{"id":54716,"date":"2016-07-22T00:31:45","date_gmt":"2016-07-21T22:31:45","guid":{"rendered":"http:\/\/beta.next-finance.net\/investment-banking\/marches-prives\/altran-acquires-lohika-a-software-engineering-services-firm\/"},"modified":"2016-07-22T00:31:45","modified_gmt":"2016-07-21T22:31:45","slug":"altran-acquires-lohika-a-software-engineering-services-firm","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/investment-banking\/marches-prives\/altran-acquires-lohika-a-software-engineering-services-firm\/","title":{"rendered":"Altran acquires Lohika, a software engineering services firm"},"content":{"rendered":"<p><quote>Altran has announced today the acquisition of Lohika, a premier software engineering firm &#8230;<\/p>\n<ul>\n<li>  The USA becomes the second largest region for the Group<\/li>\n<li>  West Coast-based company offers premium software product development through superior offshore delivery model<br \/>\n<\/quote><\/li>\n<\/ul>\n<p>Altran has announced today the acquisition of Lohika, a premier software engineering firm<br \/>\nwhose elite engineering teams help accelerate the development of renowned software and SaaS<br \/>\nproducts from established companies such as Microsoft, Cisco and HP Enterprise, to fast<br \/>\ngrowing start-ups, including AudienceScience, BuzzFeed, Twilio and Okta.<\/p>\n<p>Headquartered in Silicon Valley, Lohika is most active in North America with experienced<br \/>\ndelivery teams in Ukraine and Romania comprising more than 700 employees, most of them<br \/>\nbeing software engineers. <\/p>\n<p>The operation will grow Altran\u2019s revenues in North America by more than 40 % by the end of<br \/>\n2016. It will also make the USA the second largest region for the Group on a revenue basis<br \/>\n(proforma basis, combined with Cambridge Consultants and Synapse\u2019s business in the United<br \/>\nStates).<\/p>\n<p>The acquisition of Lohika will help accelerate the execution of Altran\u2019s Strategic Plan, \u2018Altran<br \/>\n2020. Ignition\u2019 in several critical domains:<\/p>\n<ul>\n<li>  The combination of Lohika with Altran will create a superior value proposition,<br \/>\nenabling the Group to reach a leadership position in software product development on<br \/>\nthe US West Coast, which is the most important engineering and R&#038;D market in the<br \/>\nworld. The acquisition contributes to expanding Altran\u2019s client portfolio via access to<br \/>\ncurrent and future leaders in Silicon Valley\u2019s high-tech ecosystem, thus providing a<br \/>\nnew growth platform in the region. This is in line with the strategic objective of<br \/>\nachieving \u20ac500m in revenue in the US by 2020.<\/li>\n<\/ul>\n<ul>\n<li>  At a time when software is ever more critical to success in an increasingly digital world,<br \/>\nLohika brings unique expertise to software product development, extending the<br \/>\ncurrent capabilities of the Group to include skills and client engagements in mobile,<br \/>\nenterprise systems, big data solutions and cloud computing. <\/li>\n<\/ul>\n<ul>\n<li>  Lohika will expand and diversify Altran\u2019s Industrialized GlobalShore\u00a9 delivery<br \/>\ncapabilities through its global footprint and superior offshore delivery model for the<br \/>\nbenefit of all Altran&#8217;s clients. With the acquisition of Lohika, Altran\u2019s Global Delivery<br \/>\nCenters will reach 4,000 engineers, through additional delivery capabilities in Romania<br \/>\nand new centers in Ukraine, a strong technology hub for software engineering.<\/li>\n<\/ul>\n<p> Commenting on the purchase, Dominique Cerutti, Chairman and CEO of the Altran Group,<br \/>\nstated: \u201c<em>I\u2019m thrilled with this acquisition, which is fully aligned with our Altran 2020. Ignition<br \/>\nstrategic plan. After the acquisitions of Tessella, which has operations in the USA, and of<br \/>\nSynapse a few weeks ago, we take a new step with the integration of Lohika towards positioning<br \/>\nAltran as a leader in software engineering and R&#038;D in North America, a priority market for us.<br \/>\nIn addition, the acquisition of Lohika will enable us to expand and diversify our Industrialized<br \/>\nGlobalShore\u00a9 delivery capabilities. These capabilities will be leveraged across all sectors and<br \/>\ngeographies and will enhance our value proposition in software engineering, which is becoming<br \/>\nprevalent in the R&#038;D space.<\/em>\u201d<\/p>\n<p>Daniel Dargham, President and CEO of Lohika, added: \u201c<em>In our connected world, software has<br \/>\nevolved from disrupting traditional businesses to interconnecting all industries. Altran\u2019s global<br \/>\nleadership in innovative engineering, multi-industry knowledge and advanced software<br \/>\ncapabilities, coupled with Lohika\u2019s diverse software engineering expertise, will place us at the<br \/>\nforefront of the digital transformation of the enterprise. We will be able to extend our services<br \/>\nbeyond our current client base in Silicon Valley, to the entire Altran portfolio.<\/em>\u201d<\/p>\n<p>Founded in 2001, Lohika is privately held and funded by venture investors including Altos<br \/>\nVentures, Draper Richards, and several private investors. The acquisition is expected to be<br \/>\ncompleted in 2016 and is subject to customary closing conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operation will grow Altran\u2019s revenues in North America by more than 40 % by the end of<br \/>\n2016. It will also make the USA the second largest region for the Group on a revenue basis<br \/>\n(proforma basis, combined with Cambridge Consultants and Synapse\u2019s business in the United<br \/>\nStates).<\/p>\n","protected":false},"author":20,"featured_media":54714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1601],"tags":[1671,1888,1437,2082,2035,1702],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/54716"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=54716"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/54716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/54714"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=54716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=54716"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=54716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}