| ITC Networks joins the IBS Group being acquired by Luxoft - 31/07/2008 |
Acquisition of leading Romanian IT player increases Luxoft’s global delivery capability and telecom expertise
Bucharest July 22nd 2008 - Luxoft, a global provider of high-end application and product development services, today announced it has acquired Bucharest-headquartered ITC Networks (ITCN), a leading Romanian software outsourcing provider specializing in the telecommunications industry. The combined company will have more then 3000 employees worldwide and an annual revenue run rate of over $150 million.
The acquisition of ITC Networks, which follows Luxoft’s April announcement of a new office opening in Vietnam, further expands the company’s global footprint. ITCN’s large scale delivery capability within the European Union, with its shared legal framework, ease of travel, and convenient time zones, makes Luxoft’s service offerings even more compelling for the European clientele. The deal also strengthens Luxoft’s expertise in the telecom industry, expanding its client portfolio with companies like Nortel Networks, Avaya, Trapeze Networks and others. In turn, existing ITC Networks clients will benefit from Luxoft’s best-of-breed processes and methodologies, financial stability, global delivery locations, and economies of scale.
“This acquisition is another step in Luxoft’s growth and strengthening of company’s global presence,” said Dmitry Loschinin, President and CEO, Luxoft. “The tremendous telecoms aptitude of the combined team, prominent European Union location and shared commitment to engineering excellence will serve Luxoft, its clients and ITC Network’s clients well for years to come.”
Doru Mardare, Managing Director of ITC Networks concurred: “This acquisition is a great boost to ITCN. We see full synergy with the Luxoft team in terms of our respective corporate cultures, ability to develop successful long term partnerships with leading global clients, and deep telecom industry expertise. We are looking forward to becoming part of a global entity, especially one that is growing as quickly as Luxoft.”
James Reeves, Vice President of R&D and World-Wide Customer Service Trapeze Networks, one of ITC Networks client’s commented on the acquisition: “We are excited to work with such world-class, global organization like Luxoft and are confident that this acquisition will further strengthen our relationship.”
About Luxoft
Luxoft, a member of the IBS Group, is an emerging global leader in application and product engineering outsourcing services for enterprise IT organizations and software vendors. Luxoft builds lasting partnerships with its clients, such as Boeing, Deutsche Bank, UBS, Dell, IBM, Sabre and other global leaders, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers global delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft’s customers benefit from the right mix of technology skills, industry knowledge, best-of-breed processes and methodologies, and a choice of engagement models.
Luxoft is the recipient of the 2007 Frost & Sullivan Global Outsourcing Growth Excellence & Customer Value Leadership Award, as well as the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank). For more information visit: www.luxoft.com.
About ITC Networks
ITC Networks is a specialized provider of software engineering services for the telecommunications industry. ITC Networks’ range of services includes system and application development, re-engineering, software testing and test automation, maintenance, and support. ITC Networks is differentiated by its deep domain expertise, well defined processes and highly skilled engineers. ITC Networks’ satisfied clients include such industry leaders as Nortel Networks, Avaya, Trapeze Networks, and others. For more information please visit http://www.itcnetworks.ro
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| ITC Networks la targul de cariera Angajatori de Top - 22/10/2007 |
In intervalul 26-27 octombrie are loc la Sala Palatului cel mai mare targ de cariera pentru tineri profesionisti, Angajatori de top.
In cadrul targului, ITC Networks va asteapta la standul 109 de la etaj.
Detalii aici. |
| ITC Networks salta cu 60% - 21/09/2007 |
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| ITC Networks la Targul de Cariera - 25/10/2006 |
Saptamana aceasta, ITC Networks va participa la Targul de Cariera " Angajatori de Top", organizat la Sala Palatului vineri 27 octombrie si sambata 28 octombrie, intre orele 10:00 si 18:00.
Va asteptam la standul nostru intre salile de conferinta A si B. |
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