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 with several large offices in the US, Poland, Germany, Bulgaria, India,[1] Ukraine, Singapore, and Serbia.[2][3]Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

Luxoft
Company type
Subsidiary
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Headquarters
Zug
,
Switzerland
Area served
Worldwide
Key people
Raul Fernandez
(President and CEO)
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Number of employees
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ParentDXC Technology (100%)
Websitewww.luxoft.com

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History

In 2000, Luxoft was established under the direction of Dmitry Loschinin in Russia.[5]

In 2008, it acquired ITC Networks in Bucharest.[6]

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.[7] 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.[8][9] Since 2018, Luxoft has been present in Italy (Turin), through the acquisition of the Objective site.[10]

In 2018, Luxoft enabled Switzerland's first Blockchain based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab.[11]

In January 2019, DXC Technology of Tysons Corner, Virginia announced the acquisition of Luxoft Holding.[12]

In June 2019, DXC Technology completed the 100% acquisition of Luxoft.[13][14] According to the information from SEC database, DXC Technology owns 83% of Luxoft shares.[15]

Controversy

Because of Russian invasion of Ukraine, the company announced it strongly supported Ukraine and condemned Russia. It decided to leave the Russian market, accordingly in April 2022 and the Russian business was sold to IBS Holding.[16]

Acquisitions

Company name Industry Country Date of acquisition Reference
Radius Inc. Internet of Things/Big data USA 2014 [17]
Excelian Financial services File:Flag of the United Kingdom (1-2).svg UK 2015 [18]
Symtavision GmbH Automotive - Timing Analysis Germany 2016 [19]
Pelagicore AB Automotive File:Flag of Sweden.svg Sweden 2016 [20]
INSYS Group Healthcare/Telco USA 2016 [21]
IntroPro TMT File:Flag of Ukraine.svg Ukraine 2017 [22]
derivIT Financial services File:Flag of Singapore.svg Singapore 2017 [23]
UNAFORTIS AG Financial services File:Flag of Switzerland (Pantone).svg  Switzerland 2017 [24]
Smashing Ideas Design & Innovation USA 2018 [25]
Objective Software GmbH Automotive Software Development Germany 2018 [26]
CMORE Automotive GmbH Automotive Germany 2020 [27]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft opens new centre in Chennai". The Times of India. 2022-11-23. ISSN 0971-8257. Retrieved 2023-03-25.
  2. ^ Page Module:Citation/CS1/styles.css has no content."DXC Technology to Acquire Leading Digital Innovator Luxoft". Bloomberg. Retrieved 2019-07-11.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Career at Luxoft".
  4. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft Holding, Inc Reports Results for Fourth Quarter and Full-Year 2018". Retrieved 21 November 2018.
  5. ^ Page Module:Citation/CS1/styles.css has no content."US-based DXC acquires Russian-founded software development company Luxoft for $2 billion". Tech.eu. 2019-01-07. Retrieved 2024-05-21.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Staff, Computerworld (2008-07-23). "Luxoft Acquires Romania's ITC Networks". Computerworld. Retrieved 2022-06-22.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Andrii Degeler (2013-07-02). "Luxoft raises $70 million in New York IPO". Retrieved 2022-06-14.
  8. ^ Page Module:Citation/CS1/styles.css has no content.TMC Net (2004-11-18). "Luxoft Opens Poland Development Center". Krakow, Poland: TMC Net. Retrieved 2012-02-20.
  9. ^ Page Module:Citation/CS1/styles.css has no content."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.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Career at Luxoft". Retrieved 2021-03-03.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Zug citizens open to more blockchain-based e-voting". Crypto Valley. December 2018. Retrieved 2019-08-15.
  12. ^ Page Module:Citation/CS1/styles.css has no content."DXC Technology übernimmt Digital-Spezialisten Luxoft aus der Schweiz" (in Deutsch). Retrieved 2021-03-08.
  13. ^ Page Module:Citation/CS1/styles.css has no content.Akanksha Rana (7 Jan 2019). ""DXC Technology to buy software development company Luxoft for $2 billion"". Reuters.
  14. ^ Page Module:Citation/CS1/styles.css has no content."DXC Technology Completes Acquisition of Leading Digital Innovator Luxoft". 14 June 2023.
  15. ^ Page Module:Citation/CS1/styles.css has no content."VC.ru". VC. 8 January 2019.
  16. ^ Page Module:Citation/CS1/styles.css has no content."DXC Technology self-reports possible Russian sanctions violations". Compliance Week. 23 May 2023.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft Acquires Radius Inc., a Next Generation Technology Solution Provider Focused on IoT". Luxoft. 2014-10-07.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft follows GFT with UK acquisition". Megabuyte. 2015-02-19.
  19. ^ Page Module:Citation/CS1/styles.css has no content."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.
  20. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft acquires Pelagicore AB". Reuters. 2016-09-13.
  21. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft acquires INSYS Group". Reuters. 2016-07-18. Archived from the original on December 3, 2019.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft acquires Ukrainian software development company IntroPro". Reuters. 2017-02-06.
  23. ^ Page Module:Citation/CS1/styles.css has no content."Excelian: Luxoft Financial Services Completes the Acquisition of derivIT". BusinessWire. 2017-08-23.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Excelian, Luxoft Financial Services Launches Global Avaloq Practice following Acquisition of UNAFORTIS". BusinessWire. 2017-08-28.
  25. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft Acquires US-based Digital Innovation Agency, Smashing Ideas". Luxoft. 2018-06-18. Retrieved 2021-01-21.
  26. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft Acquires Autonomous Drive and Connected Mobility Specialist Objective Software GmbH". luxoft.com. Retrieved 2019-05-26.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive". finance.yahoo.com. Retrieved 2020-04-09.
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