Luxoft


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.

History

In 2000, Luxoft was established in Moscow under the direction of Dmitry Loschinin. In 2008 it acquired ITC Networks in Bucharest. 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. UBS Limited, Credit Suisse Securities LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC were the joint book-running managers for the offering. In January 2019 Luxoft was acquired by DXC Technology. Luxoft partnered with LG Electronics to create a next-generation Autonomous Mobility concept vehicle that integrates consumers' personalized digital lifestyles into a riding experience. Luxoft enabled Switzerland's first Blockchain based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab. Luxoft has a development center in Romania.

Acquisitions

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.