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Software development in Luxembourg is primarily focused on the development of proprietary systems for individual companies or on customization of commercial off-the-shelf (COTS) software.
7.1 Specialization
The software work which does take place in Luxembourg is primarily centered around the financial services industry.
Case in Point
Bisys Group Inc. plans to open offices in Luxembourg to provide back-office services to mutual fund companies. Approximately 60% of all offshore funds are sold through Luxembourg, thus creating a large market for the fund administration tasks. (Source: The American Banker, June 18, 1999)
Case in Point
Captiva Software Corp., the leader in information capture software announced plans to establish a Benelux regional office. "Benelux businesses are among the most technologically aggressive in Europe, and this expansion enables us to supply comprehensive, local service and support." (Source: Business Wire, Inc., June 7, 1999)
