Grid Dynamics Holdings, Inc. announced its acquisition of JUXT, a UK-based provider of software engineering services. JUXT specializes in data-intensive information systems for banking and financial institutions, with a focus on risk platforms, structured notes, equity derivatives, and financial reporting.
This strategic move adds significant expertise and capabilities to Grid Dynamics, enabling it to better serve enterprise clients in the financial services industry. JUXT's capabilities in mission-critical platforms and products for major banks are a strategically important addition.
The acquisition supports Grid Dynamics' GigaCube growth strategy by offering clients thought leadership and industry expertise in banking and financial services. This expansion is expected to accelerate growth, particularly within the financial services sector.
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