Insys Group

The American company Insys Group founded in 2000 is engaged in providing IT services, specializing in the basic in clients who work at the markets of health care, biotechnologies, pharmaceutics and telecommunications. Services of Insys which include predictive and a business intelligence, digital marketing and management of corporate information resources, Citi, UnitedHealth Group, Mitsubishi UFJ Financial Group, etc. use Novartis, Johnson&Johnson.

2016: Luxoft buys Insys

In July, 2016 the Russian software developer of Luxoft announced Insys purchase, without having disclosed acquisition value.

This purchase well corresponds to M&A-стратегии Luxoft and promotes progress in achievement of main objectives: diversification of business in new verticals and the markets, such as pharmaceutics and health care to which biotechnologies and health insurance also belong; the expansion in the market of wireless communication assuming deepening of examination of Luxoft in a segment of telecommunications; growth of presence in the market of the USA and increase in experience in spheres of Big Data, information analysis and predictive analytics — the executive vice president of Luxoft Michael Friedland noted.

Luxoft buys IT service provider for Insys health care

Luxoft also expects to diversify the business due to purchase of Insys. According to the CEO of Luxoft Dmitry Loshchinin, there is a mass of opportunities for synergy between two companies which should help Luxoft and Insys to follow common goals on strengthening of business in the conditions of digital conversions around the world.

Loshchinin also noted that merger of Insys will help Luxoft to expand the customer base , in particular, for  a customer account in the USA and also to receive the good partner for  business development in this market.^[1]

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