GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering announced that it has entered into a definitive agreement to acquire Sidero Ltd., an Ireland-based engineering services and cloud-native software development company with deep technology specialization in the Communications vertical. This strategic acquisition aims to bolster GlobalLogic’s capabilities in the dynamic Communications technology sector, and expands its European presence in Ireland.
CIO INFLUENCE: World Password Day: Password advice for CIOs
“We are excited about the synergies that will be created by our combined organizations, and we look forward to providing differentiated capabilities and enhanced value to our customers in Ireland and across the globe.”
Organizations in the Communications industry continue to be the most disruptive when it comes to digital transformation. Sidero’s expertise in technologies such as Radio Access Networks (RAN), Self-Optimizing Networks (SON), Cloud, and Agile development practices are a clear complement to GlobalLogic’s deep engineering portfolio. Sidero’s talented experience design and engineering teams based in Athlone, Republic of Ireland & Newry, Northern Ireland, facilitate the creation of innovative solutions that will directly benefit GlobalLogic’s current and future clients.
“We are thrilled to welcome the talented Sidero team into the GlobalLogic family.” said Nitesh Banga, President and CEO of GlobalLogic. “Our deep roots in Communications technology are a perfect complement to Sidero’s expertise and competencies. With our combined strengths, we will bring tremendous value to our mutual clients and further enhance our leadership in this and other highly dynamic verticals.”
CIO INFLUENCE: JFrog Software Supply Chain Platform Delivers 393% ROI According to Total Economic Impact Study
“GlobalLogic has long been recognized for its digital engineering prowess, unique and diverse employee culture, as well as a delighted community of clients.” said Carmel Owens, CEO, Sidero. “We are excited about the synergies that will be created by our combined organizations, and we look forward to providing differentiated capabilities and enhanced value to our customers in Ireland and across the globe.”
The terms of the transaction were not disclosed. Under the agreement, Sidero will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic. The transaction is subject to customary regulatory approval and is expected to close in the second half of calendar 2023.
CIO INFLUENCE: CIO Influence Interview with Lior Yaari, CEO and Co-Founder at Grip Security
[To share your insights with us, please write to sghosh@martechseries.com]
