Luxoft has acquired Excelian, a privately held U.K.-based systems integrator and technology consulting company specializing in trading and risk management software for the financial services and commodities markets. Excelian’s expertise includes implementation of financial software platforms from industry leading providers such as Murex, OpenLink and Calypso. The Company has offices in Western Europe, the U.S., Canada, South Africa and Australia.
Excelian’s customer base is highly complementary to that of Luxoft. It predominantly consists of multinational and regional investment banks, large wholesale banks and commodity traders as well as treasury departments of global enterprises that require complex third party and custom-built trading and risk management platforms. The combination of Excelian’s consulting capabilities and Luxoft’s software engineering services coupled with the deep technical expertise and domain knowledge of both companies will create a “one-stop-shop” for information technology services, including system integration, technical consulting, development, maintenance and support in the financial securities and commodities markets.
Excelian’s flagship partnership is with Murex, a premier provider of integrated trading, risk management and processing solutions for the financial markets, utilities and energy trading sectors. Murex was named a Leader, positioned furthest for Completeness of Vision and Ability to Execute, in Gartner’s 2014 “Magic Quadrant for Trading Platforms,” by David Furlonger and Fabio Chesini, published on December 22, 2014.
Excelian is one of only seven Murex Alliance Partners (the highest tier of Murex’s system integrator partnership program) and one of only two Alliance Partners covering both the EMEA and APAC regions.
There are many synergies to be unlocked through Luxoft’s acquisition of Excelian including the expansion of Luxoft’s Financial Services vertical to cover new specialist applications and other horizontal areas of expertise, cross-selling opportunities to a broader client base, engaging with more world leading technology partners, and an increased nearshore offering in more strategic geographies to complement the current 14 in which Luxoft is already present.