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  5. Luxoft Holding Acquires ITC Networks SRL

M&A Deal Summary

Luxoft Holding Acquires ITC Networks SRL

On July 22, 2008, Luxoft Holding acquired software company ITC Networks SRL

Acquisition Highlights
  • This is Luxoft Holding’s 1st transaction in the Software sector.
  • This is Luxoft Holding’s 1st transaction in Romania.

M&A Deal Summary
Date 2008-07-22
Target ITC Networks SRL
Sector Software
Buyer(s) Luxoft Holding
Deal Type Add-on Acquisition

Target

ITC Networks SRL

Bucharest, Romania
ITC Networks SRL is a software outsourcing provider specializing in the telecommunications industry. ITC Networks’ range of services includes system and application development, re-engineering, software testing and test automation, maintenance, and support.

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Buyer(S) 1

Buyer

Luxoft Holding

Zug, Switzerland
Category Company
Founded 2000
Sector Information Technology
Employees12,897
Revenue 907M USD (2018)
DESCRIPTION

Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

DEAL STATS #
Overall 2 of 13
Sector: Software 1 of 4
Type: Add-on Acquisition 2 of 12
Country: Romania 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-04 IT Consulting International

New York, United States

IT Consulting International is a provider of IT outsourcing, on-site staffing and project management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Radius

Bonita Springs, Florida, United States

Radius, Inc. is a next-generation technology solution provider company focused on the growing Internet of Things industry.

Buy -
Mergr

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