Luxoft and ITRS partner to deliver advanced monitoring tools to banking and capital markets
Digital strategy and software engineering firm and leading provider of real-time estate monitoring and analytics software join forces in new partnership
London, 22 March 2023 – Luxoft, a DXC Technology Company, and ITRS, the leading provider of real-time estate monitoring and observability software, today announced the launch of a strategic partnership aimed at developing and delivering advanced monitoring tools for banking and capital markets platforms.
Their combined solutions provide a comprehensive view of legacy and cloud-based systems to help banks overcome the challenges of an ever-changing regulatory and technological landscape, enabling clients to mitigate operational risks, enhance resilience and maintain compliance.
The partnership combines Luxoft's vast experience deploying and managing bespoke and third-party applications with ITRS's long-established reputation for developing dynamic solutions that address the complexities of modern IT systems and enable its 4,500 clients worldwide to reclaim visibility and control of their infrastructure and applications. To begin with, the partnership will focus on the Temenos and Murex platforms before expanding into other areas.
Ihyeeddine Elfeki, Luxoft’s Global Head of Trading and Risk Solutions commented, "While working with ITRS on various projects, we realized we share the same vision. Banks need to detect and prevent business service failures before they occur. This requires all layers of their systems to be monitored from base infrastructure up to the application level, including the end-to-end business transaction flow. We’re thrilled that our collaboration will deliver unique business service monitoring capabilities for the most widely used platforms within financial services companies."
Guy Warren, CEO of ITRS added, "In an increasingly complex IT environment, it’s essential the capital markets and banking sectors have access to monitoring solutions that provide end-to-end visibility of transaction and business service performance and Luxoft’s deep domain knowledge and expertise in implementing and managing complex platforms is widely recognized. This partnership will both strengthen our ability to deliver advanced monitoring solutions and extend our market reach, while continuing to provide cutting-edge solutions to our clients."
Luxoft, a DXC Technology Company, is a global banking and capital markets consulting and services provider that offers innovative solutions to clients in various industries, focusing on financial services. Its expertise in operational resiliency, systems monitoring and advanced analytics helps clients improve business operations, increase efficiency and reduce risk. Luxoft has been recognized for significant achievements in the financial services industry in recent years. In 2020, the company was named a "Leader" in the Gartner Magic Quadrant for Application Services in the Banking and Financial Services sector. Industry analysts also acknowledge Luxoft as a leading provider of digital transformation services for financial institutions.
ITRS ensures operational resilience and business performance management for enterprises engaged in transforming their IT estate for a digital future, as well as the ongoing health of their on-premises, cloud-based or hybrid IT estate. By transforming the mass of raw data on performance, resource usage, and cost, ITRS’s solutions can detect and actively prevent problems and maximise cost efficiency, reassuring enterprises that their IT estates are running effectively. With experience in legacy technologies as well as the dynamic environment of cloud-delivery, agile development, and service-based architecture, ITRS’s people and software serve more than 4500 clients across industry markets. As new disruptors, new technologies, and new regulations continue to shape the marketplace and change the expectations of consumers, ITRS offers a best-in-class service and is a source of confidence for the always-on enterprise.