Luxoft Holding, which is based on Switzerland, has acquired Insys Group, a consulting provider based in the US. The price was not disclosed.

Luxoft is based in Switzerland, while Insys is based in the US. Luxoft made the purchase to expand its geographical reach, and also to diversify into new verticals. Insys specializes in healthcare, pharmaceuticals, biotech and telecom. The core service offering of INSYS includes advanced predictive analytics, business intelligence and data warehousing, digital marketing, and enterprise information management, complementing the services provided by Luxoft.

Insys Group's clients include Fortune 100 companies in the company's focus verticals. Insys’ sales executives are expected to significantly build out Luxoft’s current sales efforts in North America; and its senior management team that has been growing these Fortune 100 accounts to substantial levels is expected to amplify the capabilities of Luxoft’s current senior management team.

“We are very pleased to welcome Insys Group to Luxoft,” said Luxoft CEO and president Dmitry Loschinin. “There are multiple synergies between the two companies, which we believe should propel both Luxoft and Insys toward their joint goals of healthy growth and expansion at the time when digital transformation is of utmost importance for businesses worldwide. INSYS’s customer base and range of technology solutions are highly complementary to those of Luxoft. Data analytics and predictive modeling is expected to augment significantly our big data and cloud Centers of Expertise. Further, the addition of the expertise and capabilities in the Pivotal open source cloud platform for business-critical applications is anticipated to advance Luxoft’s positioning as an end-to-end solution provider. Lastly, with this acquisition, we are launching a focused effort to expand Luxoft’s presence in the U.S. market and establish a strong sales organization in North America, and we feel confident that Insys is the right partner to help us execute on this strategy.”

Michael Friedland, Luxoft’s executive vice president, added: “This acquisition is well aligned with Luxoft’s M&A strategy and furthers our progress in achieving major milestones: diversification into new verticals and markets such as pharmaceuticals and healthcare, which also includes the biotech and medical insurance domains; expansion into the wireless carrier space, deepening Luxoft’s telecom sector expertise; increasing Luxoft’s presence in the U.S. market; and deepening its expertise in the big data, data analytics and predictive analytics space.”

Luxoft