Two out of five offshore outsourcing customers say lack of innovation from providers is their biggest challenge. But customers need to invest much more to make that happen.

The National Outsourcing Association (NOA) recognise outsourcing services suppliers and end users. Luxoft was named an Outsourcing Service Provider of the Year.

Luxoft is one of the winners of The National Outsourcing Association Awards (NOAAs). The software development company was named an Outsourcing Service Provider of the Year.

Luxoft is one of the biggest movers in the FinTech Ranking. The company climbed 18 positions in 2010-2011 due to opening new development centres in the U.K. and Poland.

Luxoft has announced its new demand management automation platform, DMFusion which enables utility companies, transmission system operators and energy retailers to develop efficient demand management solutions that can modulate power consumption, thus preventing outages, flattening demand and reducing costs.

Luxoft, a member of IBS Group and a leading global provider of advanced application and product development services, recently announced that it has won the Frost & Sullivan 2011 European Telematics and Infotainment Competitive Strategy Innovation Award.

Five companies should be noted for their steep climbs. One of them is Luxoft. The company jumped 18 spots in The FinTech 100.

Luxoft has been included in Software Magazine’s Software 500 ranking of the world’s largest software and service providers. Luxoft was ranked 188th.