Luxoft Holding, the software development services part of the giant eastern European IBS Group now has a new delivery centre in Sofia, Bulgaria. The drive to recruit skilled IT people seems to be behind this move.
"Demand for Luxoft's engineering services and domain expertise has been steadily increasing. Thus, the current pipeline has prompted us to expand our core presence in Central and Eastern Europe and to continue growing our global delivery model. I am pleased to announce that we have added Sofia, Bulgaria to the list of locations from which we
service our clients," said Dmitry Kushnir, VP Global Delivery Locations at Luxoft.
"We have conducted extensive analysis with respect to this expansion to ensure the new geography is in the best interest of our clients and complementary to our existing delivery center ecosystem. We believe Bulgaria is a very good fit and Sofia, in particular, has a wealth of technical talent."
This new centre becomes its 20th global location for Luxoft and will initially focus on delivering services and solutions for Luxoft's financial services clients, with the introduction of clients from other verticals in the near future. Luxoft plans for this location to be fully operational by March 1 and expects to grow its office by 400 employees within the first two years.
Sofia has already proved itself as a viable IT destination. Leading global players, such as HP, SAP, VMware and Software AG have established their operations in the city. Among many positives this new location brings into Luxoft's model are access to a talent pool of about 30,000 seasoned IT professionals and over 3,000 graduates per annum, an attractive tax regime, robust infrastructure, convenient location, European Union legislation and security environment.