GlobalLogic successfully completes Fortech acquisition
GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced that it has completed the acquisition of Fortech, a leading digital engineering firm based in Cluj-Napoca, pursuant to the term of the definitive…
GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced that it has completed the acquisition of Fortech, a leading digital engineering firm based in Cluj-Napoca, pursuant to the term of the definitive agreement signed in November, 2022. Headquartered in Silicon Valley (San Jose, California), GlobalLogic has acquired 100% of the shares of Fortech, making it a wholly owned subsidiary of GlobalLogic.
As a stand-alone company with 1150+ members, operations in 4 locations in Romania, and access to a national hub of engineering talent, Fortech has positioned itself as a reliable tech partner for Small Medium Sized (SMEs) and blue-chip companies in Europe and the US for the last two decades. Under the leadership of its CEO & co-founder, Călin Văduva, Fortech has entered the league of Romania's largest and most sought-after technology companies. In a business landscape dominated by international tech brands, Fortech is one of the few who maintained the rhythm and the standards imposed by the big tech players throughout the years.
Fortech’s business value is evidenced by its growing membership, its robust financial performance, and the recognitions offered by international entities. Latest accolades include receiving Deloitte’s Best Managed Companies in Romania certification, being selected by Bosch in its Preferred supplier’s network, being ranked by IAOP in its Global Outsourcing 100, and being listed by Catalyst as Employer of choice in Romania for two consecutive years.
Stemming from this solid foundation, Fortech is well-positioned to become a new growth vector of core digital engineering talent in CEE within GlobalLogic, as it evolves into GlobalLogic Romania. The acquisition opens new perspectives for Fortech’s team and clients while further expanding GlobalLogic’s already successful presence in Europe, with promising scale and depth. Fortech’s end-to-end software services and highly tenured engineers are now enriching GlobalLogic’s technical competence map. In addition, Fortech also complements GlobalLogic’s industry-focused solutions, including the company’s framework supporting the automotive, healthcare, industrial manufacturing, media & communications, and financial software sectors.
As a result, GlobalLogic is powerfully equipped to accommodate the evolving needs of its clients, who seek to differentiate through technology and accelerate the shift to a digital-first world. Over 550 global brands and digital disruptors rely on GlobalLogic design and engineering expertise today. Consistent with GlobalLogic’s vision, Fortech’s current clients are presented with the advantage of access to the broader GlobalLogic’s portfolio.
“We have always been energized by the hope that the technology we create can improve life as we live it. We're thrilled to have found in GlobalLogic a partner and a culture that shares this aspiration and has built a powerful engine to turn it into reality.” said
