DXC Luxoft formerly Excelian

Excelian collaborates with software vendors in its field: Murex, OpenLink and Calypso. The company is one of seven members of the Murex Alliance Partners partner program (the highest status for Murex integrators) and is one of two participants in this program, working simultaneously in the region, which includes the Middle East, Europe and Africa, as well as in the Asia-Pacific region.

Excelian's offices are located in the United States, Canada, Western Europe, South Africa and Australia. Its clients are investment and large wholesale banks, exchange traders and treasury departments of international corporations.

2015: Luxoft acquired the British company Excelian

The Russian offshore developer software Luxoft (part of the group) IBS announced the purchase of the British company Excelian. The acquired structure is engaged in integration and technical consulting in the field of trading and risk management systems for financial and exchange markets.

Luxoft acquires all Excelian shares. A separate agreement provides for the repurchase by Luxoft of previously issued options for the purchase of Excelian shares with their subsequent implementation. In total, the acquisition amount will be £13.1 million ($20.1 million).

In addition, after the transaction, a number of Excelian top managers will be offered shares of this company of a special type. They can be sold by Excelian itself in equal shares once a year for three years. The cost of selling such shares will depend on the revenue and EBITDA (profit before taxes, interest on loans and depreciation costs) that Excelian will demonstrate in 2015-2017.

If the situation begins to develop in a positive way, Excelian can pay its top managers up to £5.5 million ($8.4 million). Thus, the full amount of the transaction to acquire Excelian will reach £18.6 million ($28.5 million).

Luxoft acquired Luxoft Global Operations through its Swiss subsidiary. The buyer's consultant in the deal was Strata Partners, and Excelian consulted Smith & Williamson Corporate Finance.

After combining structures, Luxoft will be able to simultaneously offer technical consulting, system integration, development, support and protection services to its customers.

Synergies from the merger will be achieved through a number of factors, including the expansion of Luxoft's financial products into new areas, cross-sales between the two companies' customer bases and collaboration with a large number of technology leaders.