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.