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Excelian Luxoft Financial Services Strengthens Its APAC Presence with the Acquisition of derivIT
This transaction cements a strong foundation on which
“derivIT is a strategic acquisition anticipated to consolidate and
strengthen Luxoft’s leadership position as one of the top consulting,
implementation and support services providers for Murex. It establishes
a sizable base for our Company’s
Approximately ninety percent of derivIT’s revenues are derived from
installations of Murex trading, risk and processing solutions across its
blue chip clients based in
After the acquisition, Luxoft’s delivery footprint, catering to
enterprises located in
“We are pleased to partner with
Excelian, Luxoft’s Financial Services division, helps customers maximize efficiency, reduce risk and increase speed of delivery via adoption of better practices and more advanced systems. Excelian delivers an end-to-end service, from consulting to technology services - platform consolidation, infrastructure optimization, cloud and utility-based models, complemented by a range of proprietary solutions. Excelian manages the standardization of custom complex software development and helps simplify solutions to streamline banking cost structures and achieve more efficient operations via its expertise in packaged software from Murex, Open Link and Calypso, among others.
derivIT was founded in
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2016 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
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Luxoft Holding, Inc.