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Luxoft Holding, Inc  (LXFT)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Luxoft Holding, Inc

Business Description

Luxoft is a global provider of innovative IT services and technology solutions that deliver measurable business outcomes to multinational companies across a number of end markets. Our offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft delivers competitive advantage to customers by leveraging its deep multi-industry expertise in the financial services, automotive, communications, healthcare and life sciences, and other industries. Its managed delivery model is underpinned by a highly-educated workforce, allowing the company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Our software development services consist of core and mission critical custom software development and support, product engineering, and technology consulting. Our bespoke solutions include technology architecture selection and other consulting-based applications, our proprietary products and/or standard system software and platforms, as well as implementation and maintenance. These solutions directly impact our clients' business outcomes through efficient delivery of continuous innovation. Through our services and solutions, we help our clients strengthen their competitive position through increased efficiency, cost optimization and productivity gains, and drive change through disruptive digital technologies that enhance end-user experience and shorten time-to-market.

We have developed a reputation and track record of delivering consistent, high-quality service and establishing long-term strategic relationships with many of our clients. We continue to increase our value proposition through advanced capabilities, an enhancement of our premium services, and a shift from traditional outsourcing to digital agendas. This includes expansion of our advisory, platform architecture selection and packaged software services, such as consulting and implementation of Murex, OpenLink, Avaloq, Qt Automotive, IBM BPM, Pivotal and PEGA, and enhanced proprietary platforms.
We utilize our deep industry and domain specific expertise to develop green field innovative software and to replace legacy IT ecosystems for our clients to improve their efficiency, competitiveness, core products, processes, and applications.
Our resources and management efforts are currently concentrated on three lines of business: Financial Services; Automotive and Transport; and Digital Enterprise. We are well positioned in these industries given companies have significant and growing demand for IT services and consider innovative and disruptive technologies to be a top priority in achieving their business goals. We also perform a portion of our work for various enterprises within travel, aviation, retail, energy, technology, agriculture and other industries.

We serve large multinational corporations that rely on our IT solutions and software development capabilities for many of their mission-critical systems.

Our engagements with clients are based on the implementation of transformational and managed services offerings. For these offerings, we assume full control of the project team, including the project manager, lead analyst and lead architect, and manage all facets of project execution. In managed services engagements, we have a higher degree of control over the staffing mix and the deployment of resources across our global dedicated delivery platform. These engagements allow us to embed ourselves in our client's business and capture deeper client loyalty while also strengthening barriers to entry for competition.
Our long-standing relationships with large multinational clients can lead to transformational engagements, where we replace a portion of the client's entire IT team and interface directly with the internal end user, instead of merely augmenting our client's IT department. We seek to continually improve our delivery by using optimized software development methodologies, such as Agile. Agile methodology entails the delivery of software at frequent iterations by cross-functional geographically distributed teams, often working remotely across various time zones. This methodology, along with our products and platforms, reduces time-to-market and lowers development costs for our clients.

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