Luxoft Holding, Inc., BVI-registered company providing software development services and IT solutions, has acquired Excelian, the UK-based systems integrator and technology consulting company specializing in trading and risk management software for financial services industry. Privately held Excelian has customer base consisting mainly of investment banks, large wholesale banks and commodity traders, company’s offices are located in Western Europe, the United States, Canada, Australia and South Africa. Its expertise includes implementation of financial software platforms from industry leading providers such as Murex, OpenLink and Calypso.
Strata Partners was an exclusive financial adviser to Luxoft on this transaction, while Smith & Williamson Corporate Finance was an adviser to Excelian.
According to BVI company’s announcement, acquisition of Excelian by Luxoft will allow it to expand its financial services vertical, engage with more world leading technology partners, and will provide cross-selling opportunities to a wider client base.
