about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»

Luxoft acquires open source software company Pelagicore

Luxoft Holding, a leading provider of software development services and innovative IT solutions to a global client base, announced recently that it has acquired Pelagicore AB, a leader in open source software (OSS) platforms and services for in-vehicle infotainment (IVI) and human machine interface (HMI) development.

2016-09-19 14:45:28

The company serves a number of blue-chip corporations and enjoys industry recognition as thought leaders in the HMI space with deep expertise in open source technologies, the cross-platform user interface (UI) development framework Qt, and in IVI systems. Its product portfolio facilitates richer user experiences (UX) and user interfaces (UI) in line with the next generation of consumer electronics.

Pelagicore has strong relationships with premium automotive OEMs, Tier-1s and silicon vendors. As a co-founder of the newly announced automotive specific Qt Automotive Suite (view press release) and also a GENIVI Board member, Pelagicore's high-level approach to system design is highly complementary to Luxoft's business model in automotive and across other verticals.

"This is a strategic acquisition for Luxoft, solidifying our positioning as a definitive leader and end-to-end provider for IVI and HMI development needs for the global automotive and other Tier-I manufacturers, as companies build the best experience for their customers who are increasingly demanding access to the latest and sophisticated technologies," said Georg Doll, Luxoft Automotive Managing Director. "We welcome Pelagicore to the Luxoft family. We believe that their strong leadership team, core expertise and full stack OSS platform will help take Luxoft's automotive offering to the next level, further strengthening our position as one of the largest independent system integrators for the automotive industry able to deliver on complex, mission critical software development projects for OEMs and Tier-1s worldwide."

Mr. Doll continued: "In addition, we see further applications for the company's expertise and solutions across a wide array of verticals. As digitization is changing the way various smart devices are designed, blurring the border between the physical and digital experience, the combination of Pelagicore's capabilities and Luxoft expertise creates a much broader cross-vertical opportunity for device creation. We see a strong fit between Pelagicore's device creation solutions and expertise and Luxoft's existing embedded and IoT offerings. Pelagicore's success in developing advanced engineering frameworks can enhance the value Luxoft brings to its clients in other verticals including telecom, consumer electronics and medical devices. We expect that the device creation strategy will be developed and deployed under the leadership of Pelagicore's founders Alex Diebald and Mikael Söderberg."

"We are excited about partnering with Luxoft. Jointly, we have a vision of being the leading independent provider or software solutions from silicon to pixel enabling our customers to deploy User Experiences, which we believe are quite simply stunning. Luxoft offers us access to its agile global delivery platform enabling us to execute on large-scale strategic engagements and bring our solutions to a wider market with high quality delivery services," commented Alwin Bakkenes, CEO of Pelagicore. "We also expect our clients to benefit from Luxoft's complementary in-depth expertise in design, instrument cluster, advanced driver assistance systems and autonomous driving, connectivity / internet of things (IoT), telematics, and navigation technologies. We see our combined deep expertise in automotive industry as bridging the gap between automotive and fast moving consumer electronics," Mr. Bakkenes added.

"We are proud that we have been able to support a promising start-up company to become a global leader in the competitive Automotive Infotainment sector. It is now the right time for Pelagicore to become part of Luxoft, a global player which shares Pelagicore's vision and adds scale and complementary competencies," said Christian Zeuchner, Investment Director Fouriertransform AB.

There are 0 comments:

Validation Code

0 Comments  |  13529 Views
Daily Info
New car sales increase by over 20 per cent in Romania in the first quarter

New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data ...

Turkish Opsan leases 5,000 sqm in CTPark Pitesti

Turkish car parts maker Opsan has leased 5,000 square meters of industrial space in CTPark Pitesti, the project developed by CTP.

Around 35 percent of the Romanian roads are covered with stone and soil, statistics show

Romania has made little progress last year in modernizing its infrastructure, official statistics released on Wednesday showing that 35 percent of the roads are covered with s...

Banca Transilvania posts 366 million RON profit in Q1

Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to risin...

Garanti Bank grants 2 million Euro for the development of the Anima clinics network

Garanti Bank recently granted a 9.3 million RON (2 million Euro) investment loan and working capital facility to Anima, part of Medlife Group, for the development of its netwo...





More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.


TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

1 Comment

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...

1 Comment