Luxoft acquires derivIT,  Singapore-based IT consultancy and Murex partner

Swiss-based Luxoft Holding, the software development company, has acquired derivIT, a Singapore-based technology and consultancy services firm, which focuses on financial markets clients.

DerivIT has been a partner of Murex, the leading trading and risk systems provider, since 2008, and provides installation and testing services to Murex customers in the APAC region.

Group managing director and global head of Excelian, Luxoft’s financial services division, Roman Trakhtenberg, said: “We are excited to join forces with derivIT and continue to strengthen our foothold in Asia Pacific. The region enjoys ample demand for packaged software to streamline operations and generate operational cost savings for continued investments into innovation and digital transformation.”

“The expansion of our sophisticated engineering workforce, which delivers premium consulting and digital-related services from India, Vietnam, and Malaysia, is expected to significantly improve our ability to effectively cater to large enterprises located in Singapore, Australia, Hong Kong, China, and the Middle East,” said Trakhtenberg.

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