DC Advisory advised derivIT Solutions on the sale of Luxoft Holding, Inc.

DC Advisory India is pleased to announce that its client derivIT Solutions Pvt. Ltd., a Singapore-based IT services and consulting provider with a unique blend of technology expertise and deep domain knowledge of leading platforms in credit, risk management and capital markets, has entered into a Share Purchase Agreement to be acquired by Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services and innovative IT solutions. DC Advisory India acted as exclusive financial advisor to derivIT on the transaction.

The transaction cements a strong foundation on which Luxoft intends to build its delivery platform in Asia-Pacific to service new and existing high-potential clients. Luxoft sees immediate cross-sell opportunities to be realized between derivIT and Excelian, Luxoft’s Financial Services practice, due to a highly synergistic customer base and deep expertise in financial software platforms.

derivIT was founded in December 2007 to build a consulting-driven firm focused on providing best in class service to the ever-changing and diverse capital markets industry, backed by domain expertise and a proficient team of in-house consultants.

Klaas Oskam, Nishant Malhotra and the DC Advisory India team worked tirelessly for over a year to help identify the right home for our business. They have a deep understanding of the IT services domain especially around financial services. Their dedication, hard work and advisory skills helped us achieve our goals and vision.