Luxoft
Luxoft, a DXC Technology Public Subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in Zug, Switzerland.[1]
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Type | Public Subsidiary |
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NYSE: LXFT | |
Industry | Software development |
Founded | 2000 |
Headquarters | Switzerland, Zug, , Switzerland |
Area served | Worldwide |
Key people | Dmitry Loschinin (CEO) |
Services |
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Revenue | ![]() |
Number of employees | 17,000+ |
Parent | DXC Technology (83%) |
Website | www.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 January 2019, Luxoft was acquired by DXC Technology.[6] Luxoft enabled Switzerland's first Blockchain based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab.[7] In 2010, Luxoft established a development center in Kraków, Poland.[8][9] Since 2018, Luxoft has been present in Italy (Turin), through the acquisition of the Objective Software site.[10]
In January 2019, DXC Technologie of Tyson Corner (Virginia) announced the acquisition of Luxoft Holding.[11] In April 2022 the Russian business was sold to IBS Holding.[12]
Luxoft's largest offices are based in the US, Poland, Germany, India,[13] Ukraine, Singapore, and Serbia.[14]
Acquisitions
Company name | Industry | Country | Date of acquisition | Reference |
---|---|---|---|---|
Radius Inc. | Internet of Things/Big data | ![]() |
2014 | [15] |
Excelian | Financial services | ![]() |
2015 | [16] |
Symtavision GmbH | Automotive - Timing Analysis | ![]() |
2016 | [17] |
Pelagicore AB | Automotive | ![]() |
2016 | [18] |
INSYS Group | Healthcare/Telco | ![]() |
2016 | [19] |
IntroPro | TMT | ![]() |
2017 | [20] |
derivIT | Financial services | ![]() |
2017 | [21] |
UNAFORTIS AG | Financial services | ![]() |
2017 | [22] |
Smashing Ideas | Design & Innovation | ![]() |
2018 | [23] |
Objective GmbH | Automotive Software Development | ![]() |
2018 | [24] |
CMORE Automotive GmbH | Automotive | ![]() |
2020 | [25] |
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.[26]
References
- "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.
- https://tech.eu/2019/01/07/us-based-dxc-acquires-russian-founded-software-development-company-luxoft-for-2-billion/. Retrieved 2023-03-8.
- 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.
- Akanksha Rana (7 Jan 2019). ""DXC Technology to buy software development company Luxoft for $2 billion"". Reuters.
- "Zug citizens open to more blockchain-based e-voting". Crypto Valley. December 2018. Retrieved 2019-08-15.
- TMC Net (2004-11-18). "Luxoft Opens Poland Development Center". Krakow, Poland: TMC Net. Retrieved 2012-02-20.
- businessweek.com (2012-02-12). "Luxoft Ltd. Teams Up with Atmel Corporation to Complement its Application Development Services with ZigBee(R) Smart Energy(TM) Offering". businessweek.com. Archived from the original on February 7, 2009. Retrieved 2012-07-10.
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has generic name (help) - "Career at Luxoft". Retrieved 2021-03-03.
- "DXC Technology übernimmt Digital-Spezialisten Luxoft aus der Schweiz" (in German). Retrieved 2021-03-08.
- "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.