Luxoft, a

DXC Technology DXC Technology Company is an American multinational information technology (IT) services and consulting company headquartered in Ashburn, Virginia. History DXC Technology was founded on April 3, 2017, through a merger between Hewlett Packar ...

subsidiary, is represented in 21 countries with 17 000+ employees globally. Luxoft is headquartered in

Zug Zug (Standard German: , Alemannic German: ; ; ; ; )Named in the 16th century. is the largest List of cities in Switzerland, town and capital of the Swiss canton of Zug. Zug is renowned as a hub for some of the wealthiest individuals in the wor ...

Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ...

with several large offices in the US, Poland, Germany, India, Ukraine, Singapore, and Serbia.

History

In 2000, Luxoft was established under the direction of Dmitry Loschinin in Russia. In 2008, it acquired ITC Networks in Bucharest. In 2013, Luxoft was listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

, following an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

of 4.1 million shares at $17.00 per

ordinary share Common stock is a form of corporate equity (finance), equity ownership, a type of security (finance), security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or or ...

UBS UBS Group AG (stylized simply as UBS) is a multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the ...

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 , officially the Royal Capital City of Kraków, is the List of cities and towns in Poland, second-largest and one of the oldest cities in Poland. Situated on the Vistula River in Lesser Poland Voivodeship, the city has a population of 804,237 ...

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...

. Since 2018, Luxoft has been present in Italy (

Turin Turin ( , ; ; , then ) is a city and an important business and cultural centre in northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The city is main ...

), through the acquisition of the ''Objective'' site. In 2018, Luxoft enabled Switzerland's first

Blockchain The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of th ...

based e-vote platform with the City of Zug and Hochschule Luzern's Blockchain Lab. In January 2019,

Tysons Corner Tysons, also known as Tysons Corner, is a census-designated place (CDP) in Fairfax County, Virginia, United States, spanning from the corner of SR 123 (Chain Bridge Road) and SR 7 (Leesburg Pike). It is part of the Washington metropolitan are ...

, Virginia announced the acquisition of Luxoft Holding. In June 2019, DXC Technology completed the 100% acquisition of Luxoft. According to the information from SEC database, DXC Technology owns 83% of Luxoft shares.

Controversy

Because of

Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

, 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.

Acquisitions

References

External links

* {{Authority control Software companies of Switzerland Companies listed on the New York Stock Exchange Multinational companies headquartered in Switzerland Consulting firms established in 2000 Software companies established in 2000 International information technology consulting firms