Luxoft

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Luxoft

Industry	Software development
Founded	2000
Headquarters	Switzerland, Zug, Zug , Switzerland
Area served	Worldwide
Key people	Dmitry Loschinin (CEO)
Services	application development Mobile application development software engineering IT consulting and User experience design
Revenue	US$906.8 million (2018)[1]
Number of employees	12,900
Website	www.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[]

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[]

Company name	Industry	Country	Date of acquisition	Reference
Radius Inc.	Internet of Things/Big data	USA	2014	[10]
Excelian	Financial services	UK	2015	[11]
Symtavision GmbH	Automotive - Timing Analysis	Germany	2016	[12]
Pelagicore AB	Automotive	Sweden	2016	[13]
INSYS Group	Healthcare/Telco	USA	2016	[14]
IntroPro	TMT	Ukraine	2017	[15]
derivIT	Financial services	Singapore	2017	[16]
UNAFORTIS AG	Financial services	Switzerland	2017	[17]
Smashing Ideas	Design & Innovation	USA	2018	[18]
Objective GmbH	Automotive Software Development	Germany	2018	[19]
CMORE Automotive GmbH	Automotive	Germany	2020	[20]

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.^[21]

References[]

External links[]

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