About Luxoft
Luxoft is a company based in Zug (Switzerland) founded in 2000 was acquired by DXC in January 2019.. The company has 2,570 employees as of March 27, 2024. Luxoft has completed 9 acquisitions, including CMORE Automotive, Derive IT and INSYS Group. Luxoft offers products and services including Cloud Solutions, Data Analytics, QA Automation, and Intelligent Automation. Luxoft operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Zug, Switzerland
- Employees 2570 as on 27 Mar, 2024
- Stage Public
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Sectors
Business ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Luxoft India Llp
- Date of Incorporation 29 Mar, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
DXC
& 2 more
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Employee Count
2570
as on Mar 27, 2024
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Investments & Acquisitions
CMORE Automotive
& 8 more
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Acquired by
DXC
(Jan 07, 2019)
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Products & Services of Luxoft
Luxoft offers a comprehensive portfolio of products and services, including Cloud Solutions, Data Analytics, QA Automation, and Intelligent Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers cloud-based innovations for scalable business operations
Provides insights to solve business challenges through analysis
Automates testing to enhance production efficiency and accuracy
Improves efficiency with advanced automation for operations
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Software Development Team
154 people
Leadership Team
104 people
Finance and Accounting
70 people
Sales and Marketing
42 people
Human Resources and Administration
35 people
Data Analysis and Operations Team
28 people
Senior Team
23 people
Global Team
18 people
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Funding Insights of Luxoft
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Grant - Luxoft | Valuation |
investors |
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| Jun, 2012 | Amount | Private Equity Round - Luxoft | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Luxoft
Luxoft has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include DXC, European Union and VTB Capital Investment Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Application development, cloud management, and IT outsourcing services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Luxoft
Luxoft has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include CMORE Automotive, Derive IT and INSYS Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-enabled mobility systems for autonomous driving and connectivity are offered.
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2011 | ||||
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Open source software is utilized for automotive infotainment platforms.
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2009 | ||||
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Networking, automation, consulting, and IT support services are provided.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Luxoft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Luxoft Comparisons
Competitors of Luxoft
Luxoft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Luxoft
Frequently Asked Questions about Luxoft
When was Luxoft founded?
Luxoft was founded in 2000 and raised its 1st funding round 12 years after it was founded.
Where is Luxoft located?
Luxoft is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
How many employees does Luxoft have?
As of Mar 27, 2024, the latest employee count at Luxoft is 2,570.
What does Luxoft do?
Software development services and innovative IT solutions are delivered by Luxoft, founded in 2000 and headquartered in Zug, Switzerland, to multinational corporations in finance, telecom, energy, automotive, travel, and aviation sectors. Over 130 clients, including Boeing, IBM, and Deutsche Bank, are served through 30 offices and 27 delivery centers across 16 countries on 5 continents. A 18 ranking in the International Association of Outsourcing Professionals Top 100 has been attained.
Who are the top competitors of Luxoft?
Luxoft's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Luxoft offer?
Luxoft offers Cloud Solutions, Data Analytics, QA Automation, and Intelligent Automation.
How many acquisitions has Luxoft made?
Luxoft has made 9 acquisitions, including CMORE Automotive, Derive IT, and INSYS Group.
Who are Luxoft's investors?
Luxoft has 3 investors. Key investors include DXC, European Union, and VTB Capital Investment Management.