GlobalLogic

GlobalLogic, Jungo, and OpenSynergy Release an Integrated Virtual Driver Monitoring System (DMS)

Retrieved on: 
Tuesday, November 2, 2021

GlobalLogic Inc. , Jungo and OpenSynergy announced today the product of a partnership agreement to co-develop an automotive virtual driver monitoring system (DMS) solution that delivers advanced security, convergence and ease of implementation.

Key Points: 
  • GlobalLogic Inc. , Jungo and OpenSynergy announced today the product of a partnership agreement to co-develop an automotive virtual driver monitoring system (DMS) solution that delivers advanced security, convergence and ease of implementation.
  • The system analyses the position of the drivers head and eyes, using the collected data to determine which specific actions to take.
  • CoDriver , Jungos driver and occupant monitoring AI software, enables OEMs to comply with upcoming regulations regarding driver distraction, drowsiness and unattended childrenmaximizing in-cabin camera investments.
  • Jungo is a global leader of in-cabin sensing AI software, offering CoDriver, an advanced driver monitoring and in-cabin monitoring software.

Rackspace Technology Appoints Shashank Samant to Board of Directors

Retrieved on: 
Tuesday, October 19, 2021

SAN ANTONIO, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Shashank Samant to its board of directors, effective as of October 18, 2021.

Key Points: 
  • SAN ANTONIO, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Shashank Samant to its board of directors, effective as of October 18, 2021.
  • "Shashank has extensive global technology services industry experience and brings a passion for technology and innovation to Rackspace Technology, said Kevin Jones, Director and CEO, Rackspace Technology.We are truly fortunate to have him join the board, and I am looking forward to working with him.
  • Samant has over 30 years of technology, product development and services experience, and currently serves as President and Chief Executive Officer of GlobalLogic Inc., a Hitachi Group Company.
  • Rackspace Technology is a leading end-to-end multicloud technology services company.

Inspira Technologies Selects GlobalLogic for Software Development of its Early Extracorporeal Respiratory Support System that Functions as an "Artificial Lung"

Retrieved on: 
Wednesday, October 13, 2021

Inspira Technologies created the ART, a novel low-flow early extracorporeal approach to address the significant patient population whose condition continues to deteriorate following noninvasive ventilation.

Key Points: 
  • Inspira Technologies created the ART, a novel low-flow early extracorporeal approach to address the significant patient population whose condition continues to deteriorate following noninvasive ventilation.
  • GlobalLogic will support Inspira in the development of the ART control platforms algorithms responsible for monitoring and managing the early rebalancing of the patients oxygen saturation levels.
  • Inspira Technologies notes that the ART could potentially minimize the need for mechanical ventilators for hypoxemic patients, such as COVID patients.
  • Inspira is developing the ART device, a cost effective early extracorporeal respiratory support system with an intent to function as an Artificial Lung for deteriorating respiratory patients.

With Market Size Valued at $2 Trillion by 2026, it`s a Healthy Outlook for the Global Engineering Services Outsourcing Market

Retrieved on: 
Tuesday, October 5, 2021

SAN FRANCISCO, Oct. 5, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Engineering Services Outsourcing - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 5, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Engineering Services Outsourcing - Global Market Trajectory & Analytics" .
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • This segment currently accounts for a 23.9% share of the global Engineering Services Outsourcing market.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

GlobalLogic Launches Collaborative Hub Based In Lumada Innovation Hub Tokyo

Retrieved on: 
Tuesday, September 28, 2021

Based in the Lumada Innovation Hub Tokyo(2), a co-creation base for Hitachi, this collaboration hub combines capabilities of GlobalLogic and Lumada.

Key Points: 
  • Based in the Lumada Innovation Hub Tokyo(2), a co-creation base for Hitachi, this collaboration hub combines capabilities of GlobalLogic and Lumada.
  • Lumada Innovation Hub Tokyo and GlobalLogic's design studios and engineering centers around the globe are connected online, and workshops are being conducted for collaborative projects, leveraging GlobalLogic's extensive DX implementation experience, experience design, and capabilities in Chip-to-Cloud software engineering.
  • Design thinkers(3) from Lumada Innovation Hub Tokyo, with expertise in the industries and businesses of the Japanese market, will work with Hitachi business stakeholders and GlobalLogic's designers and solution architects to identify transformational goals.
  • Lumada Innovation Hub Tokyo is a place where knowledge and ideas are crossed to stimulate innovation.

GlobalLogic Launches Collaborative Hub Based in Lumada Innovation Hub Tokyo

Retrieved on: 
Tuesday, September 28, 2021

Based in the Lumada Innovation Hub Tokyo*2, a co-creation base for Hitachi, this collaboration hub combines capabilities of GlobalLogic and Lumada.

Key Points: 
  • Based in the Lumada Innovation Hub Tokyo*2, a co-creation base for Hitachi, this collaboration hub combines capabilities of GlobalLogic and Lumada.
  • View the full release here: https://www.businesswire.com/news/home/20210927005848/en/
    A workshop connecting Lumada Innovation Hub Tokyo and GlobalLogic's Design and Engineering Centers.
  • Lumada Innovation Hub Tokyo and GlobalLogic's design studios and engineering centers around the globe are connected online, and workshops are being conducted for collaborative projects, leveraging GlobalLogic's extensive DX implementation experience, experience design, and capabilities in Chip-to-Cloud software engineering.
  • Lumada Innovation Hub Tokyo is a place where knowledge and ideas are crossed to stimulate innovation.

EQS-News: Partners Group closes its fourth private equity buyout program with total commitments of USD 15 billion

Retrieved on: 
Tuesday, September 21, 2021

Existing investors anchor the flagship fund, accounting for commitments that exceed the total size of its predecessor fund

Key Points: 
  • Existing investors anchor the flagship fund, accounting for commitments that exceed the total size of its predecessor fund
    Partners Group, a leading global private markets firm, has received total client commitments of USD 15 billion for its fourth private equity buyout program.
  • The program is anchored by Partners Group's fourth flagship direct equity fund, which raised USD 6 billion, and includes an additional USD 9 billion committed via other private markets programs and bespoke client solutions that will invest alongside the fund.
  • Existing investors anchor the flagship fund, accounting for commitments that exceed the total size of its predecessor fund.
  • Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally.

Digital Engineering Services Companies, a surefire weapon in the PE Investment Arsenal, says Zinnov

Retrieved on: 
Wednesday, September 15, 2021

The global Private Equity (PE) landscape, Zinnov stated, has had an increasing focus on Digital Engineering and its evolution over the last six years.

Key Points: 
  • The global Private Equity (PE) landscape, Zinnov stated, has had an increasing focus on Digital Engineering and its evolution over the last six years.
  • Zinnov investigated multiple parameters across transactions, including deal types and sizes, valuations, and multiples on the buyer side to understand the accelerated investments in the Digital Engineering space.
  • New-age technologies have become a strategic tool to strengthen businesses across industries, and Digital Engineering Service Providers are a critical cog in that endeavor, noted the study.
  • Recently, Zinnov acted as the sole commercial advisor to a UK-based PE firm, BC Partners ("BC Partners"), on their investment in Valtech, a global leader in digital services and business transformation.

Digital Engineering Services Companies, a surefire weapon in the PE Investment Arsenal, says Zinnov

Retrieved on: 
Wednesday, September 15, 2021

NEW YORK, Sept. 15, 2021 /PRNewswire/ -- Zinnov, a leading global management and strategy consulting firm's recent study "Investment and Value Creation in the New Digital Normal" evaluated the global Digital Engineering Services space by analyzing 3000+ PE transactions in the overall Technology Services segment across buyouts, growth capital, and add-on acquisitions. The global Private Equity (PE) landscape, Zinnov stated, has had an increasing focus on Digital Engineering and its evolution over the last six years. Zinnov investigated multiple parameters across transactions, including deal types and sizes, valuations, and multiples on the buyer side to understand the accelerated investments in the Digital Engineering space. It also assessed key parameters such as revenue, EBITDA, growth, headcount, delivery regions, type and quality of service offerings, etc., on the asset side.

Key Points: 
  • The global Private Equity (PE) landscape, Zinnov stated, has had an increasing focus on Digital Engineering and its evolution over the last six years.
  • Zinnov investigated multiple parameters across transactions, including deal types and sizes, valuations, and multiples on the buyer side to understand the accelerated investments in the Digital Engineering space.
  • New-age technologies have become a strategic tool to strengthen businesses across industries, and Digital Engineering Service Providers are a critical cog in that endeavor, noted the study.
  • Recently, Zinnov acted as the sole commercial advisor to a UK-based PE firm, BC Partners ("BC Partners"), on their investment in Valtech, a global leader in digital services and business transformation.

Hitachi Completes Acquisition of GlobalLogic

Retrieved on: 
Wednesday, July 14, 2021

TOKYO, July 14, 2021 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021.

Key Points: 
  • TOKYO, July 14, 2021 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021.
  • As announced in the press release dated March 31, Hitachi Global Digital Holdings LLC ("HGDH"), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. ("GlobalLogic Worldwide Holdings"), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.
  • The acquisition of GlobalLogic will enhance Hitachi Group's ability to deliver on its strategy to promote Social Innovation Business through digital technology to solve the issues faced by customers and society.
  • "We are very pleased to welcome GlobalLogic to the Hitachi Group," said Toshiaki Higashihara, Executive Chairman & CEO, Hitachi Ltd. "Hitachi aims to become a global leader in the social innovation business by accelerating digital transformation of social infrastructure by combining the innovativeness of GlobalLogic's advanced digital product engineering and experience design capabilities with the reliability that Hitachi has established in mission-critical fields.