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Luxoft To Become Eastern European Software Outsourcing Leader

Files under: News, Tech
Posted by: Quintura @ 00:53 [23. 07. 08]

The leading Russian outsourcing software company, Luxoft, acquired the leading Romanian telecoms software outsourcing company, ITC Networks, from the company’s management and financial investors. The acquisition shall create a new leader in software service outsourcing in Eastern Europe with more than 3,000 employees and annual run rate of over $150 million. According to business daily [...]

EPAM Raised $50 Million To Acquire Software Developers

Files under: News
Posted by: Quintura @ 14:05 [20. 05. 08]

The private equity groups Renaissance Investment Management and Da Vinci Capital co-led a $50 million investment in EPAM Systems, the largest software development outsourcing services provider in Eastern Europe and Russia. Euroventures of Hungary also participated in the round. The leading Russian investment bank Renaissance Capital acted as a sole advisor on the transaction. EPAM [...]