Luxoft leads emerging European markets

NEW DELHI, INDIA: In 2008, the acquisition of ITC Networks, a Romanian IT-services provider, helped Luxoft in increasing the overall revenue to over $150 million and the number of employees to more than 3,000.

Besides strengthening Luxoft’s expertise in the telecom industry, the acquisition brought in a client portfolio comprising companies such as Nortel Networks, Avaya, Trapeze Networks and others.

“This acquisition is another step in Luxoft’s growth and strengthening of the company’s global presence,” said Dmitry Loschinin, CEO, Luxoft.

“The tremendous telecoms aptitude of the combined team, prominent EU location and shared commitment to engineering excellence will serve Luxoft, its clients and ITC Networks’ clients well for years to come.”

With delivery locations across EMEA, North America, Central and Eastern Europe and - since last year - Vietnam, Luxoft has made a conscious effort to provide worldwide its clientèle an optimal mix of nearshore, offshore and onsite delivery models.

“For 2009, we plan to develop out two delivery centers, one in Vietnam and the other one in Romania,” says Dmitry Loschinin.

To attract the best talent, Luxoft has tied up with universities and also pays better than most of the IT companies in Eastern Europe.

Recently, Luxoft joined hands with two universities in Ho Chi Minh city, Vietnam.

In addition to working with universities in Vietnam, Luxoft cooperates with leading Russian and Ukrainian technical education institutions such as Moscow State University, St. Petersburg University of Information Technologies, Mechanics and Optics, National University of Ukraine (KPI), and others.

It was also selected as the only CIS Company to earn the status of partner from Carnegie Mellon University’s Software Engineering Institute.

In 2008, Luxoft was also announced as the first European company to be appraised at the highest process maturity level, known as Level 5, of the latest version of Capability Maturity Model Integration for Development (CMMI-DEV), a process improvement approach aimed at driving best practices in product and service.

Every year Luxoft releases its predictions for the IT outsourcing industry. In January '09, Luxoft released the predictions for the current year. One of the interesting ones being: “Labor market conditions will improve and will go from being 'personnel-driven' to 'employer-driven' market. Economic downturn will improve labor markets in Russia and Ukraine (as well as in other Eastern European countries). Economic pressure in 2009 will result in a larger quantity of skilled IT personnel.”

Another fact that the report stated is that “Some of the promising areas for outsourcing in 2009 are e-commerce, wireless and mobile technologies.”

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