BVI Holding signed 3-year contract with UBS

BVI-based software services provider Luxoft Holding, Inc. has signed a three-year agreement with one of its largest customers, UBS. Luxoft will obtain the status of strategic vendor for UBS IT during all the three years; the framework will include business and technology consulting for cost efficient regulatory compliance and innovative digital transformation in the areas of trading, finance, accounting, regulatory and others. The agreement has a minimum target spend of US$300mln or US$100mln a year on average.

According to the comments of UBS CIO Michael Dargan, “Luxoft has been a trusted vendor for UBS for nearly a decade. We are confident in their deep understanding of the financial services industry and end-to-end solution implementation skills and thus Luxoft’s ability to assist us in the global transformation process.”

Luxoft and UBS have been co-operating since 2006 when the BVI holding company contributed to the complex engagements of the Bank as a Change The Business category vendor. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, and private clients in Switzerland.

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