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DXC Technology Completes Acquisition of Leading Digital Innovator Luxoft

Business Wire



Reading Time: 4 minutes

Will Move Quickly to Apply Joint Expertise to Serve Clients and Drive

(NYSE: DXC) today announced the completion of its
acquisition of Luxoft
Holding, Inc, the global digital strategy and software engineering firm.

DXC had announced
a definitive agreement to acquire Luxoft on Jan. 7, 2019, and received
final regulatory approval on June
11, 2019

The acquisition builds on DXC’s unique value proposition as an
end-to-end, mainstream IT and digital services market leader, and
strengthens the company’s ability to design and deploy transformative
digital solutions for clients at scale. The addition of Luxoft will
bring clients new capabilities in digital engineering, additional depth
in key verticals and an expanded portfolio of digital offerings.

“With Luxoft, DXC will cover the full spectrum of business-driven
digital initiatives, from modernizing client legacy IT systems to
delivering transformational digital solutions at scale,” said Mike Lawrie,
DXC’s chairman, president and CEO. “Luxoft’s proven success for global
clients creates new value and benefits for all DXC stakeholders. I want
to welcome the Luxoft team to the DXC family.”

As announced previously, Luxoft will continue to be led by Dmitry Loschinin,
who will report to Lawrie. Luxoft has a 13,000-person workforce that
provides digital strategy consulting and software engineering services
for companies across North America, Europe and the Asia Pacific region.
It will maintain its brand and operate as “A DXC Technology Company.”
Luxoft brings deep expertise in key verticals, including Automotive and
Financial Services, and clients in these areas are expected to benefit

“Joining a leading global innovator in DXC is exciting for our people,
clients and partners,” Loschinin said. “Going forward, it’s the best of
both worlds: DXC provides the scale, resources and market presence,
while Luxoft brings differentiated capabilities and new digital talent.
We expect our shared vision to create new market opportunities, deliver
game-changing innovations and drive DXC’s growth.”

About the Transaction

Luxoft, whose stock had traded on the New York Stock Exchange under the
symbol “LXFT,” is now wholly owned by DXC Technology.

Guggenheim Securities and BofA Merrill Lynch acted as financial advisors
and Latham & Watkins LLP is acting as legal counsel to DXC, with Harney
Westwood & Riegel LP acting as British Virgin Islands counsel to DXC.
Credit Suisse acted as financial advisor and White & Case LLP acted as
legal counsel to Luxoft, with Conyers Dill & Pearman acting as British
Virgin Islands counsel to Luxoft.

About DXC Technology

As the world’s leading independent, end-to-end IT services company, DXC
Technology (NYSE: DXC) leads digital transformations for clients by
modernizing and integrating their mainstream IT, and by deploying
digital solutions at scale to produce better business outcomes. The
company’s technology independence, global talent, and extensive partner
network enable 6,000 private and public-sector clients in 70 countries
to thrive on change. DXC is a recognized leader in corporate
responsibility. For more information, visit
and explore THRIVE,
DXC’s digital destination for changemakers and innovators.

About Luxoft

Luxoft, a DXC
Company, (NYSE: DXC), is a digital strategy and software
engineering firm providing bespoke technology solutions that drive
business change for customers the world over. Luxoft uses technology to
enable business transformation, enhance customer experiences, and boost
operational efficiency through its strategy, consulting, and engineering
services. Luxoft combines a unique blend of engineering excellence and
deep industry expertise, specializing in automotive, financial services,
travel and hospitality, healthcare, life sciences, media and
telecommunications. For more information, please visit

Cautionary Note Regarding Forward-looking Statements

All statements in this communication that do not directly and
exclusively relate to historical facts constitute “forward-looking
statements.” These statements represent DXC’s and/or Luxoft’s
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, many of which are outside DXC’s and/or
Luxoft’s control, and no assurance can be given that the results
described in such statements will be achieved. Many factors could cause
actual results to differ materially from such forward-looking statements
with respect to the transaction announced above including risks relating
to anticipated tax treatment, unforeseen liabilities, future capital
expenditures, inability to achieve expected synergies, loss of revenues,
delay or business disruption caused by difficulties in integrating the
businesses of DXC and Luxoft. For a written description of risk factors
that could cause actual result in DXC’s and/or Luxoft’s business to
differ materially from forward looking statements regarding those
matters, see the section titled “Risk Factors” in DXC’s Annual Report on
Form 10-K for the fiscal year ended March 31, 2019, Luxoft’s most recent
Annual Report on Form 20-F and any updating information in subsequent
SEC filings, as well as the Information Statement furnished by Luxoft on
Form 6-K. Each of DXC and Luxoft disclaims any intention or obligation
to update these forward-looking statements whether as a result of
subsequent event or otherwise, except as required by law.

Additional Information

This communication is being made in respect of the acquisition of Luxoft
by DXC. The transaction has already been approved by the requisite
majority of Luxoft’s shareholders. Luxoft previously furnished an
Information Statement on Form 6-K. HOLDERS OF LUXOFT’S ORDINARY SHARES
Holders of Luxoft’s ordinary shares may obtain a free copy of the
Information Statement that was furnished to the SEC by Luxoft and other
documents filed with or furnished to the SEC by Luxoft at the SEC’s web
site at
Free copies of Luxoft’s most recent Annual Report on Form 20-F, the
Information Statement on Form 6-K, and each other document Luxoft files
with or furnishes to the SEC may also be obtained from Luxoft’s Investor
Relations website.


DXC Technology Contacts:
Rich Adamonis, Corporate Media
Relations, +1 862.228.3481,
Ford, Investor Relations, +1 703.245.9700,
Corcoran, Luxoft Marketing and Communications, +1 631.478.2325,

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Business Wire

John Warren Sells Stake in Lima One Capital

Business Wire



Reading Time: 4 minutes

GREENVILLE, S.C.–(BUSINESS WIRE)–John Warren, founder and chairman of Greenville-based Lima One Capital, has sold his majority ownership stake in the company to current minority partners. Warren founded Lima One in 2011 and has grown the company to more than 300 full and part-time employees around the country.

Under Warren’s leadership at Lima One, the company doubled in growth for four straight years and grew its headquarters in Greenville to more than 160 full-time employees.

“It has been a true honor to lead Lima One Capital. This company is filled with incredible men and women who work hard every day to serve our customers. While it is bittersweet to leave the company, I am proud of everything we have accomplished from right here in Greenville. Lima One has a very bright future ahead of it,” Warren said.

Lima One Capital’s headquarters and leadership team will remain in Greenville. All current jobs located in Greenville will remain in the city.

“Lima One has been a critical part of Greenville’s success over the past ten years. When leaders like John choose to build their headquarters right here in Greenville, it shows other business leaders the benefits of locating their companies in the Upstate,” said Knox White, mayor of Greenville.

Lima One’s CEO Jeff Tennyson, who joined the company in 2018 when Warren ran for governor of South Carolina, said, “While we will miss John day-to-day and the meaningful impact he has had on Lima One’s success, our management team remains fully in place, and we’re well positioned to continue our growth and success. The FixNFlip and rental investor markets continue to expand, and with our innovative products, strong customer experience and great people here in Greenville, Lima One has a terrific future ahead as a national lender.”

In 2014, Lima One was recognized as the Fastest Growing Company in South Carolina and was named as one of the Best Places to Work in South Carolina in 2016. Lima One has raised billions of dollars from institutional investors and is on pace to originate $1.25 billion in 2019.

“It is hard to overstate the positive impact Lima One has had on Greenville and the Upstate. Over the past ten years, Lima One has brought high-quality, high-paying jobs to the city and improved our entire city’s quality of life,” said John Uprichard, founder and CEO of Find Great People, an executive search firm and staffing company based in Greenville. “Lima One and John Warren have been great for our city and our region.”

For the opportunity to interview John Warren, contact Jeff Dezen at or phone 864.233.3776, ext. 11.

About John Warren

Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Prior to founding Lima One, Warren served in the Marine Corps as an infantry officer and deployed twice. Warren and his wife Courtney live with their three children in Greenville. Full biography attached.

About Lima One

Headquartered in Greenville, S.C., Lima One Capital is a specialty mortgage finance company, founded by Marines, that specializes in providing customized real estate loans to real estate investors across the nation. Lima One’s core loan products are Rental30, a 30-year, fixed-rate, fully-amortizing loan for purchasing or refinancing residential rental properties; FixNFlip, a 13-month bridge loan for investors who are buying, renovating, and selling properties; and a Multifamily bridge program for the purchase or refinance of 5+ unit multifamily properties. For more information, visit or contact Robert Neely, Director of Marketing, at 864-248-6066.


Born and raised in Greenville, South Carolina, John Warren is a successful entrepreneur, businessman, and community leader. Warren is the founder and former chairman and CEO of Lima One Capital, a specialty mortgage finance company that is one of the largest lenders for residential real estate investors and homebuilders in the country. Lima One has been recognized as the Fastest Growing Company, one of the Best Places to Work, and the Most Ethical Company in South Carolina. While at Lima One, Warren was also a principal in the largest bulk sale of single-family homes in the country, selling over 1,400 rental properties in Atlanta to Blackstone Group LP (BX) for more than $100M.

Prior to founding Lima One, John served four years on active duty as an infantry officer in the United States Marine Corps. In March of 2006, he deployed with 3rd Battalion, 8th Marines to Ramadi, Iraq where he spent seven months conducting combat operations against insurgent forces. While deployed, he was decorated for “valor” and “heroic achievement” as he “led a counter attack against insurgents attacking Observation Post Virginia.” In total, he led over 300 combat missions and left the Marine Corps with the rank of captain. He speaks regularly on foreign policy, leadership, and entrepreneurship.

In 2018, Warren ran for governor of South Carolina, reaching the runoff in the Republican primary. He ran a positive, solutions-oriented campaign that focused on limited government, reforming broken government systems, and empowering taxpayers.

Warren graduated from Washington and Lee University and later earned a Master of Business Administration from New York University’s Stern School of Business. Warren’s civic involvement includes active membership in Young President’s Organization (YPO). He lives in Greenville with his wife Courtney and three children and is a member of Downtown Presbyterian Church.


Jeff Dezen
864.233.3776, ext. 11

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Business Wire

AM Best’s Zurich Market Briefing to Focus on State of Global Reinsurance Industry

Business Wire



Reading Time: 1 minute

LONDON–(BUSINESS WIRE)–AM Best will host a Reinsurance Market Briefing on Wednesday, 18 September 2019, at the FIFA World Football Museum in Zurich from 10:30 a.m. to 1 p.m. (CEST).

The event will provide a platform for leading AM Best rating analysts to discuss the global reinsurance sector, as well as offer opinions on the drivers of future rating movements among reinsurers. The analysts also will explore the top issues primary companies in Switzerland and across Europe are facing that could have an impact on the reinsurance market. Nick Charteris-Black, managing director, market development – EMEA, Carlos Wong-Fupuy, senior director, and Catherine Thomas, senior director, analytics, will offer their insights at the event. Question and answer sessions are planned, and lunch will be provided. The briefing also will serve as a networking opportunity for attendees.

For more information, and to register for the complimentary event, please visit

AM Best publishes ratings on thousands of insurers and reinsurers in more than 90 countries worldwide. More information about Best’s Credit Ratings and the rating process can be found at AM Best also recently published its special report on the global reinsurance sector. To access a copy of this special report, please visit:

AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit for more information.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.



Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280

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Business Wire

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against ViewRay, Inc.

Business Wire



Reading Time: 1 minute

OKLAHOMA CITY–(BUSINESS WIRE)–#ClassAction–Federman & Sherwood announces that on September 13, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of Ohio against ViewRay, Inc. (NASDAQ: VRAY). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 15, 2019 through August 8, 2019.

To learn how to participate in this action, please visit

Plaintiff seeks to recover damages on behalf of all ViewRay, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, November 12, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Robin Hester


10205 North Pennsylvania Avenue

Oklahoma City, OK 73120

Email to:
Or, visit the firm’s website at


Robin Hester

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