Exclusive OT: Luxoft surged 40% in 2015, follows top sophistication expansion - OUTSOURCING-TODAY.RO
Latest News  

Exclusive OT: Luxoft surged 40% in 2015, follows top sophistication expansion

If you're a Swiss private bank client, or a premium car phone and PC system user, most likely your account is managed through Luxoft's Romanian team of expert's designed applications.

2016-02-24 16:50:25 - by Bogdan Tudorache

UBS, Deutsche Bank and Credit Suisse, as well as a lot of premium car manufacturers are just a few of the plethora of clients Luxoft's Bucharest center serves in Europe and US, tells Outsourcing Today the company's managing director, Bogdan Pelinescu.

Luxoft Romania has ended 2015 with an employee figure of about 1,650 people, 40% up against the previous year, says Pelinescu, and is one of the few local outsourced IT services providers that offers only highest degree of service sophistication, of level three and above it.

(Where first level is help desk & call center, and second and third increase knowledge pool to various degrees of sophistication).

Luxoft Romania was born in 2008, when it acquired a local telecom-services oriented company which had 600 employees locally, ITC Networks.

"After a year and a half, after consolidating the business, the main business lines now present appeared. Telecom, finance and automotive are the largest business lines developed here," says Pelinescu.

Telecom is the traditional local service line since the ITC was created in 2000, while finance followed in 2010 and automotive in 2011. The company has invested up to now tens of millions of euros into Romanian operations.

"The company exceeded 1,650 employees during the current year, a 40% increase. We will continue diversifying the project portfolios and bringing in complex, local and global projects so as to ensure further growth," he says.

The majority of projects are large ones, including two, three or four locations team presence.
"Telecom is our longest business line, timewise. It gave way to other divisions during time, but it remains our main line."

While telecom covers 45% of the revenue mix, the rest is split evenly between the other two divisions, financial and automotive. And if a decision to move outside Bucharest will be considered feasible, Luxoft will expand to new cities as well.

"The clients served from Europe are mostly automotive and finance clients, while the telecom ones come mostly from US. In Europe, we have large financial institutions such as UBS, Deutsche Bank or Credit Suisse among are customers."


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
Larry Ellison announced the availability of Oracle Autonomous Transaction Processing

Oracle Executive Chairman and CTO Larry Ellisonrecently marked a major milestone in the company's autonomous strategy with the availability of the latest Oracle Autonomous Database Cloud Service, Oracle Autonom

 Read Full article »
Ness Digital Development center in Iasi expands activity, creates new jobs

Ness Digital Engineering, one of the leading global providers of IT services, is consolidating the activities of its center based in Palas Iași, adding two major companies in the field of telecom, media & ente

 Read Full article »
BearingPoint expands its Security Advisory Center of Excellence in Romania

Technology consultancy company BearingPoint announced that it is expanding its Security Advisory Center of Excellence (CoE) in Romania.

 Read Full article »
Connections signs partnership with UiPath, aims 5 mln Euro from robots in 2019

Digital transformation company Connections, operating in Romania, Bulgaria and Serbia, has signed a partnership with UiPath, the Enterprise Robotic Process Automation (RPA) platform with the fastest acquisitio

 Read Full article »
Endava marks IPO and first day of trading on New York Stock Exchange

Endava opened for trading on the New York Stock Exchange (NYSE) under the ticker symbol "DAVA" following its initial public offering.

 Read Full article »
Colliers: Co-working changes Romanian office leasing data

The end of the first semester has brought into light great achievements from regional cities in all real estate segments. Bucharest has also performed well and, according to the real estate consultancy company

 Read Full article »
Atos, closer to acquire Syntel

Atos and Syntel have entered into a definitive merger agreement under which Atos will acquire Syntel for cash consideration of c. 3.4 billion US dollars, 41.0 Us dollars per share, representing apx. 14 per cent

 Read Full article »
Turkey's TotalSoft completes acquisition of Romania's Architected Business Solutions

Turkish-owned software company TotalSoft said on Monday it has completed the acquisition and merger of Romanian business management consultancy group Architected Business Solutions (ABS). The deal was announced

 Read Full article »
SAP and Lufthansa launch world's first "Aviation Blockchain Challenge"

The Lufthansa Innovation Hub and the SAP.iO Foundries program in Berlin launched the "Aviation Blockchain Challenge" to draw attention to the potential of blockchain technology in the aviation industry, uncover

 Read Full article »
Endava specialists put 3-month work in Via Transilvanica platform

The Via Transilvanica online platform, a concept initiated by the Tăşuleasa Social Association, was developed pro-bono by an Endava team in three months. A smartphone application, interactivity and tagging fu

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» The Outsourcing industry announces its...
» Committed to growth
» Genpact's COO: Staying ahead of the cu...
» PwC: The competitive advantages of Rom...
» Luxoft expands Asia Pacific presence w...
» Olga Botusan, Stefanini: There is a hu...
» Zitec's digital marketing division reg...
» EXCLUSIVE: ABSL Timisoara - BPO and SS...
» Molson Coors started to grow its busin...
 
EDITOR CHOICE
The long way from Learning to Development

How to succeed in reaching the young and the valuable employees and wining their hearts and minds, so they will forever be committed to gain knowledge, evolve in profession and build a strong career inside the

 Read Full article »
Synergy of skills

There are over 250.000 employees only in the class A and B office buildings in Bucharest and around one million employees spread around the city. How does the office market cope with the need of companies to ac

 Read Full article »
Risk management in industry 4.0. The risks are new, how is the management?

The ink is not yet dry in terms of GDPR's EU compliance regulations and the last few months have been a very useful exercise for everybody, either vendor, producer or consumer to understand that rigid concepts

 Read Full article »
In the search of the best next available resource, human or not

With the work demand expressed for the "traditional" job openings in ITO, HRO, BPO or SSC, the question formulated by the industry stakeholders points to some concerns regarding the future availability of the s

 Read Full article »
Competing in outsourcing: racing of endurance and skills

As Romania's outsourcing sector is currently estimated to employ more than 100,000 people, a constant evolution in the past years (with 15.000 employees registered in 2007), the local market is a popular nearsh

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