Luxoft
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Luxoft, a DXC Technology subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in Zug, Switzerland.[1]
Company type | Subsidiary |
---|---|
Industry | Software development |
Founded | 2000Moscow, Russia | in
Headquarters | Switzerland, Zug, , Switzerland |
Area served | Worldwide |
Key people | Raul Fernandez (President and CEO) |
Services |
|
Revenue | US$906.8 million (2018)[2] |
Number of employees | 17,000+ |
Parent | DXC Technology (100%) |
Website | www |
History[edit]
In 2000, Luxoft was established under the direction of Dmitry Loschinin in Russia.[3] In 2008, it acquired ITC Networks in Bucharest.[4] In 2013, Luxoft was listed on the New York Stock Exchange, following an initial public offering of 4.1 million shares at $17.00 per ordinary share.[5] UBS Limited, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC were the joint book-running managers for the offering.
In 2010, Luxoft established a development center in Kraków, Poland.[6][7] Since 2018, Luxoft has been present in Italy (Turin), through the acquisition of the Objective Software site.[8]
In January 2019, DXC Technologie of Tyson Corner (Virginia) announced the acquisition of Luxoft Holding.[9] In June 2019, DXC Technology completed the 100% acquisition of Luxoft.[10][11]
Luxoft enabled Switzerland's first Blockchain based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab.[12]
Luxoft announced it strongly supported Ukraine and condemned Russia and decided to leave the Russian market, accordingly in April 2022 the Russian business was sold to IBS Holding.[13]
Luxoft's largest offices are based in the US, Poland, Germany, India,[14] Ukraine, Singapore, and Serbia.[15]
Acquisitions[edit]
Company name | Industry | Country | Date of acquisition | Reference |
---|---|---|---|---|
Radius Inc. | Internet of Things/Big data | USA | 2014 | [16] |
Excelian | Financial services | UK | 2015 | [17] |
Symtavision GmbH | Automotive - Timing Analysis | Germany | 2016 | [18] |
Pelagicore AB | Automotive | Sweden | 2016 | [19] |
INSYS Group | Healthcare/Telco | USA | 2016 | [20] |
IntroPro | TMT | Ukraine | 2017 | [21] |
derivIT | Financial services | Singapore | 2017 | [22] |
UNAFORTIS AG | Financial services | Switzerland | 2017 | [23] |
Smashing Ideas | Design & Innovation | USA | 2018 | [24] |
Objective GmbH | Automotive Software Development | Germany | 2018 | [25] |
CMORE Automotive GmbH | Automotive | Germany | 2020 | [26] |
In January 2019, Luxoft was acquired by DXC Technology. According to the information from SEC database, DXC Technology now owns 83% of Luxoft shares. The eventual close of the deal was in June 2019.[27]
References[edit]
- ^ "DXC Technology to Acquire Leading Digital Innovator Luxoft". Bloomberg. Retrieved 2019-07-11.
- ^ "Luxoft Holding, Inc Reports Results for Fourth Quarter and Full-Year 2018". Retrieved 21 November 2018.
- ^ "US-based DXC acquires Russian-founded software development company Luxoft for $2 billion". Tech.eu. 2019-01-07. Retrieved 2024-05-21.
- ^ Staff, Computerworld (2008-07-23). "Luxoft Acquires Romania's ITC Networks". Computerworld. Retrieved 2022-06-22.
- ^ Andrii Degeler (2013-07-02). "Luxoft raises $70 million in New York IPO". Retrieved 2022-06-14.
- ^ TMC Net (2004-11-18). "Luxoft Opens Poland Development Center". Krakow, Poland: TMC Net. Retrieved 2012-02-20.
- ^ "Luxoft Ltd. Teams Up with Atmel Corporation to Complement its Application Development Services with ZigBee(R) Smart Energy(TM) Offering". businessweek.com. 2012-02-12. Archived from the original on February 7, 2009. Retrieved 2012-07-10.
- ^ "Career at Luxoft". Retrieved 2021-03-03.
- ^ "DXC Technology übernimmt Digital-Spezialisten Luxoft aus der Schweiz" (in German). Retrieved 2021-03-08.
- ^ Akanksha Rana (7 Jan 2019). ""DXC Technology to buy software development company Luxoft for $2 billion"". Reuters.
- ^ "DXC Technology Completes Acquisition of Leading Digital Innovator Luxoft". 14 June 2023.
- ^ "Zug citizens open to more blockchain-based e-voting". Crypto Valley. December 2018. Retrieved 2019-08-15.
- ^ "DXC Technology self-reports possible Russian sanctions violations". 23 May 2023.
- ^ "Luxoft opens new centre in Chennai". The Times of India. 2022-11-23. ISSN 0971-8257. Retrieved 2023-03-25.
- ^ "Career at Luxoft".
- ^ "Luxoft Acquires Radius Inc., a Next Generation Technology Solution Provider Focused on IoT". Luxoft. 2014-10-07.
- ^ "Luxoft follows GFT with UK acquisition". Megabuyte. 2015-02-19.
- ^ "Luxoft Acquires Symtavision, a Leading Provider of Software Tools and Services for Real-time System Design and Development for the Automotive Industry". Luxoft. 2016-02-23.
- ^ "Luxoft acquires Pelagicore AB". Reuters. 2016-09-13.
- ^ "Luxoft acquires INSYS Group". Reuters. 2016-07-18.
- ^ "Luxoft acquires Ukrainian software development company IntroPro". Reuters. 2017-02-06.
- ^ "Excelian: Luxoft Financial Services Completes the Acquisition of derivIT". BusinessWire. 2017-08-23.
- ^ "Excelian, Luxoft Financial Services Launches Global Avaloq Practice following Acquisition of UNAFORTIS". BusinessWire. 2017-08-28.
- ^ "Luxoft Acquires US-based Digital Innovation Agency, Smashing Ideas". Luxoft. 2018-06-18. Retrieved 2021-01-21.
- ^ "Luxoft Acquires Autonomous Drive and Connected Mobility Specialist Objective Software GmbH". luxoft.com. Retrieved 2019-05-26.
- ^ "Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive". finance.yahoo.com. Retrieved 2020-04-09.
- ^ "VC.ru". VC. 8 January 2019.