Luxoft

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Luxoft
IndustrySoftware development
Founded2000
HeadquartersSwitzerland, Zug, ,
Switzerland
Area served
Worldwide
Key people
Dmitry Loschinin
(CEO)
Services
RevenueIncrease US$906.8 million (2018)[1]
Number of employees
12,900
Websitewww.luxoft.com

Luxoft, a DXC Technology Company, is a digital strategy and software engineering firm, with about 12,900 employees within its 41 offices in 22 countries. It is headquartered in Zug, Switzerland.[2]

History[edit]

In 2000, Luxoft was established in Moscow under the direction of Dmitry Loschinin. In 2008 it acquired ITC Networks in Bucharest.[3] 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.[4] 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.[5] In January 2019, Luxoft was acquired by DXC Technology.[6] Luxoft partnered with LG Electronics to create a next-generation Autonomous Mobility concept vehicle that integrates consumers' personalized digital lifestyles into a riding experience.[7] Luxoft enabled Switzerland's first Blockchain based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab.[8] Luxoft has a development center in Romania (Bucharest).[9]

Acquisitions[edit]

Company name Industry Country Date of acquisition Reference
Excelian Financial services  UK 2015 [10]
Pelagicore AB Automotive  Sweden 2016 [11]
INSYS Group Healthcare/Telco  USA 2016 [12]
IntroPro TMT  Ukraine 2017 [13]
CMORE Automotive GmbH Automotive  Germany 2020 [14]

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.[15]

References[edit]

  1. ^ "Luxoft Holding, Inc Reports Results for Fourth Quarter and Full-Year 2018". Retrieved 21 November 2018.
  2. ^ "DXC Technology to Acquire Leading Digital Innovator Luxoft". Bloomberg. Retrieved 2019-07-11.
  3. ^ "RRussia's Luxoft buys Romanian software firm". EETimes. 2008-07-23.
  4. ^ "Russian software developer Luxoft jumps in NYSE debut". Reuters. 2013-06-26.
  5. ^ "Luxoft Holding, Inc Announces Pricing of Initial Public Offering". www.luxoft.com. Retrieved 2017-07-11.
  6. ^ Akanksha Rana (7 Jan 2019). ""DXC Technology to buy software development company Luxoft for $2 billion"". Reuters.
  7. ^ "Luxoft Holding, Inc: Luxoft and LG Electronics to present a forward-looking vision for Autonomous and Connected Mobility". Bloomberg. Retrieved 2019-08-15.
  8. ^ "Zug citizens open to more blockchain-based e-voting". Crypto Valley. Retrieved 2019-08-15.
  9. ^ "RRussia's Luxoft buys Romanian software firm". EETimes. 2008-07-23.
  10. ^ "Luxoft follows GFT with UK acquisition". Megabuyte. 2015-02-19.
  11. ^ "Luxoft acquires Pelagicore AB". Reuters. 2016-09-13.
  12. ^ "Luxoft acquires INSYS Group". Reuters. 2016-07-18.
  13. ^ "Luxoft acquires Ukrainian software development company IntroPro". Reuters. 2017-02-06.
  14. ^ "Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive". finance.yahoo.com. Retrieved 2020-04-09.
  15. ^ "VC.ru". VC.

External links[edit]