The annual IDC FinTech Rankings evaluate the 100 companies with the highest turnover in the fintech sector worldwide, meaning the results reflect industry trends that affect both the institutions that buy technology and the companies that provide IT solutions to the financial services sector.
Though the company continues to diversify into other areas, Luxoft retained its place in the top 40 technology providers of hardware, software and/or IT services to financial institutions, and was only one of six Swiss-based companies to make the rankings. Luxoft is widely known as a premium supplier of software development and consulting services to the financial sector, which has helped the company anchor its position in the IDC rankings for consecutive years.
“Luxoft has worked closely and consistently with financial institutions since it’s inception, which has allowed us to maintain our status as one of the leading providers in this sector,” said Roman Trakhtenberg, Group Managing Director and Global Head of Excelian, Luxoft Financial Services at Luxoft. “The value we bring to financial institutions comes from our understanding of what they need and making change happen. We have retained a very experienced team from management to engineering that have worked with clients in this sector for many years, which is why it is still a core vertical for us.”
Roman Trakhtenberg concluded, “What’s exciting going forward is that by expanding into new verticals we are finding ways of transferring innovations from other industries into the financial sector. This will bring a new cutting edge to our digital transformation projects within financial institutions.”
A summary of the results of the IDC FinTech Rankings is available here as a download.
For information about Luxoft’s latest acquisitions on the financial services sector, please click here.
Luxoft Holding, Inc. (NYSE:LXFT) a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large, multinational corporations predominantly in Europe, North America and Asia Pacific. The Company’s software development services consist of core and mission critical custom software development and support, product engineering, and technology consulting. Its bespoke solutions include technology architecture selection and other consulting, proprietary products and/or standard system software and platforms, as well as implementation and maintenance. Through its services and solutions, the Company helps its clients improve their competitive position by increasing efficiency, optimizing costs, and enabling changes through disruptive digital technologies that enhance end-user experience and shorten time-to-market. The Company develops its solutions and delivers its services from 37 dedicated delivery centers worldwide. It has more than 12,800 employees across 42 offices in 21 countries within five continents – North America, Europe, Africa, Asia, and Australia. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and Events Company. For more information, please visit www.idc.com/financial, email email@example.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
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Luxoft Holding, Inc
Patrick R. Corcoran 212-964-9900 ext. 2453
Global Director, External Relations