Luxoft Buys Radius

(RTTNews) - Luxoft Holding, Inc (LXFT) said Monday that it has bought Radius Inc., a U.S.- based solution provider focused on the growing Internet of Things industry.

Radius delivers modern enterprise solutions across mobile, cloud, data and application programming interface technologies for select Fortune 500 clients to help them capture, manage, and gain value from their growing volume of enterprise data.

The Radius technology team and solution portfolio will bring in-depth technical capability that is complementary to Luxoft's current technology profile. Luxoft will now have the ability to offer specialty expertise around sensor data acquisition, real-time analytics and modern cloud platforms. Further, IoT-related domain knowledge will create enhanced productivity and time-to-market for Luxoft's existing clients in automotive, energy, technology and telecom verticals.