed on LinkedIn. GlobalLogic’s areas of expertise include full-lifecycle product development services, user experience design, product design, content engineering, product research & ideation, sustainable engineering, product engineering, product testing & quality assurance and product replatforming.

Fortech, founded in 2003, is based in Cluj-Napoca, Romania. The company has 1,100 employees listed on LinkedIn. Fortech’s areas of expertise include digital engineering services, architecture design, software development, DevOps, quality assurance and data analytics. Fortech's domain expertise includes automotive, banking/finance, healthcare, manufacturing, professional services and technology/media/telecom.

GlobalLogic’s investment in Fortech is part of a multi-year strategy designed to establish a wider European footprint and improve worldwide services delivery capabilities, the companies said. Fortech will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic.

GlobalLogic and Fortech: Executive Perspectives

Nitesh Banga, president and CEO, GlobalLogic
Nitesh Banga, president and CEO, GlobalLogic

Calin Vaduva, co-founder and CEO, Fortech

Nitesh Banga, president and CEO, GlobalLogic, commented on the news:

“Fortech is a leading firm with proven track record and specialization in technology that is needed for digital evolution. This acquisition will further enhance GlobalLogic’s presence in Europe, and accelerate our access to the rich technical talent in Romania; it will arm Fortech with the resources and strong backing of GlobalLogic and Hitachi. We are excited to welcome Fortech and their talented people to the GlobalLogic family.”

Calin Vaduva, CEO, Fortech, added:

“We’re proud of our legacy, which is based on helping companies realize the power of transformative digital solutions. Joining forces with GlobalLogic, backed by Hitachi, takes our reach to a whole new level. Additionally, finding a partner that shares our cultural values with a strong emphasis on people, customers, and societal benefit is extremely gratifying.”

Hitachi and GlobalLogic

Hitachi has owned GlobalLogic since 2021 after buying it from private equity firm Partners Group for $9.6 billion. In September 2022, Hitachi reorganized its cybersecurity and MSSP businesses to bolster its managed security services for global markets.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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