Objective Software GmbH is happy to announce that the company has been acquired by Luxoft Holding, Inc. The publicly traded (NYSE:LXFT) IT service provider is based in Zug, Switzerland and runs operations for hundreds of clients worldwide.
For Objective, this milestone marks the beginning of the next phase of our growth. It’s even more exciting that we’re embarking on this journey in our 20th anniversary year.
In this time, Objective Software has grown significantly. The diversification of our portfolio has helped drive this success; from contracting in the communications sector to working with suppliers we’ve helped to connect businesses across the globe. Most importantly, it was a collaboration with a global OEM to develop its first autonomous driving project in 2006 that has defined our journey. Since then, we’ve become a household name for automotive, IoT and security software solutions.
Joining forces with Luxoft, a company driven by the same technological, cultural and moral values, makes perfect sense for .objective Software. “There is huge potential for Luxoft to grow .objective’s solutions to benefit new and existing customers,” said Objective-CEO Clemens Dannheim. He and his co-CEO Robert Hoffmann embrace the opportunity to successfully strengthen the company’s position as an expert on in the field of automotive software development.
Objective Software joins Luxoft Holding, Inc
“This acquisition reinforces the strong foundation on which our automotive practice has grown in recent years and future-proofs our capabilities,” said Dmitry Loschinin, President, and CEO of Luxoft. “Objective has established a strong footprint with major German OEMs and we believe the synergies between our organizations will allow us to deliver more strategic value to our respective clients. Most importantly, we look forward to working with Objective’s team in the knowledge that they will greatly enhance the power of our existing offering in connected mobility and autonomous drive as we work together to develop the tools that are enabling the mobility revolution.”
Luxoft was founded in 2000 and has since grown to a major player in the field of information technology. They now boast over 12.900 employees across 42 cities in 21 countries on five continents. More information on the company as well as this recent development can be found on their website.