Nasdaq-listed software development firm Luxoft Holding Inc has expanded into Latin America with the launch of a delivery center in the Mexican city of Guadalajara. The Mexican office will largely serve clients in North America, stated the company headquartered in Zug, Switzerland.
The center in Guadalajara, Mexico’s second biggest city, will serve a wide range of verticals including financial services, aviation, automotive, travel and energy. This is Luxoft’s 17th delivery center and its first in Latin America. The software developer has offices in 14 countries around the globe.
Luxoft says the Guadalajara center will be fully operational by September this year and the company hopes to hire as many as 100 people to staff it over the next 12 months.
“One aspect of Luxoft’s value proposition has been effective nearshore delivery within Europe, more specifically within Western Europe. Our presence in Latin America now should allow us to effectively operate a nearshore model for our clients and potential clients in North America,” said Luxoft’s Vice President for Global Delivery, Dmitry Kushnir.
Founded in April 2000 in Moscow, Russia as a part of IBS Group, Luxoft sells custom software development services for enterprise IT organizations and software vendors.
“We believe Guadalajara is not only a hub for local talent, but serves as a hub for all of Latin America due to its strong infrastructure and security, well-developed industrial parks, and an overall attractive climate and atmosphere,” Luxoft stated.
The software developer said it chose Guadalajara because the city produces 2,000 IT-related graduates per year. The Mexican government has invested heavily in educational infrastructure to encourage more students to graduate in electronics and computer science.
Known as the Mexican Silicon Valley, Guadalajara is home to several global technology giants including HP, IBM, Oracle and TCS.
“We are very excited about this expansion, Latin America is a brand new region for us and it further expands our global footprint. It also significantly diversifies our offering of nearshore locations for our global clients, who place utmost importance on convenience and the logistics of delivery,” said Luxoft President and CEO, Dmitry Loschinin.