A major contributor to this article appears to have a close connection with its subject.(August 2024) |
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, India, [1] Ukraine, Singapore, and Serbia. [2] [3]
Company type | Subsidiary |
---|---|
Industry | Software development |
Founded | 2000Moscow, Russia | in
Headquarters | Switzerland, Zug, , Switzerland |
Area served | Worldwide |
Key people | Raul Fernandez (President and CEO) |
Services |
|
Revenue | US$906.8 million (2018) [4] |
Number of employees | 17,000+ |
Parent | DXC Technology (100%) |
Website | www |
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 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]
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]
Company name | Industry | Country | Date of acquisition | Reference |
---|---|---|---|---|
Radius Inc. | Internet of Things/Big data | USA | 2014 | [17] |
Excelian | Financial services | UK | 2015 | [18] |
Symtavision GmbH | Automotive - Timing Analysis | Germany | 2016 | [19] |
Pelagicore AB | Automotive | Sweden | 2016 | [20] |
INSYS Group | Healthcare/Telco | USA | 2016 | [21] |
IntroPro | TMT | Ukraine | 2017 | [22] |
derivIT | Financial services | Singapore | 2017 | [23] |
UNAFORTIS AG | Financial services | Switzerland | 2017 | [24] |
Smashing Ideas | Design & Innovation | USA | 2018 | [25] |
Objective GmbH | Automotive Software Development | Germany | 2018 | [26] |
CMORE Automotive GmbH | Automotive | Germany | 2020 | [27] |
Software AG is a German multinational software corporation that develops enterprise software for business process management, integration, and big data analytics. Founded in 1969, the company is headquartered in Darmstadt, Germany, and has offices worldwide.
Ansys, Inc. is an American multinational company with its headquarters based in Canonsburg, Pennsylvania. It develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.
Yandex LLC is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine called Yandex Search, launched in 1997, information services, e-commerce, transportation, maps and navigation, mobile applications, and online advertising. Yandex Holding Company was incorporated in 2000. As of 2016, it primarily served audiences in Russia, Kazakhstan, Belarus, Ukraine, Turkey and countries with a significant Russian-speaking population.
GlobalLogic is an American digital services company providing software development services. It is a subsidiary of Hitachi. GlobalLogic has corporate headquarters in San Jose, California.
Kongregate is an American web gaming portal and video game publisher. Its website features over 124,000 online games and 30+ mobile games available to the public. The company also publishes games for PC, mobile, and home consoles. It was purchased by GameStop Corporation in 2010 before being acquired by Modern Times Group MT AB in 2017.
Computer Task Group, Inc. is an American multinational company headquartered in Buffalo, New York, that provides information technology staffing. December 2023, it was announced that Cegeka concluded the purchase of the majority stake (74%) in CTG.
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
Riverbed Technology LLC is an American information technology company. Its products consist of software and hardware focused on Unified Observability, Network Visibility, End User Experience Management, network performance monitoring, application performance management, and wide area networks (WANs), including SD-WAN and WAN optimization.
IntelliCAD is a CAD editor and development platform with an Application Programming Interface API published by the IntelliCAD Technology Consortium ("ITC") through shared development. IntelliCAD emulates the basic interface and functions of AutoCAD, however, it is particularly able to incorporate and interchange freely between a wide variety of file types.
Solera Inc is an American company based in Texas which provides risk management and asset protection software and services to the automotive industry and property insurance marketplace. Solera also provides digital identity management services, as well as re-underwriting and data analytics for the automotive, property and casualty insurance industries. Solera is active in 88 countries across six continents.
Intel Capital Corporation is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies. The firm is one of the most active American investors in the Chinese artificial intelligence industry.
Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Farmington, Utah. As of July 2018, it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.
Sapphire Ventures is a venture capital firm with offices in Menlo Park, San Francisco, Austin, and London. The firm is considered one of the world's premier venture capital firms.
Ciklum is an international software development and IT outsourcing company founded in Denmark in 2002. It is headquartered in London, United Kingdom.
Digital Asset is a financial technology company founded in 2014 by Sunil Hirani, Don R. Wilson, Yuval Rooz, Shaul Kfir and Eric Saraniecki. It builds products based on distributed ledger technology (DLT) for banks and other financial institutions.
Veritas Technologies LLC is an American international data management company headquartered in Santa Clara, California. The company has its origins in Tolerant Systems, founded in 1983 and later renamed Veritas Software. It specializes in storage management software including the first commercial journaling file system, VxFS, VxVM, VCS, the personal/small office backup software Backup Exec and the enterprise backup software, NetBackup. Veritas Record Now was an early CD recording software.
Veritas Capital Fund Management, L.L.C. is a New York–based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner.
DXC Technology Company is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia.
Almaz Capital is a global VC fund headquartered in Portola Valley, California, United States investing in early stage, capital efficient technology companies in high-growth sectors. Almaz Capital focuses on disruptive deep tech companies in b2b software space, including AI/ML and Blockchain applications, IoT and Edge Computing Enablers, Cybersecurity, etc. Since its foundation the firm's portfolio has included about 50 companies, with more than 300 million US dollars invested in them.