Luxoft acquires IntroPro, expands into telecommunications

Software development services company Luxoft Holding, Inc. (NYSE: LXFT) has acquired IntroPro, an engineering consultancy with deep expertise spanning the complete lifecycle of enterprise and embedded software architecture, the company said.

IntroPro generates over 90% of its revenue from the telecom/media sector, serving several blue chip clients based in North America. It resembles Luxoft in culture of engineering excellence while carrying out complex innovation-driven engagements. It employs professionals across its offices in the United States with an offshore support from Ukraine.

Telecom and media segment has been heavily exposed to the digital transformation era, and the livelihood of enterprises is being influenced by changes in ways goods and services are being consumed today — the changes that are dictated not only by end customers but also by the regulators, who insist on fair and ubiquitous access to services across all of consumer devices.

IntroPro has been an active contributor to multi-media strategies of its clients focused on migrating content delivery to web-based multi-channels that can be accessed everywhere through dynamic and agile modern software development methodologies.

Luxoft Holding provides software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. It is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange.

IntroPro is a global leader that provides specialized end2end product development, engineering and software development consulting in Telecom, Media and Technology (T-M-T) space.