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Tuesday, April 18, 2006

IT Consulting International Acquired by Luxoft

Global provider of IT services Luxoft announced on Monday it would be acquiring New York City-based IT consulting firm IT Consulting International (ITCI). The IT consulting firm has provided outsourcing, on-site staffing and project management for Fortune 500 and mid-sized businesses for the past 13 years. Luxoft and IT Consulting International together will have 1,500 worldwide employees and revenue totaling over $45 million.

Luxoft’s acquisition, which will occur on May 1 of this IT consulting firm will increase the company’s U.S. presence and allow it to offer greater services and expertise to worldwide clients. Clients of the company include IBM, Boeing, Dell and Deutsche Bank.

ITCI’s service offerings will be grouped with Luxoft’s branded outsourcing structure, which includes LUXline™, LUXwork™ and LUXguide™. Luxoft will also combine its project management system that focuses on collaboration with ITCI’s Sentinal™, a web-based portal that helps manage outsourcing products. As a part of the merger, ITCI president and 20-year IT consulting figure Lev Saks will become CEO of Luxoft, USA, a position created just for him.

Luxoft has been named by BusinessWeek the top outsourcing provider in Russian and Eastern Europe and was ranked as the number one IT services company on the Rising Star list in the IAOP’s Global Outsourcing 100. The company is a software developer and IT services exporter in Eastern Europe that was founded in 2000.

Blogged By: Computer Consulting Kit