ALTRAN TECHNOLOGIES : Altran acquires Lohika, a software engineering services firm
(Thomson Reuters ONE) -
Press release
20 July 2016
Acquisition
Altran acquires Lohika, a software engineering services firm
· The USA becomes the second largest region for the Group
· West Coast-based company offers premium software product development
through superior offshore delivery model
Altran has announced today the acquisition of Lohika, a premier software
engineering firm whose elite engineering teams help accelerate the development
of renowned software and SaaS products from established companies such as
Microsoft, Cisco and HP Enterprise, to fast growing start-ups, including
AudienceScience, BuzzFeed, Twilio and Okta.
Headquartered in Silicon Valley, Lohika is most active in North America with
experienced delivery teams in Ukraine and Romania comprising more than 700
employees, most of them being software engineers.
The operation will grow Altran's revenues in North America by more than 40 % by
the end of 2016. It will also make the USA the second largest region for the
Group on a revenue basis (proforma basis, combined with Cambridge Consultants
and Synapse's business in the United States).
The acquisition of Lohika will help accelerate the execution of Altran's
Strategic Plan, 'Altran 2020. Ignition' in several critical domains:
* The combination of Lohika with Altran will create a superior value
proposition, enabling the Group to reach a leadership position in software
product development on the US West Coast, which is the most important
engineering and R&D market in the world. The acquisition contributes to
expanding Altran's client portfolio via access to current and future leaders
in Silicon Valley's high-tech ecosystem, thus providing a new growth
platform in the region. This is in line with the strategic objective of
achieving ?500m in revenue in the US by 2020.
* At a time when software is ever more critical to success in an increasingly
digital world, Lohika brings unique expertise to software product
development, extending the current capabilities of the Group to include
skills and client engagements in mobile, enterprise systems, big data
solutions and cloud computing.
* Lohika will expand and diversify Altran's Industrialized GlobalShore(©)
delivery capabilities through its global footprint and superior offshore
delivery model for the benefit of all Altran's clients. With the acquisition
of Lohika, Altran's Global Delivery Centers will reach 4,000 engineers,
through additional delivery capabilities in Romania and new centers in
Ukraine, a strong technology hub for software engineering.
Commenting on the purchase, Dominique Cerutti, Chairman and CEO of the Altran
Group, stated: "I'm thrilled with this acquisition, which is fully aligned with
our Altran 2020. Ignition strategic plan. After the acquisitions of Tessella,
which has operations in the USA, and of Synapse a few weeks ago, we take a new
step with the integration of Lohika towards positioning Altran as a leader in
software engineering and R&D in North America, a priority market for us. In
addition, the acquisition of Lohika will enable us to expand and diversify our
Industrialized GlobalShore(©) delivery capabilities. These capabilities will be
leveraged across all sectors and geographies and will enhance our value
proposition in software engineering, which is becoming prevalent in the R&D
space."
Daniel Dargham, President and CEO of Lohika, added: "In our connected world,
software has evolved from disrupting traditional businesses to interconnecting
all industries. Altran's global leadership in innovative engineering, multi-
industry knowledge and advanced software capabilities, coupled with Lohika's
diverse software engineering expertise, will place us at the forefront of the
digital transformation of the enterprise. We will be able to extend our services
beyond our current client base in Silicon Valley, to the entire Altran
portfolio."
Founded in 2001, Lohika is privately held and funded by venture investors
including Altos Ventures, Draper Richards, and several private investors. The
acquisition is expected to be completed in 2016 and is subject to customary
closing conditions.
Legal and Financial Information:
Altran advisors:
- Legal: Latham & Watkins
- Financial, Tax and Legal Due Diligence: EY
Lohika advisors:
- Sell-side advisor: Avendus Capital
- Legal: Fenwick & West
About Altran
As a global leader in Engineering and R&D services (ER&D), Altran offers its
clients a new way to innovate by developing the products and services of
tomorrow. Altran works alongside its clients on every link in the value chain of
their project, from conception to industrialization. For over thirty years, the
Group has provided its expertise to key players in the Aerospace, Automotive,
Defence, Energy, Finance, Life Sciences, Railway, and Telecoms sectors, among
others. In 2015, the Altran group generated revenues of ?1.945bn. With a
headcount of more than 26,000 employees, Altran has a presence in more than 20
countries.
www.altran.com
Read all our news on the Altran hub press
Contacts
Altran Group
Olivier Aldrin
Executive Vice-President and CFO
Tel: + 33 (0)1 46 41 71 89
comfi(at)altran.com
Marine Boulot
Group Vice-President Communications
Tel: + 33 (0)1 46 41 71 73
marine.boulot(at)altran.com
Press relations
Shan
Candice Baudet Depierre, directeur conseil
Tel : +33 (0)1 44 50 51 71
candice.baudetdepierre(at)shan.fr
Anne Vernois, directeur associé
Tel : + 33 (0)1 44 50 51 75
anne.vernois(at)shan.fr
Follow-us on Twitter:
(at)Altran #Altran2020
PR Altran Acquisition of Lohika:
http://hugin.info/143397/R/2029815/754883.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ALTRAN TECHNOLOGIES via GlobeNewswire
[HUG#2029815]
Unternehmensinformation / Kurzprofil:
Datum: 21.07.2016 - 00:11 Uhr
Sprache: Deutsch
News-ID 484500
Anzahl Zeichen: 7210
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 285 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ALTRAN TECHNOLOGIES : Altran acquires Lohika, a software engineering services firm"
steht unter der journalistisch-redaktionellen Verantwortung von
ALTRAN TECHNOLOGIES (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
