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.
Validation Code
Poll: 2018 was hard for recruiting – 29 Interviews to one hire

Nearly nine out of ten companies had a tougher time finding suitable employees in 2018 compared with previous years, interviewing an average 29 candidates before hiring one person, a poll by HappyRecruiter show

 Read Full article »
CBRE maintains its market leader ranking with 24 per cent market share on the Bucharest-based office segment

In 2018, CBRE, the real estate consultant managed 24 per cent of the Bucharest-based office market, according to a release of the company.

 Read Full article »
Philippe Beucher takes a new opportunity outside Capgemini

After 5 years spent in Capgemini, Philippe Beucher, the Romanian company's branch CEO announced he decided to take another opportunity outside of the Group as of January 15th.

 Read Full article »
Amazon expands at Iasi with 5000 sqm of offices

At the end of 2020, the American company Amazon will rent an additional 5.000 sqm office spaces at Iasi, to amount over 18.000 sqm office space in Romania, according to sources in the real estate market and quo

 Read Full article »
Accelerator programme Legal Tech Hub Vienna to offer support for legal tech companies

The law firms Dorda, Eisenberger & Herzog, Herbst Kinsky, PHH, Schoenherr, SCWP Schindhelm and Wolf Theiss, today launched the Legal Tech Hub Vienna (LTH Vienna). The unique initiative, that brings together sev

 Read Full article »
Fusion and purchase market in Romania close to 2 billion euro in 2018

The fusion and purchase market in Romania came close to two billion Euro in 2018, according to an analysis made by Deloitte Romania, based on public sources and transactions made public.

 Read Full article »
DXC Technology to Acquire Leading Digital Innovator Luxoft

End-to-end IT services and solutions developer DXC Technology and Luxoft Holding announced a definitive agreement for DXC to acquire Luxoft, a global-scale digital innovator with differentiated offerings, deep

 Read Full article »
Deloitte study: What are the expectations of the employees and how can the employers adapt to the new trends?

Demographic and technological changes are the two major trends that transform the workforce, according to the Deloitte study "Voice of Workforce in Europe", which reached out to more than 15,000 people from ten

 Read Full article »
Ascentis: The top ten HR trends for 2019

Ascentis, specializing in in integrated Human Capital Management software published the main HR trends for 2019, findings resulted from the work together with their workforce and leadership strategist Eric Swen

 Read Full article »
CBRE managed transactions of 22,000 sqm for Regus and Spaces in Romania in the past years

Real estate consultancy company CBRE announced it completed rental transactions for approximately 22,000 sqm of coworking workspaces for the Regus and Spaces brands since 2015.

 Read Full article »
» Philippe Beucher takes a new opportuni...
» The most appreciated companies from th...
» The Outsourcing industry announces its...
» Amazon expands at Iasi with 5000 sqm o...
» Fusion and purchase market in Romania ...
» IBM to open its fourth business servic...
» Molson Coors started to grow its busin...
» Oracle reaches 4,200 employees and pla...
» French energy operator Total opened su...
KPMG study: Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned about the types of data held by businesses.

 Read Full article »
Manpower: Romania's labor market, more prudent in the first quarter of 2019

More than two thirds (70 per cent) of employers in Romania anticipate no changes in the size of their payrolls in the first quarter (Q1) of 2019, the largest percentage in over two years, and this suggests the

 Read Full article »
Noni Jain, Wipro Europe: It is fundamental how you coach the employees and prepare them for the next level of an evolving organization

How do you attract and retain a globally-mobile workforce? What technologies do you need in your arsenal to get the most from the tech-savvy "Generation Y"? To drive innovation and attract and retain top talent

 Read Full article »
Engagement and inclusion through direct feedback from employees

As an example offered by Olga Botusan at Stefanini, the company implemented a satisfaction survey in previous years, and they constantly use the results and the feedback of colleagues to come up with better sol

 Read Full article »
Self-service tools in the new digitalized business ecosystem

IoT and advanced technologies, including robotics, are expected to replace all the conventional tools and systems at workplaces with their digitized versions by 2022 in all the top-ten economies of the world.

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