Company:Luxoft

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Short description: Swiss technology company

Luxoft, a DXC Technology Public Subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in Zug, Switzerland .[1]

Luxoft
TypePublic Subsidiary
IndustrySoftware development
Founded2000; 24 years ago (2000) in Moscow, Russia
HeadquartersSwitzerland, Zug,
Zug
,
Switzerland
Area served
Worldwide
Key people
Dmitry Loschinin
(CEO)
Services
RevenueIncrease United States dollar 906.8 million (2018)[2]
Number of employees
17,000+
ParentDXC Technology (100%)
Websitewww.luxoft.com

History

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 United States , Poland, Germany , India ,[14] Ukraine , Singapore, and Serbia.[15]

Acquisitions

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 industry - 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

  1. ↑ "DXC Technology to Acquire Leading Digital Innovator Luxoft" (in en-US). https://www.bloomberg.com/press-releases/2019-01-07/dxc-technology-to-acquire-leading-digital-innovator-luxoft/. Retrieved 2019-07-11. 
  2. ↑ "Luxoft Holding, Inc Reports Results for Fourth Quarter and Full-Year 2018". https://www.luxoft.com/pr/luxoft-holding-inc-reports-results-for-fourth-quarter-and-fullyear-2018/. Retrieved 21 November 2018. 
  3. ↑ https://tech.eu/2019/01/07/us-based-dxc-acquires-russian-founded-software-development-company-luxoft-for-2-billion/. Retrieved 2023-03-8.
  4. ↑ Staff, Computerworld (2008-07-23). "Luxoft Acquires Romania’s ITC Networks" (in en). https://www.computerworld.com/article/2777491/luxoft-acquires-romania---s-itc-networks.html. 
  5. ↑ Andrii Degeler (2013-07-02). "Luxoft raises $70 million in New York IPO" (in en-US). https://www.ewdn.com/2013/07/02/luxoft-raises-70-million-in-new-york-ipo/. 
  6. ↑ TMC Net (2004-11-18). "Luxoft Opens Poland Development Center". Krakow, Poland: TMC Net. http://technews.tmcnet.com/news/2010/10/18/5072855.htm. Retrieved 2012-02-20. 
  7. ↑ "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. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=7828827. Retrieved 2012-07-10. 
  8. ↑ "Career at Luxoft". https://career.luxoft.com/locations/italy/. 
  9. ↑ "DXC Technology übernimmt Digital-Spezialisten Luxoft aus der Schweiz" (in de). https://www.dxc.technology/de/press_releases/146134-dxc_technology_%C3%BCbernimmt_digital_spezialisten_luxoft_aus_der_schweiz. 
  10. ↑ Akanksha Rana (7 Jan 2019). ""DXC Technology to buy software development company Luxoft for $2 billion"". Reuters. https://www.reuters.com/article/us-luxoft-m-a-dxc-tech/dxc-technology-to-buy-software-development-company-luxoft-for-2-billion-idUSKCN1P115T. 
  11. ↑ "DXC Technology Completes Acquisition of Leading Digital Innovator Luxoft". 14 June 2023. https://www.businesswire.com/news/home/20190614005254/en/DXC-Technology-Completes-Acquisition-of-Leading-Digital-Innovator-Luxoft. 
  12. ↑ "Zug citizens open to more blockchain-based e-voting" (in en-US). December 2018. https://cryptovalley.swiss/citizens-open-more-blockchain-evoting/. Retrieved 2019-08-15. 
  13. ↑ "DXC Technology self-reports possible Russian sanctions violations". 23 May 2023. https://www.complianceweek.com/sanctions/dxc-technology-self-reports-possible-russian-sanctions-violations/33129.article. 
  14. ↑ "Luxoft opens new centre in Chennai". The Times of India. 2022-11-23. ISSN 0971-8257. https://timesofindia.indiatimes.com/city/chennai/luxoft-opens-new-centre-in-chennai/articleshow/95700746.cms. 
  15. ↑ "Career at Luxoft". https://career.luxoft.com/locations/. 
  16. ↑ "Luxoft Acquires Radius Inc., a Next Generation Technology Solution Provider Focused on IoT". Luxoft. 2014-10-07. https://www.luxoft.com/pr/luxoft-acquires-radius-inc-a-next-generation-technology-solution-provider-focused-on-iot/. 
  17. ↑ "Luxoft follows GFT with UK acquisition". Megabuyte. 2015-02-19. https://megabuyte.com/news/57b44fcfe4b04eb980871d45/luxoft-follows-gft-uk-acquisition. 
  18. ↑ "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. https://www.luxoft.com/pr/luxoft-acquires-symtavision-a-leading-provider-of-software-tools-and-services-for-realtime-system-design-and-development-for-the-automotive-industry/. 
  19. ↑ "Luxoft acquires Pelagicore AB". Reuters. 2016-09-13. https://www.reuters.com/article/idUSFWN1BP086. 
  20. ↑ "Luxoft acquires INSYS Group". Reuters. 2016-07-18. http://in.reuters.com/article/idINFWN1A40AJ. 
  21. ↑ "Luxoft acquires Ukrainian software development company IntroPro". Reuters. 2017-02-06. http://www.ewdn.com/2017/02/06/luxoft-acquires-ukrainian-software-development-company-intropro/. 
  22. ↑ "Excelian: Luxoft Financial Services Completes the Acquisition of derivIT". BusinessWire. 2017-08-23. http://www.businesswire.com/news/home/20170823005345/en/. 
  23. ↑ "Excelian, Luxoft Financial Services Launches Global Avaloq Practice following Acquisition of UNAFORTIS". BusinessWire. 2017-08-28. https://www.businesswire.com/news/home/20170928005626/en/Excelian-Luxoft-Financial-Services-Launches-Global-Avaloq. 
  24. ↑ "Luxoft Acquires US-based Digital Innovation Agency, Smashing Ideas" (in en-us). Luxoft. 2018-06-18. https://www.luxoft.com/pr/luxoft-acquires-usbased-digital-innovation-agency-smashing-ideas/. 
  25. ↑ "Luxoft Acquires Autonomous Drive and Connected Mobility Specialist Objective Software GmbH" (in en-us). luxoft.com. https://www.luxoft.com/pr/luxoft-acquires-autonomous-drive-and-connected-mobility-specialist-objective-software-gmbh/. 
  26. ↑ "Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive" (in en-US). https://finance.yahoo.com/news/luxoft-dxc-technology-company-completes-070000393.html. 
  27. ↑ "VC.ru". 8 January 2019. https://vc.ru/finance/54982-dxc-technology-kupila-rossiyskogo-razrabotchika-programmnogo-obespecheniya-luxoft. 

External links



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