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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

Motorola Solutions to Showcase the Latest in Mission-Critical Innovation at CCW 2019

Business Wire



Reading Time: 2 minutes

Enabling public safety and enterprise organisations to rise to the
challenge with a complete, integrated mission-critical ecosystem

will demonstrate how its advanced, mission-critical
solutions enable public safety and enterprise organisations to overcome
their most complex challenges at Critical
Communications World 2019
(June 18-20, MITEC, Kuala Lumpur,
Malaysia, booth G30).

At CCW 2019, Motorola Solutions will showcase a comprehensive set of
innovations spanning mission-critical communications, command centre
software, video security solutions and managed and support services.

Mission-critical communications are essential to maintaining safety and
security for our communities, from daily operations to extreme events
including disaster recovery. These solutions are essential for the Asia
Pacific region, as evidenced by a United Nations report estimating that
economic losses from natural disasters could reach USD$160
billion annually by 2030
. Organisations also demand new solutions to
augment voice communication with the unprecedented volumes of data and
video available today.

To address this need, Motorola Solutions has brought together a
comprehensive, integrated mission-critical ecosystem of technologies

  • Mission-Critical Communications: including the TLK100
    and LEX
    L11 LTE
    devices that show what is possible over LTE networks and
    the ultra-portable LXN505
    public safety LTE infrastructure system.
  • Command Centre Software: to streamline and simplify daily
    workflows including CommandCentral
    , the world’s only unified, proven, end-to-end public safety
    applications suite.
  • Video Security Solutions: including the latest from Avigilon’s
    video security and analytics portfolio including the H4
    Thermal camera
    with self-learning video analytics.
  • Managed & Support Services: to enable customers to focus on
    their mission while staying ahead of cybersecurity threats.

Having access to the right data enables organisations to make fast and
accurate decisions about where to place their valuable resources, which
work to prioritise and how to prepare for their most challenging
events,” Motorola Solutions corporate vice president, Mike deVente, said.

The mission-critical ecosystem we are demonstrating at CCW draws on our
90 year heritage of innovation and our strong understanding of
customers’ daily operational needs,” he said.

At CCW, commercial customers in the transportation, energy and utilities
segments will also learn how Motorola Solutions’ mission-critical
ecosystem and the innovations in critical communications can be
customised to meet their needs. One recent example of this is Motorola
Solutions’ successful integration work with Siemens to achieve railway
signalling over TETRA networks to European Train Control System (ETCS)
Level 2 standards.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
center software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.


Media Contacts
Damien Batey
Motorola Solutions
Mobile: +61
(0) 428 036 806

Motorola Solutions
Mobile: +65 9755 7025

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Business Wire

Motorola Solutions celebrates 45 years of global innovation in Malaysia

Business Wire



Reading Time: 2 minutes

Mission-critical ecosystem of technologies developed in Penang, taken
to the world

PENANG, Malaysia–(BUSINESS WIRE)–Motorola
 is celebrating 45 years of innovation in Malaysia,
recognising the country’s highly skilled engineering talent and
capability to deliver advanced technologies for customers all over the

Motorola Solutions first established supply chain operations in Penang,
Malaysia in 1974. Today, it develops technologies across its
mission-critical technology ecosystem at the facility.

In 2014 the company opened its ‘Innoplex’ research and development (R&D)
centre in Penang, its largest R&D centre outside of North America.
Equipped with state-of-the-art laboratories and product design and
development capabilities, the centre develops next generation Land
Mobile Radio (LMR), broadband-LTE devices and system solutions for
Motorola Solutions’ customers worldwide.

Leading-edge solutions and services designed and developed in Penang
have been deployed by public safety agencies across the world. This
includes the trusted APX
8000HXE HazLoc radio
 used by fire and rescue teams working in the
presence of chemicals and gases and the WAVE
TLK100 Two-Way Radio
 that enables coverage on nationwide cellular
networks with the ease of two-way radio communication and functionality.

The Innoplex continues to deliver a variety of innovative services
including 24/7 network monitoring, management and guaranteed reliability
for Motorola Solutions’ mission-critical customers.

Malaysia prominent within expanding Asia Pacific talent base

Motorola Solutions’ thriving operations in Malaysia have enabled it to
expand its Penang workforce from 10 software engineers to a team of more
than 1,700 today. These highly-skilled roles include industrial design,
software, electrical, electronics and mechanical engineering.

Penang’s expert teams conduct rigorous compliance testing to meet and
exceed product standards all over the world while continuing the
development of new solutions in partnership with customers.

Motorola Solutions’ rapidly growing software engineering workforce in
Asia Pacific is now approaching 2,000. This includes 160 video analytics
and AI specialists in Vietnam added through the recent acquisition of VaaS and
60 mobile applications developers with Gridstone in

Motorola Solutions continues to evolve its mission-critical ecosystem
of technologies across voice, video security, software and managed
services. Our highly skilled teams in Malaysia play a significant role
in developing these technologies and accelerating their adoption all
over the world,” said John Andersen, deputy managing director of the
Motorola Solutions Penang Operations and Design Centre.

We are proud to have extended our journey to 45 years and look forward
to continuing to take Malaysian innovation to the world,” he said.

Through its charitable arm, the Motorola Solutions Foundation, the
company has provided more than USD $700,000 to support Malaysian
initiatives to advance education and research within STEM-related
fields. This includes the Penang Science Cluster which educates more
than 3,000 students and 300 teachers from 75 schools on design thinking
process, coding and electronics.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
centre software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.


Damien Batey
Motorola Solutions
Mobile: +61 (0) 428 036 806

Michael Lee
Motorola Solutions
Mobile: +65 9755 7025

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Business Wire

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ra Medical Systems, Inc.

Business Wire



Reading Time: 2 minutes

BENSALEM, Pa.–(BUSINESS WIRE)–$RMED #classaction–Law Offices of Howard G. Smith reminds investors of the upcoming August
9, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Ra Medical Systems,
Inc. (“Ra Medical” or the “Company”) (NYSE: RMED)
securities pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with the Company’s September 2018 initial public offering
(“IPO” or the “Offering”).

Investors suffering losses on their Ra Medical investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to

In September 2018, Ra Medical completed its initial public offering
(“IPO”), issuing approximately 4.5 million shares of common stock priced
at $17 per share. On March 14, 2019, the Company revealed that its
fourth quarter 2018 financial results had been negatively impacted by
issues related to the hiring and training of qualified sales personnel
and certain production limitations.

On this news, the Company’s share price fell $2.14 per share, nearly
33%, to close at $4.43 per share on March 15, 2019, thereby injuring
investors. Since the IPO, Ra Medical’s stock has traded as low as $3.40
per share, significantly below the $17 offering price.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company’s
evaluation of sales personnel candidates was inadequate; (2) that the
Company’s training program for sales personnel was inadequate; (3) that,
as a result, the Company could not reasonably assure that its newly
hired sales personnel were adequately experienced; (4) that, as a
result, the Company would suffer a shortage of qualified sales
personnel; (5) that the Company’s manufacturing process could not
reasonably support increased catheter production; (6) that, as a result,
the Company would suffer production delays; and (7) that, as a result of
the foregoing, Defendants’ positive statements about the Company’s
business, operations, and prospects were materially misleading and/or
lacked a reasonable basis.

If you purchased shares of Ra Medical during the Class Period you may
move the Court no later than August 9, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith
Howard G. Smith, Esquire

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