Luxoft

Ever wonder who builds the complex software behind the scenes at major banks or in the dashboard of your car? There’s a good chance it’s a company like Luxoft. They are a digital strategy and software engineering firm that tackles bespoke tech solutions for massive global clients. The story begins in 2000, when Luxoft was founded in Russia under the leadership of Dmitry Loschinin. It started as a spin-off from the IT holding company IBS Group, with a team of gifted engineers working out of a repurposed shop floor in Moscow. They quickly gained a reputation for solving complex problems and began a period of rapid global expansion, opening offices and delivery centers across Europe, Asia, and North America. A major turning point came in 2013 when Luxoft went public on the New York Stock Exchange, raising $70 million in its initial public offering. This event marked its arrival as a recognized global player in the IT services industry. The company continued to grow, making strategic acquisitions and deepening its expertise in key industries like automotive and financial services. In 2019, a new chapter began when U.S. IT services giant DXC Technology acquired Luxoft for approximately $2 billion. Today, Luxoft operates as "A DXC Technology Company," combining its digital engineering prowess with DXC's extensive IT modernization and integration capabilities to help global companies navigate their digital transformations.