Luxoft Becomes First in Europe to Achieve Highest Rating for the current version of CMMI® for Development

New York & Moscow, February 21, 2008 — Luxoft, global provider of high-end software application and product development services to clients such as Deutsche Bank, IBM, UBS, T-Mobile, and others, today announced that it has become the first of European companies to be appraised at the highest process maturity level of the latest version of the Capability Maturity Model® Integration for Development (CMMI-DEV).

The CMMI-DEV v1.2 Maturity Level 5 appraisal (SCAMPISM class A), performed by an independent SEI-Authorized High Maturity Lead Appraiser, was given to Luxoft’s Aerospace Customer Delivery Center. The center offers high-end application development and maintenance services to world’s leading aerospace manufacture companies.

Maturity Level 5 represents the highest possible rating for CMMI from the Software Engineering Institute (SEI) of Carnegie Melon® University, a process improvement approach aimed at driving best practices in product and service.

“By continually staying on the cutting-edge of process improvement, Luxoft demonstrates its proactive, customer-centric business approach to raise the bar on the quality of the thinking and results we deliver to our clients,” said Dmitry Loschinin, CEO and President of Luxoft. “Breaking into the top performance level of industry standards such as CMMI® is not only a great accomplishment for our talented team. More importantly, achieving significant quality milestones like this is a win for process-oriented clients that develop and maintain mission-critical, highly reliable, software.”

“Luxoft’s Aerospace Customer Deliver Center has demonstrated real understanding of the model intent to manage projects and processes quantitatively” said lead appraiser Christian Hertneck at Anywhere 24 GmbH. “Luxoft’s Aerospace Delivery Center sets itself apart by a broad commitment of the whole team to quality and on-time delivery.”

In addition to achieving this latest leadership position with a v1.2 CMMI ML 5 appraisal, Luxoft was first company in Europe to achieve Maturity Level 5 of CMM® and CMMI v1.1 simultaneously in 2003. Luxoft also adheres to other leading industry-standard certifications including ISO 9001:2000 and ISO 27001:2005.

About Luxoft
Luxoft, founded in 2000, is a global provider of high-end IT application and product development services with operations in the U.S., Canada, U.K., Ukraine and the world’s largest delivery capabilities in Russia and CIS.

Luxoft works with global enterprises and independent software vendors (ISVs), enjoying long-term relationships with industry leaders such as Deutsche Bank, Dell, IBM, UBS, T-Mobile, Alcatel, and Areva.

Luxoft’s comprehensive global delivery model, which spans across variety of delivery locations in Russia, Ukraine, UK, Canada and the US, is designed to offer Luxoft’s clients maximum flexibility in their outsourcing engagements.

Luxoft is the recipient of the 2007 Frost & Sullivan Global Outsourcing Growth Excellence & Customer Value Leadership Award; its long-term client Deutsche Bank recently won an Applied Innovation Award from the IAOP, Wipro, the ITAA and Forbes for a CRM system jointly developed with Luxoft.

Additional information on Luxoft’s CMMI v1.2 Maturity Level 5 appraisal is available at http://sas.sei.cmu.edu/pars/pars_detail.aspx?a=14502