Hitachi Group Company GlobalLogic, based in Silicon Valley, California, recently entered a definitive agreement to acquire Ireland-based engineering services and cloud-native software development company, Sidero Ltd, according to a press release. Expected to close later this year, the terms of the deal were not disclosed.
“We are thrilled to welcome the talented Sidero team into the GlobalLogic family,” Nitesh Banga, president and CEO of GlobalLogic, said. “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.”
The addition was made to expand GlobalLogic’s presence in the region, and leverage its dynamic communications and technology capabilities.
“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,” a recent press release stated.
Through this agreement, Sidero will continue operating under the same leadership, and with the support of the same staff as GlobalLogics’s wholly-owned subsidiary. The transaction is subject to customary regulatory approval.
"GlobalLogic has long been recognized for its digital engineering prowess, unique and diverse employee culture, as well as a delighted community of clients,” Carmel Owens, CEO, Sidero, said. "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.”
Founded in 2013 in Athlone, Sidero counts on the support of software engineers and cloud expert teams, made up of 21 various nationalities.
“Sidero builds mission-critical software for some of the most successful Irish and global companies,” the press release stated. “Today, it has a track record of delivering highly successful projects, with an entire organization that is agile and easy to do business with, ensuring that customers stay for the long term.”