Increasing demand for the Company’s services in Warsaw, particularly from international banks, and access to high-caliber IT talent in Poland drove the decision to open the new office. In particular, soaring implementations of Murex technology systems into global banks from Poland led to the number of Murex specialists employed by Luxoft in Warsaw to increase fivefold in the last 12 months. 1
Luxoft also supports the financial processes of global automotive manufacturers from its Warsaw location. This is one of the fastest growing areas of the business globally. The new office should help ensure Luxoft continues to meet both the strong demand for advanced financial services technology in Central and Eastern Europe and puts the company in a position to capitalize on the growth opportunities in other industries from Poland.
“Warsaw specialists are in charge of IT support for international platforms which enable the annual trading of billions of dollars,” said Wojciech Mach, Managing Director Central Europe at Luxoft. “These advanced services are an important part of Excelian Luxoft’s services, and rely on specific know-how and experience in cooperating with financial markets.”
Luxoft has successfully operated in Poland for seven years and works with 15 international companies from its base in Warsaw alone. Since opening its first office in Krakow, Poland in 2010, Luxoft expanded quickly and now operates in four locations across the country – Krakow, Warsaw, Wroclaw and Tri-city. The new office is located on the 36th floor of the Warsaw Spire – the highest office building in the city.
“A great deal of clients choose to work with Luxoft in Poland because of the high quality of services we provide and the people we hire. Together with other countries of Central and Eastern Europe, Poland provides access to world class software engineers that keep clients coming back to work with us,” concluded Przemysław Berendt, Global Marketing Vice President at Luxoft.
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.
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. All trademarks are recognized and are the property of their respective companies.
Luxoft Holding, Inc
Patrick R. Corcoran
Global Director, External Relations
212-964-9900 ext. 2453
1 Murex is a leading technology system used by financial institutions to manage both exchange-traded and over-the-counter financial securities and derivatives.