Luxoft Holding Inc (LXFT) - NYSE
  • Mar. 18, 2014, 12:40 PM
    • Yandex (YNDX +7.5%) has acquired KitLocate, an Israeli developer of geolocation, location geo-fencing, and motion detection tech that can be used by mobile apps needing precise data about a user's position and movements. Terms are undisclosed.
    • Yandex argues KitLocate's solution, which relies on statistical analysis, can improve battery life by lowering a phone's dependence on power-draining GPS/GLONASS receivers. The company plans to integrate KitLocate's offerings with its mobile apps/services, and sees localized search results and targeted ads as two potential applications.
    • Yandex is headlining a buy-on-the-news rally among tech stocks with strong Russian/Ukranian exposure, as Vladimir Putin signs a treaty annexing Crimea to Russia. Other gainers: QIWI +7.1%. EPAM +4.9%. LXFT +4%. MBT +3.3%.
    | Mar. 18, 2014, 12:40 PM
Company Description
Luxoft Holding, Inc. operates as a provider of software development services and information technology solutions to a global client base consisting of multinational corporations. The company's services include software development and support, product engineering and testing, and technology... More
Sector: Technology
Industry: Business Software & Services
Country: United States