Latest News  

Luxoft acquires Insys Group, an IT management and technology consulting firm

Luxoft Holding, a leading provider of software development services and innovative IT solutions to a global client base, announced that it has acquired Insys Group, Inc. a U.S.-based IT consulting provider serving a large number of blue-chip corporations, with a significant proportion of revenue being generated from the healthcare, pharmaceuticals & biotech and telecom verticals.

2016-07-20 12:29:14 - by Bogdan Tudorache

Insys Group, which delivers services to marquee clients including Fortune 100 companies served by their focus verticals, is expected to diversify Luxoft's client base and decrease current client and geographical concentration, measurably expanding Luxoft's North American footprint in particular.

In addition, Insys' employment of seasoned industry professionals with deep vertical knowledge complements Luxoft's business. Insys' sales executives with a proven track record of anchoring Fortune 100 accounts are expected to significantly build out Luxoft's current sales efforts in North America; and its talented senior management team that has been growing these Fortune 100 accounts to substantial levels is expected to amplify the capabilities of Luxoft's current senior management team.

"We are very pleased to welcome INSYS Group to Luxoft," said Luxoft CEO and president Dmitry Loschinin. "There are multiple synergies between the two companies, which we believe should propel both Luxoft and INSYS toward their joint goals of healthy growth and expansion at the time when digital transformation is of utmost importance for businesses worldwide.

Insys' customer base and range of technology solutions are highly complementary to those of Luxoft. Data analytics and predictive modeling is expected to augment significantly our big data and cloud Centers of Expertise. Further, the addition of the expertise and capabilities in the Pivotal open source cloud platform for business-critical applications is anticipated to advance Luxoft's positioning as an end-to-end solution provider.

Lastly, with this acquisition, we are launching a focused effort to expand Luxoft's presence in the U.S. market and establish a strong sales organization in North America, and we feel confident that INSYS is the right partner to help us execute on this strategy."

"Both Luxoft and INSYS have an absolute commitment to quality delivery, deep understanding of clients' challenges, and an exceptional ability to provide strategic insight and technical solutions that make a real difference to client business," said INSYS Group's CEO, Linda Magnusson-Rosario.

"We are excited to leverage Luxoft's scale, solutions and global offshore platform for the benefit of our existing and future enterprise customers. Through our onshore business relationships we have demonstrated a proven track record of success that has been built by our strong senior management. From today we expect that our joint outreach with Luxoft will enable us to move up to a different provider category and take on even bigger transformational engagements."


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Berg Software Romania: Reasons to outsource your software services to Romania in 2019

According to an opinion published by Berg Software, a company that specializes in technology consulting, software development and nearshoring/ offshoring, for both SMEs and large enterprises, with offices in Ti

 Read Full article »
Arvato CRM Solutions rebranded under the name Majorel

Bertelsmann and Saham's customer experience business, "Majorel" has been recently launched, according to a press release of the company.

 Read Full article »
Banca Transilvania launches BT Open Banking platform dedicated to fintech companies

Fintech companies and start-ups in IT can test the new BT Open Banking platform (BT Api Store), launched by Banca Transilvania, for online integration with banking services such as: display of online balances,

 Read Full article »
Techcelerator and Google Developers Launchpad sign a partnership for growing startups in Romania

Techcelerator, the acceleration program in Bucharest and Cluj and one of the relevant catalysts of the local tech ecosystem's growth and development, announced a partnership signed with Google Developers Launch

 Read Full article »
Bogdan Pelinescu, president of ABSL: At least 6.000 people to be enrolled in outsourcing industry in 2019 in Romania

Around 6.000 professionals are estimated to be hired in the outsourcing sector in Romania this year, according to a study conducted by Romanian Business Service Leaders Association (ABSL) and consultancy compan

 Read Full article »
Tremend expands its expertise in the financial area, through a new unit coordinated by Stefan Patra

Tremend, one of the fastest growing Romanian software companies, enriches its team of professionals. Stefan Patra joins the team as Vice President of the newly established unit of Financial Services and will co

 Read Full article »
Infosys officially opens new digital innovation center in Romania

Infosys a global leader in next-generation digital services and consulting, announced this week it will be opening a new Digital Innovation Center in Bucharest, Romania at an event attended by local government

 Read Full article »
Atos supports the OneWeb Constellation Program primed by Airbus OneWeb Satellites

A new era of mass producing satellites was achieved when Atos supported OneWeb in the successful launch of six satellites on February 27th. Atos' contributions included providing all of the Assembly, Integratio

 Read Full article »
Romanian Startup Barometer by EY Romania: Half of entrepreneurs says fiscal and regulatory environment deteriorated in 2018

Mentality and fear of failure rank first in the top barrier for those who want to start and develop a business in Romania, according to the Romanian Startup Barometer by EY Romania, Impact Hub Bucharest and Sta

 Read Full article »
Tower 3 of Globalworth Campus is now under construction

After delivering the first two office buildings within Globalworth Campus complex, the company announced it started the construction of Tower 3, with a total leasable area of 35,000 sqm.

 Read Full article »
 
 
 
MOST READ ARTICLES
» TELUS International Europe: Three ways...
» Deloitte's Tech Trends 2019 report: B...
» Molson Coors started to grow its busin...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Capgemini: Investing in people is the ...
» Hays: Timisoara outsourcing industry f...
» The Outsourcing industry announces its...
» Romania ranks above EU average in gend...
» DTZ: Office demand outside Bucharest t...
» Committed to growth
 
EDITOR CHOICE
The voting procedure for the BRAND OF THE YEAR 2019 IN ROMANIAN BUSINESS SERVICES is open!

This is the fifth edition of the event and the second year to select the public's favorite brand in the business services BPO, ITO and SSC in Romania.

 Read Full article »
Romania ranks above EU average in gender employment gap

In Romania, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Romania Employment Rate- actual values, historical data, forecast

 Read Full article »
Steven Hunt, SAP SuccessFactors: Tectonic movements in the world of work

The world of work will be shaped by five tectonic movements – or global megatrends – over the next few years. As you may guess from the geological analogy, the effects could be dramatic.

 Read Full article »
EY: European companies are divesting to future-proof growth

According to the EY Global Corporate Divestment Study, 84 per cent of European companies surveyed intending to divest within the next two years (the majority planning to do so in the coming 12 months), executiv

 Read Full article »
Knowledge-sharing presentation on latest trends the industry deals, in the program of Romanian Business Services Forum and Awards

Part of the upcoming joint half-day event, Romanian Business Services Forum and Awards to be held at JW Marriott Hotel on May 7th, the discussion agenda comprises a complex Knowledge-sharing presentation on lat

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events