Luxoft Acquires Symtavision to Revamp the Automotive Space
FREMONT, CA: Luxoft, a provider of innovative IT solutions and software development services, has acquired Symtavision, automotive software tools and consulting services solutions for scheduled analysis, architecture optimization and timing verification. The acquisition aims at expanding Luxoft embedded software offerings into a rapidly growing automotive segment.
“We are excited about the tremendous potential Luxoft offers for growing Symtavision solutions for the benefit of our existing and future customers. The increased software dependency in vehicles will require additional levels of computing performance and network communications far exceeding those of established vehicle systems,” says Marek Jersak, CEO, Symtavision.
Luxoft involves human machine interface, infotainment, navigation, autonomous driving features and telematics. It also envisions future demands by connecting with ‘Under The Hood’ focused opportunities and solutions. The platform addresses the critical challenges related to under the hood and back-end system design, development, management and maintenance.
The acquisition helps in enhancing the development of Advanced Driver Assisted Systems (ADAS). Increasing adoption and implementation of advanced driver assistance systems and driver automation creates the demand for tooling and expertise for real-time systems design. The system enables adoption of effective timing design, analysis and verification tools through introduction of new challenges and significantly higher levels of design complexity. Acquiring Symtavision ensures a critical need for UTH systems to operate safely and securely in real time. “We are excited about the synergy between our two organizations. Symtavision’s customer base and range of solutions are highly complementary to those of Luxoft. Their tools and services are deployed at some of the leading premium and volume car manufacturers and Tier-1 suppliers. It is also worth noting that a significant part of their revenue is driven from licenses, which is in line with Luxoft’s strategy,” says Georg Doll, Managing Director, Luxoft.