Hitachi to Buy Software Developer GlobalLogic

Mar.31 -- Hitachi Ltd. will pay $8.5 billion for San Jose, California-based software development company GlobalLogic Inc. Gajen Kandiah, chief executive officer of Hitachi Vantara, the digital infrastructure, data management and digital solutions business of the Japanese conglomerate, and Shashank Samant, CEO of GlobalLogic, share the details on "Bloomberg Daybreak: Australia."