Luxoft Ranked in World’s Top 40 Fintech Companies by IDC
October 9, 2018
October 9, 2018
ZUG, Switzerland -- October 8, 2018 -- Excelian, Luxoft Financial Services, the financial services division of Luxoft Holding, Inc (NYSE:LXFT), today announced it has been ranked 40th in market researcher IDC’s Global Fintech Rankings.
The annual IDC FinTech Rankings evaluate the 100 companies with the highest turnover in the fintech sector worldwide. The results reflect industry trends that affect both the institutions that buy technology and the companies that provide end-to-end IT services to the financial sector. Excelian Luxoft retained its place in the top 40 technology providers of hardware, software and/or IT services to financial institutions for the third consecutive year.
“By unwinding the digital legacies of the past, coping with compliance headaches and scaling transformation initiatives, we enable clients to realize the benefits of technology,” said Roman Trachtenberg, Global Head of Excelian, Luxoft Financial Services. “This year, our newly formed Wealth Practice has helped clients navigate the enormous changes driven by regulations, increased competition and technological evolution. Looking ahead, we expect to see Wealth Managers and Technology Services providers forge even closer working relationships as firms adapt their business models and technology strategy to remain competitive and build shareholder value."
For information about Luxoft’s latest acquisitions on the financial services sector, please click here.
Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. 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.
Luxoft has more than 12,700 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit 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 firstname.lastname@example.org, 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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