Grid Dynamics Expands Global Footprint with JUXT Acquisition, Strengthening Expertise in Banking and Financial Services
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) has announced its acquisition of JUXT, a UK-based provider of software engineering services specializing in data-intensive information systems for banking and financial institutions. This strategic move expands Grid Dynamics' global footprint and strengthens its expertise in the financial services sector, particularly within the European market.
JUXT, founded in 2013, is known for delivering complex end-to-end solutions, focusing on risk platforms, structured notes, equity derivatives, and financial reporting. The acquisition aligns with Grid Dynamics' GigaCube growth strategy, enhancing its ability to serve enterprise clients in the financial services industry with reliable, scalable, and future-proof data solutions.
Leonard Livschitz, CEO of Grid Dynamics, emphasized that the acquisition accelerates their growth in the financial services industry and brings valuable experience in designing and implementing data-driven infrastructures for major banks and enterprises.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) ha annunciato l'acquisizione di JUXT, un fornitore di servizi di ingegneria del software con sede nel Regno Unito, specializzato in sistemi informativi ad alta intensità di dati per banche e istituzioni finanziarie. Questa mossa strategica espande la presenza globale di Grid Dynamics e rafforza la sua esperienza nel settore dei servizi finanziari, in particolare nel mercato europeo.
JUXT, fondata nel 2013, è nota per la fornitura di soluzioni complesse end-to-end, con un focus sulle piattaforme di rischio, note strutturate, derivative azionari e reporting finanziario. L'acquisizione è in linea con la strategia di crescita GigaCube di Grid Dynamics, migliorando la sua capacità di servire clienti aziendali nell'industria dei servizi finanziari con soluzioni dati affidabili, scalabili e a prova di futuro.
Leonard Livschitz, CEO di Grid Dynamics, ha sottolineato che l'acquisizione accelera la loro crescita nel settore dei servizi finanziari e porta un'esperienza preziosa nella progettazione e implementazione di infrastrutture basate sui dati per grandi banche e imprese.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) ha anunciado su adquisición de JUXT, un proveedor con sede en el Reino Unido de servicios de ingeniería de software especializado en sistemas de información intensivos en datos para bancos e instituciones financieras. Este movimiento estratégico expande la huella global de Grid Dynamics y fortalece su experiencia en el sector de servicios financieros, particularmente en el mercado europeo.
JUXT, fundada en 2013, es conocida por ofrecer soluciones complejas de extremo a extremo, enfocándose en plataformas de riesgo, notas estructuradas, derivados de acciones y reportes financieros. La adquisición está alineada con la estrategia de crecimiento GigaCube de Grid Dynamics, mejorando su capacidad para atender a clientes empresariales en la industria de servicios financieros con soluciones de datos confiables, escalables y preparadas para el futuro.
Leonard Livschitz, CEO de Grid Dynamics, enfatizó que la adquisición acelera su crecimiento en la industria de servicios financieros y aporta una valiosa experiencia en el diseño e implementación de infraestructuras impulsadas por datos para grandes bancos y empresas.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN)는 영국에 본사를 둔 데이터 집약적 정보 시스템을 전문으로 하는 소프트웨어 엔지니어링 서비스 제공업체 JUXT의 인수를 발표했습니다. 이 전략적 조치는 Grid Dynamics의 글로벌 입지를 확장하고 유럽 시장 내에서 금융 서비스 부문에 대한 전문성을 강화합니다.
2013년에 설립된 JUXT는 복잡한 종합 솔루션을 제공하는 것으로 알려져 있으며, 리스크 플랫폼, 구조화된 노트, 주식 파생상품 및 재무 보고서에 중점을 둡니다. 이 인수는 Grid Dynamics의 GigaCube 성장 전략과 일치하며, 금융 서비스 산업의 기업 고객에게 신뢰할 수 있고 확장 가능하며 미래 지향적인 데이터 솔루션을 제공할 수 있는 능력을 강화합니다.
Leonard Livschitz, Grid Dynamics의 CEO는 이번 인수가 금융 서비스 산업에서의 성장을 가속화하고 주요 은행 및 기업을 위한 데이터 기반 인프라 설계 및 구현에 대한 귀중한 경험을 가져온다고 강조했습니다.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) a annoncé son acquisition de JUXT, un fournisseur britannique de services d'ingénierie logicielle spécialisé dans les systèmes d'information intensifs en données pour les banques et les institutions financières. Ce mouvement stratégique étend l'empreinte mondiale de Grid Dynamics et renforce son expertise dans le secteur des services financiers, en particulier sur le marché européen.
Fondée en 2013, JUXT est connue pour fournir des solutions complexes clés en main, axées sur les plateformes de risque, les notes structurées, les produits dérivés d'actions et le reporting financier. L'acquisition s'aligne sur la stratégie de croissance GigaCube de Grid Dynamics, améliorant sa capacité à servir des clients d'entreprises dans l'industrie des services financiers avec des solutions de données fiables, évolutives et pérennes.
Leonard Livschitz, PDG de Grid Dynamics, a souligné que l'acquisition accélère leur croissance dans l'industrie des services financiers et apporte une expérience précieuse dans la conception et la mise en œuvre d'infrastructures basées sur les données pour de grandes banques et entreprises.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) hat die Übernahme von JUXT angekündigt, einem im Vereinigten Königreich ansässigen Anbieter von Software-Engineering-Dienstleistungen, der auf datenintensive Informationssysteme für Banken und Finanzinstitute spezialisiert ist. Dieser strategische Schritt erweitert die globale Präsenz von Grid Dynamics und stärkt deren Expertise im Sektor der Finanzdienstleistungen, insbesondere im europäischen Markt.
JUXT, gegründet im Jahr 2013, ist bekannt für die Bereitstellung komplexer End-to-End-Lösungen, die sich auf Risikoplattformen, strukturierte Anleihen, Aktienderivate und Finanzberichterstattung konzentrieren. Die Übernahme steht im Einklang mit der Wachstumsstrategie GigaCube von Grid Dynamics und erhöht deren Fähigkeit, Unternehmenskunden in der Finanzdienstleistungsbranche zuverlässige, skalierbare und zukunftssichere Datenlösungen zu bieten.
Leonard Livschitz, CEO von Grid Dynamics, betonte, dass die Übernahme ihr Wachstum in der Finanzdienstleistungsbranche beschleunigt und wertvolle Erfahrungen in der Gestaltung und Implementierung von datengestützten Infrastrukturen für große Banken und Unternehmen mit sich bringt.
- Expansion into the European market, particularly in banking and financial services
- Addition of JUXT's expertise in mission-critical information systems for financial institutions
- Enhancement of Grid Dynamics' portfolio of enterprise clients
- Strengthening of Grid Dynamics' position in complex data solutions
- Alignment with the company's GigaCube growth strategy
- None.
Insights
The acquisition of JUXT by Grid Dynamics is a strategic move that significantly enhances GDYN's position in the financial services sector, particularly in Europe. This deal brings several key benefits:
- Expanded expertise in mission-critical financial systems, including risk platforms and equity derivatives
- Access to JUXT's portfolio of enterprise clients in banking and finance
- Strengthened capabilities in data-intensive solutions, aligning with growing market demand
- Support for Grid Dynamics' GigaCube growth strategy
Financially, while specific figures aren't disclosed, this acquisition is likely to boost GDYN's revenue streams and market share in the lucrative financial services industry. The move also diversifies GDYN's geographical presence, potentially reducing market-specific risks. Investors should monitor for potential synergies and cross-selling opportunities that could drive future growth. However, integration challenges and costs associated with the acquisition should also be considered in the short term.
Grid Dynamics' acquisition of JUXT is a tech-savvy move that significantly bolsters their capabilities in critical areas:
- Full life cycle development of mission-critical information systems
- Expertise in data-intensive infrastructures for financial institutions
- Specialization in trade life cycle, prime brokerage and risk management platforms
This acquisition positions GDYN at the forefront of complex data solutions, particularly in the financial sector where reliability and scalability are paramount. The integration of JUXT's expertise in designing and implementing data-driven infrastructures could lead to innovative product offerings and enhanced service capabilities. For investors, this signals GDYN's commitment to staying ahead in the rapidly evolving tech landscape, potentially leading to increased competitiveness and market share in the high-value financial services technology market.
Key Takeaways:
- The acquisition of JUXT accelerates Grid Dynamics’ growth in the banking and financial services industries, particularly within the European market.
- JUXT’s expertise as a full life cycle developer and operator of mission-critical information systems reinforces Grid Dynamics' go-to-market offering within financial services.
- The deal expands Grid Dynamics’ portfolio of enterprise clients, and reinforces the company's position as a leader in complex data solutions.
Founded in 2013, JUXT is known for delivering complex end-to-end solutions, from design and user experience, to deep functionality and ongoing managed services. Their specializations in mission-critical platforms and products for leading banks and financial institutions make them a strategically important addition to Grid Dynamics, especially as global demand for reliable, scalable, future-proof data solutions continues to grow.
“The acquisition of JUXT helps enable us to accelerate our growth, particularly within the financial services industry,” said Leonard Livschitz, CEO of Grid Dynamics. “JUXT brings a wealth of experience and operational know-how in designing and implementing data-driven infrastructures and solutions for major banks and enterprises. Areas of their expertise include trade life cycle, prime brokerage, and risk management. Their strong leadership team and capabilities align with our strategic goal of delivering exceptional value and engineering quality to our clients. This acquisition also supports our GigaCube growth strategy, by offering clients thought leadership and industry expertise in banking and financial services.”
“We are excited to join Grid Dynamics,” said Jon Pither, CEO of JUXT. “Grid Dynamics’ global reach and engineering excellence extend our service offering, allowing us to provide our clients a broader range of services and locations.”
About Grid Dynamics
Grid Dynamics (NASDAQ: GDYN) is a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services. Fusing technical vision with business acumen, we solve the most pressing technical challenges and enable positive business outcomes for enterprise companies undergoing business transformation. A key differentiator for Grid Dynamics is our 8 years of experience and leadership in enterprise AI, supported by profound expertise and ongoing investment in data, analytics, application modernization, cloud & DevOps, and customer experience. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, quotations and statements regarding the acquisition of JUXT and its expected benefits, our product capabilities, and our company’s future growth including with customers and GigaCube strategy.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Grid Dynamics’ control and are difficult to predict. Factors that may cause such differences include, but are not limited to, factors relating to our ability to achieve the expected benefits of the JUXT acquisition, as well as any factors limiting our product capabilities, the benefits of our products, and our company’s growth strategy.
Grid Dynamics cautions that the foregoing list of factors is not exclusive. Grid Dynamics cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Grid Dynamics does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Further information about factors that could materially affect Grid Dynamics, including its results of operations and financial condition, is set forth under the “Risk Factors” section of the Company’s quarterly report on Form 10-Q filed August 1, 2024, and in other periodic filings Grid Dynamics makes with the SEC.
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Media Contact:
Cary Savas
+1 (650) 523 5000
csavas@griddynamics.com
Source: Grid Dynamics Holdings, Inc.
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