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News » Grid Dynamics acquires JUXT, expands financial services expertise

Grid Dynamics acquires JUXT, expands financial services expertise

Photo from JUXT

CALIFORNIA, UNITED STATES — Grid Dynamics Holdings, Inc., a technology consulting and engineering services provider, has announced its acquisition of JUXT, a UK-based software engineering firm specializing in data-intensive systems for banking and financial institutions.

This strategic move aims to strengthen Grid Dynamics’ position in the financial services industry and expand its global footprint, particularly in the European market.

Terms of the deal remain confidential.

Enhancing capabilities in financial services

The acquisition of JUXT brings significant expertise to Grid Dynamics’ portfolio, particularly in areas crucial to the banking and financial services sector. JUXT’s specializations include:

  • Risk platforms
  • Structured notes
  • Equity derivatives
  • Financial reporting

“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,” said Leonard Livschitz, CEO of Grid Dynamics.

“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.”

Expanding global reach and service offerings

Founded in 2013, JUXT has built a strong reputation for delivering complex end-to-end solutions, from design and user experience to deep functionality and ongoing managed services1. This acquisition aligns with Grid Dynamics’ GigaCube growth strategy, offering clients thought leadership and industry expertise in banking and financial services.

Jon Pither, CEO of JUXT, expressed enthusiasm about the merger: “Grid Dynamics’ global reach and engineering excellence extend our service offering, allowing us to provide our clients a broader range of services and locations.”

Grid Dynamics, founded in 2006, is a provider of technology consulting, platform and product engineering, AI, and digital engagement services. The company has eight years of experience in enterprise AI and is known for its expertise in data, analytics, application modernization, cloud & DevOps, and customer experience

The company’s global presence, with offices across the Americas, Europe, and India, complements JUXT’s UK-based operations, creating a more robust international network.

Impact on the financial services industry

This acquisition comes at a time when global demand for reliable, scalable, and future-proof data solutions continues to grow, especially in the financial sector. The combined expertise of Grid Dynamics and JUXT is expected to deliver enhanced value to enterprise clients in banking and financial services.

Looking ahead

While specific terms of the deal remain confidential, both companies express optimism about the future. The merger is anticipated to accelerate Grid Dynamics’ growth within the financial services industry, leveraging JUXT’s experience with mission-critical platforms and products for leading banks and financial institutions.

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