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.
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."