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Luxoft Holding acquires Seattle-based design, innovation agency

Switzerland-based Luxoft Holding Inc, a global IT service provider, has completed the acquisition of Seattle-based Smashing Ideas Inc., a design and innovation agency.

Luxoft bought Smashing Ideas from Penguin Random House LLC, which has owned the company since 2011.

GP Bullhound acted as the exclusive financial adviser for Penguin Random House and Smashing Ideas.