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GlobalLogic and Avid Technology to Expand Product Engineering Lab in Kyiv, UkraineLab Expansion From 250+ Engineers to 400+ Anticipated Over Next 18 Months, Further Consolidating Avid's Global R&D Footprint and Representing One of Ukraine's Largest R&D Facilities (November 29, 2011)
MCLEAN, VA -- (Marketwire) -- 11/29/11 -- GlobalLogic, Inc., a leader in software R&D services, announced today that Avid Technology (NASDAQ: AVID) plans to expand the company's current R&D Lab in Kyiv, the capital city of Ukraine. This expansion builds on Avid Technology's successful partnership with GlobalLogic in Kyiv for the past three years.
The Kyiv R&D Product Engineering Lab's mission will be to collaboratively drive rapid innovation as well as speed time-to-market for new Avid® solutions. This phase of the expansion builds on the maturity, knowledge and technical abilities of the current teams.
"Kyiv now plays a key role in our research and development plans and builds on our successful relationships with GlobalLogic in Kyiv," commented Chris Gahagan, senior vice president of Products and Solutions at Avid. "Having successfully delivered on several major and minor releases, the Kyiv center -- which currently has more than 250+ engineers -- has the right level of maturity to further expand the missions at the center that will help us achieve our software development goals."
The Kyiv team will focus on product development and support activities for Avid's audio, video and next-generation cloud solutions. Their work will support a wide range of Avid initiatives.
"We are honored that Avid is expanding its existing relationship with GlobalLogic in creating this state-of-the-art R&D center in Kyiv," said Shashank Samant, president, GlobalLogic. "This reflects our client's strong faith in Ukrainian product development talent and in GlobalLogic's proven track record of establishing large software engineering teams operating in highly secure environments to service the world's leading technology firms. We look forward to powering the current and next generation of Avid offerings."
GlobalLogic, home to nearly 6,000 people, delivers R&D services to leading technology-enabled organizations. Since 2001, we have remained relentlessly focused on delivering innovative products, services and experiences. We work with both start-ups and technology giants, including 80% of the top global technology brands, to design and build innovative products that provide a competitive edge. With innovation hubs and design studios around the world, GlobalLogic delivers the broad range of technology design and engineering skills needed to help our clients stay ahead. The company is connected globally by its award-winning "Velocity" innovation platform, and its teams thrive on Agile collaboration. Backed by Sequoia Capital, Goldman Sachs, NEA, Draper Atlantic/New Atlantic Ventures, and WestBridge Capital, GlobalLogic is headquartered in the U.S. and has global offices in Argentina, China, Germany, India, Israel, Ukraine and the United Kingdom. For more information, visit: www.globallogic.com.
GlobalLogic is a trademark of GlobalLogic. Avid is a registered trademark of Avid Technology, Inc. All other brands, products or service names are or may be trademarks or service marks of their respective owners.
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