Luxoft Holding, Inc., (NYSE:LXFT), a global provider of software development services and innovative IT solutions, acquired Symtavision GmbH, a Braunschweig, Germany -based provider of automotive software tools and consulting services focused on scheduling analysis, architecture optimization, and timing verification.
The amount of the deal was not disclosed.
Led by CEO Marek Jersak, Symtavision provides tools and services for planning, optimizing, and verifying embedded, real-time systems within the modern car. These tools, building on a proprietary intellectual property, focus on Under the Hood (UTH) technology around software integration and timing analysis in the chassis, powertrain, body, and driver assistance domains as well as in-vehicle networking.
The acquisition will allow Luxoft to add Symtavision’s software to its embedded software expertise addressing a need to have UTH systems operating securely in real-time, as well as to manage all under the hood operations by means of the software.
In conjunction with the deal, High-Tech Gründerfonds exited Symtavision.
Luxoft Holding is a provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Its software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. The company develops its solutions and delivers its services from 27 dedicated delivery centers worldwide.
Incorporated in Tortola, British Virgin Islands, with operating headquarters office in Zug, Switzerland, it has over 10,500 employees across 31 offices in 17 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa.