Offshoring software development has transcended its initial role as a cost-saving measure. Today, it's an alliance between businesses and technology partners worldwide.

The acceptance, understanding and leveraging of dedicated offshore teams should continue to rise.

In this day of tight budgets, how can you drastically reduce the cost of offshore software development services? Let's have a look at this article.

GlobalLogic, a Vienna, Va. company that specializes in offshore software development, has raised $29.5 million in a third round of funding.