Luxoft, a DXC Technology subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in Zug, Switzerland.[1]
Company type | Subsidiary |
---|---|
Industry | Software development |
Founded | 2000Moscow, Russia | in
Headquarters | Switzerland, Zug, , Switzerland |
Area served | Worldwide |
Key people | Dmitry Loschinin (CEO) |
Services |
|
Revenue | US$906.8 million (2018)[2] |
Number of employees | 17,000+ |
Parent | DXC Technology (100%) |
Website | www |
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 US, Poland, Germany, India,[14] Ukraine, Singapore, and Serbia.[15]
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 - 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]