Advised NYSE listed Luxoft on the acquisition of derivIT
Strata acts as exclusive financial adviser to NYSE listed Luxoft on its acquisition of derivIT, a Singapore-based financial services-focused technology consulting provider.
derivIT provides a unique blend of technology expertise, deep domain understanding and strong knowledge of leading platforms (notably Murex) in credit and risk management and capital markets. deriviT adds several marquee logos with considerable cross-selling potential across Singapore, Malaysia, Australia, India, China and the Middle East to Luxoft’s High Potential Accounts list. This acquisition positions Luxoft’s Financial Services practice as a truly global one-stop destination for all technology needs, from advisory to engineering, in the capital markets industry, as well as establishing a sizable Asia-Pacific and Middle Eastern presence for Luxoft to cater to financial services, automotive and other customers in future.
The transaction was closed upon the receipt of the approval by Reserve Bank of India, as well as satisfaction of several other customary conditions precedent.
Luxoft Holding, Inc. (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 32 dedicated delivery centers worldwide. It has more than 12,000 employees across 39 offices in 19 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.
Strata Partners acted as the exclusive financial adviser to Luxoft on this acquisition, which is our fourth buyside transaction for Luxoft.Download Press Release