Brief

GlobalLogic on an expansion spree

Peter Harrison

On his recent visit to India, Peter Harrison, CEO and MD, GlobalLogic, laid down plans for the future. “The global Outsourced Product Development market is growing at a rate of 50% year on ear, and we intend to acquire at least 10% of this market,” he told Express Computer. At present GlobalLogic accounts for 2-3% of the OPD market. The company plans to acquire small and mid-sized firms as well as captive units in the country. “We are in active talks with almost 10 companies in India,” said Harrison. Besides this, it also proposes to double its workforce, and increase its presence in tier 1 and tier 2 cities. Harrison also said that the Indian OPD market is valued at $3 billion.

He however expressed his concerns for the slow growth of OPD in the software domain. “Compared to the hardware space, a very less amount is being outsourced in the software space. Out of the total $100 billion software industry, close to $3-4 billion is being outsourced,” said Harrison. Factors that account for this are the treatment of software as an art and not science, and the management of companies by technologists rather than business people.

Harrison said that GlobalLogic will focus on OPD. Globally, in the last ninety days the company has acquired 30 new customers and increased its headcount to about 2,000. The company has 10 customers in India including a travel Web site.

GlobalLogic has also started Project SETU, a program aimed at promoting industry-institution interaction. It has also signed MOUs with Shri Shivaji Science College, Nagpur, Shri Ramdeobaba Kamla Nehru Engineering College, Nagpur, and Rungta College, Bhilai for the same.

— Neeraj Gandhi