GlobalLogic, a Hitachi Group company and digital leader, today announced that it has signed a definitive agreement to acquire Sidero Ltd., a software development and Irish engineering services has deep technology expertise in the communications sector. . This strategic acquisition aims to strengthen GlobalLogic’s capabilities in the dynamic media technology sector and expand its European presence in Ireland.
Organizations in the media industry continue to be the most disruptive when it comes to digital transformation. Sidero’s expertise in technologies such as Radio Access Network (RAN), Self-Optimizing Networking (SON), cloud and agile development methodologies will clearly complement GlobalLogic’s deep engineering portfolio . Sidero’s talented engineering and design teams based in Athlone, Republic of Ireland and Newry, Northern Ireland, make it easy to create innovative solutions that will directly benefit existing GlobalLogic customers and future.
“We are thrilled to welcome the talented Sidero team into the GlobalLogic family.”
“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.”
Nitesh Banga, President and CEO of GlobalLogic.
“GlobalLogic has long been recognized for its digital engineering prowess, unique and diverse employee culture, as well as a delighted community of clients.”
“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.”
Carmel Owens, CEO, Sidero.
Terms of the transaction were not attached. Under the agreement, Sidero will continue to operate with existing management and employees as a wholly owned subsidiary of GlobalLogic. The transaction is subject to regulatory approval and is expected to close in the second half of calendar year 2023.