US-headquartered software and R&D services provider GlobalLogic has acquired Method, a San Francisco-based design and innovation consultancy, for an undisclosed sum, the company has said in a statement today.
Method helps solve business challenges through design thinking and creates inspired products, services and brand experiences which engage customers. The company’s key clients include Google, Nissan, Samsung, Nokia, Microsoft, Time Warner Cable, Nordstrom, TED and the BBC, among others.
GlobalLogic is backed by key investors including Sequoia Capital, Goldman Sachs and NEA. It has more than 5,500 employees on board and has offices in India, Germany, Argentina, Israel, Ukraine and the UK. Incidentally, Sequoia Capital has provided extensive venture capital funding for Indian start-ups across various segments.
The current acquisition will enable GlobalLogic to serve clients in major growth markets including social media, mobile commerce, IPTV, medical devices and Tablet computing, the statement has added.
Under the deal, Method will become a new business unit within GlobalLogic and will continue to operate under the name Method. Also, Method founder and CEO Kevin Farnham will report to GlobalLogic president Shashank Samant.
“By adding Method’s strong experience in design and its innovation capabilities to our core technology R&D offering, GlobalLogic is strongly positioned to help clients bring innovation to their customers,” Peter Harrison, CEO of GlobalLogic commented on the acquisition.
In a bid to expand its footprint in India, GlobalLogic has already acquired Hyderabad-based Rofous Software in May 2011 for an undisclosed sum. Rofous is product and content engineering company, with 1,500 people on board.