Adviser to Luxoft on the acquisition of INSYS Group

Transaction Summary

Strata acts as exclusive adviser to Luxoft.

We are delighted to announce the completion of Luxoft’s acquisition of INSYS Group, Inc. (“INSYS”), a Rochelle Park, New Jersey-based IT consulting provider serving a large number of blue-chip corporations (including several members of the Fortune 100), with a significant proportion of revenue being generated from the healthcare, pharmaceuticals & biotech and telecom verticals. The core service offering of INSYS includes the development of advanced predictive analytics, business intelligence & data warehousing, digital marketing, and enterprise information management systems for their clients.

Up front consideration for INSYS’ issued and outstanding share capital was $37.9 million, with further earnout payments of up to $33.5 million payable based on the achievement of certain revenue and EBITDA targets in the period up to December 2018.

Luxoft (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 has over 11,000 employees across 36 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 with a current market capitalisation of $1.8 billion.  For more information, please visit www.luxoft.com.

Strata Partners acted as the exclusive financial adviser to Luxoft. This is our second buyside transaction for Luxoft. Strata has previously advised Luxoft on the acquisition of Excelian Limited, a UK based company specialising in trading and risk management software in the financial securities and commodities markets, in February 2015.