Luxoft, a DXC Technology Company, Completes Acquisition of CMORE Automotive
The Acquisition Builds on Luxoft Capabilities in Data-Driven Development, Testing and Validation of Autonomous Drive/Advanced Driver Assistance Systems
Luxoft, a DXC Technology Company, announced the completion of its acquisition of CMORE Automotive, an independent services provider dedicated to the development and validation of AI-driven mobility systems.
“With CMORE Automotive, Luxoft will extend its spectrum of AD/ADAS initiatives, from enabling customers to amplify their fusion, perception and driving function development, testing and validation capacities to delivering transformative AD/ADAS solutions at scale. I want to welcome the CMORE Automotive team to the DXC family”
Luxoft had announced a definitive agreement to acquire CMORE Automotive on March 5, 2020 and received final regulatory approval on March 24, 2020.
Recommended AI News: The Digital Dollar Project Names 22 New Advisory Group Members
The acquisition builds on Luxoft’s capabilities in data-driven development, testing and validation of Autonomous Drive/Advanced Driver Assistance Systems (AD/ADAS) for Level 3 to Level 5 autonomous functions and strengthens the company’s ability to design and deploy transformative AD/ADAS programs for clients at scale.
“With CMORE Automotive, Luxoft will extend its spectrum of AD/ADAS initiatives, from enabling customers to amplify their fusion, perception and driving function development, testing and validation capacities to delivering transformative AD/ADAS solutions at scale. I want to welcome the CMORE Automotive team to the DXC family,” said Dmitry Loschinin, executive vice president, DXC Technology, and president and chief executive officer, Luxoft.”
Recommended AI News: Factual + Foursquare Announce World’s Most-Powerful Location Engine Pairing
“We are excited to be a part of the DXC family and it’s Autonomous Drive team and looking forward to accelerate customers’ in-car series projects with end-to-end AI-driven development, testing and validation of AD/ADAS solutions at scale.” said Richard Woller, chief executive officer, CMORE Automotive.
Recommended AI News: IBM Releases Novel AI-Powered Technologies To Help Health And Research Community Accelerate The Discovery Of Medical Insights And Treatments For COVID-19
Comments are closed, but trackbacks and pingbacks are open.