Luxoft Opens 21st Global Office in Detroit, Michigan
Jun 24, 2014
Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced the launch of its new U.S. office in the Detroit, Michigan to support its automotive line of business.
"Demand for Luxoft’s engineering services, technology, and domain expertise has been steadily increasing, particularly within the automotive industry. Our current pipeline has prompted us to expand our presence in the United States. Through our presence in Detroit, Michigan, we plan to further grow our business with original equipment manufacturers and Tier-I suppliers as well as to better support our existing clients," said Dmitry Loschinin, President and CEO of Luxoft.
"The office’s strategic location, which is the core of the automotive industry in North America, allows us not only to continue effectively servicing our U.S. clients, but also to leverage the increased interest in our capabilities among the entire automotive community. We expect this location, by being on the ground, will give us increased visibility into the automotive community’s technology needs and will help us optimize our offerings for current and future engagements," said Serkan Arslan, Director of Automotive Global Business Development.
Luxoft is currently present in 13 countries around the world, and this new office becomes its 21st global location. The Detroit office will focus on business development efforts aimed at the automotive Tier 1s and OEMs, in addition to supporting our existing client engagements. Luxoft will continue to invest in TEORA – the Human Machine Interface (HMI) software tool chain that the Company uses to develop scalable, appealing, and swift-to-market car HMI implementations. This new office location reflects Luxoft’s overall commitment to the industry and the Company’s vision for continued engagement with the automotive industry.
This U.S. expansion is in line with the recently announced Global Upgrade Program, where global sales is an important aspect. Luxoft will continue to manage its main client interactions through the offshore / onsite model, increasing the onsite component to 15% over the mid-term from the current 10%. The Company’s new Detroit office should become a hub for client-facing initiatives and is a part of the overall strategy to increase Luxoft’s onsite presence.
About Luxoft
Luxoft Holding, Inc (NYSE:LXFT US) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 15 dedicated delivery centers worldwide. It has over 7,500 employees across 21 offices in 13 countries in North America, Western and Eastern Europe, and Asia Pacific. Luxoft is incorporated in Tortola, British Virgin Islands, has an operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com
"Demand for Luxoft’s engineering services, technology, and domain expertise has been steadily increasing, particularly within the automotive industry. Our current pipeline has prompted us to expand our presence in the United States. Through our presence in Detroit, Michigan, we plan to further grow our business with original equipment manufacturers and Tier-I suppliers as well as to better support our existing clients," said Dmitry Loschinin, President and CEO of Luxoft.
"The office’s strategic location, which is the core of the automotive industry in North America, allows us not only to continue effectively servicing our U.S. clients, but also to leverage the increased interest in our capabilities among the entire automotive community. We expect this location, by being on the ground, will give us increased visibility into the automotive community’s technology needs and will help us optimize our offerings for current and future engagements," said Serkan Arslan, Director of Automotive Global Business Development.
Luxoft is currently present in 13 countries around the world, and this new office becomes its 21st global location. The Detroit office will focus on business development efforts aimed at the automotive Tier 1s and OEMs, in addition to supporting our existing client engagements. Luxoft will continue to invest in TEORA – the Human Machine Interface (HMI) software tool chain that the Company uses to develop scalable, appealing, and swift-to-market car HMI implementations. This new office location reflects Luxoft’s overall commitment to the industry and the Company’s vision for continued engagement with the automotive industry.
This U.S. expansion is in line with the recently announced Global Upgrade Program, where global sales is an important aspect. Luxoft will continue to manage its main client interactions through the offshore / onsite model, increasing the onsite component to 15% over the mid-term from the current 10%. The Company’s new Detroit office should become a hub for client-facing initiatives and is a part of the overall strategy to increase Luxoft’s onsite presence.
About Luxoft
Luxoft Holding, Inc (NYSE:LXFT US) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 15 dedicated delivery centers worldwide. It has over 7,500 employees across 21 offices in 13 countries in North America, Western and Eastern Europe, and Asia Pacific. Luxoft is incorporated in Tortola, British Virgin Islands, has an operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com