Luxoft’s RM235m investment adds value to Penang


Loschinin (left) inking the plaque to commemorate the official opening while Ng (behind him), Lim (second from left), Rashid and Tan look on.

Story by Chan Lilian
Pix by Alissala Thian

LUXOFT Holding Inc has selected Penang as its base to expand its Asia-Pacific presence with the official opening ceremony of Luxoft Malaysia taking place at the majestic Wawasan University on Feb 21.

President and chief executive officer (CEO) Dmitriy Loschinin praised Penang and explained why their company chose to invest here.
“Throughout our cooperation, we have had strong support from Malaysia Digital Economy Corporation Sdn Bhd (MDEC) and investPenang. A great thank you for being understanding of our needs, accommodating, flexible, for being very friendly and really fast turnaround. Very rarely can we meet a local government or agency with that attitude. Very, very rare,” he said.

Luxoft opened its first office in Penang as the company continues to expand its delivery footprint globally.
Their initial focus in Penang includes automotive, finance solutions and IOT (Internet of Things).

Meanwhile, Chief Minister Lim Guan Eng, who officiated the event, said in his speech: “You have a government that is willing to be your partner. We believe in your value, to share your value of freedom, diversity, pursuit of excellence, opportunity and creativity and innovation. I end my speech by saying that you have a friend in the Penang state govenment and MDEC.”

Luxoft Malaysia set up its new Centre of Excellence (CoE) at the Wawasan Open University.
With an investment value of RM235 million in human capital and technology for the first five years, Luxoft Malaysia will be aiming to create more than 500 IT/software development engineers in Penang through its promising automotive software university.
The Luxoft Automotive Software University’s (LASU) three-month programme aims to:
(1)use Luxoft’s best practices for efficient automotive knowledge transfer to locals;
(2)build training frameworks adjusted to local specifics and
(3)develop a source of top-notch engineers experienced in the automotive domain.

Also at the event were Deputy Chief Minister I Datuk Mohd. Rashid Hasnon, Datuk Ng Wan Pheng who is the chief operating officer of MDEC, Tan Teong Khin, managing director of Clarion (Malaysia) Sdn Bhd and others.