Grid Dynamics Expands Global Footprint with JUXT Acquisition, Strengthening Expertise in Banking and Financial Services
September 27, 2024,San Ramon, Calif., United States : Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces its acquisition of JUXT, a UK-based provider of software engineering services specializing in data-intensive information systems for banking and other financial institutions, with a particular focus on risk platforms, structured notes, equity derivatives, and financial reporting. With this acquisition, Grid Dynamics adds significant expertise and capabilities to better serve enterprise clients in the financial services industry.
Founded in 2013, JUXT is known for delivering complex end-to-end solutions, from design and user experience, to deep functionality and ongoing managed services. Their specializations in mission-critical platforms and products for leading banks and financial institutions make them a strategically important addition to Grid Dynamics, especially as global demand for reliable, scalable, future-proof data solutions continues to grow.
“The acquisition of JUXT helps enable us to accelerate our growth, particularly within the financial services industry,” said Leonard Livschitz, CEO of Grid Dynamics. “JUXT brings a wealth of experience and operational know-how in designing and implementing data-driven infrastructures and solutions for major banks and enterprises. Areas of their expertise include trade life cycle, prime brokerage, and risk management. Their strong leadership team and capabilities align with our strategic goal of delivering exceptional value and engineering quality to our clients. This acquisition also supports our GigaCube growth strategy, by offering clients thought leadership and industry expertise in banking and financial services.”
“We are excited to join Grid Dynamics,” said Jon Pither, CEO of JUXT. “Grid Dynamics’ global reach and engineering excellence extend our service offering, allowing us to provide our clients a broader range of services and locations.”