Luxoft Executives to Serve as Thought Leaders on Outsourcing and Marketing at Key Industry Events

Global Outsourcing Powerhouse is Silver Sponsor of ROSS 2006

New York City, May 10, 2006 - On the heels of acquiring New York City-based ITCI,  Luxoft - Russia’s leading provider of end-to-end information technology services and solutions -- continues to reinforce its commitment to the global outsourcing industry and business community by sponsoring and speaking at key events in the U.S. and abroad.

On May 11, 2006 Lilia Tsalalikhin, Luxoft’s Vice President of Strategy, will address U.S. and international executives at the  Russian-American Chamber of Commerce on the challenges and opportunities of branding and marketing a Russian Company in the U.S. The event entitled “Sophisticated Business Challenges” will take place in New York City, the new home of Luxoft USA’s headquarters.

Later in the month in Moscow, Luxoft will once again play a key role at ROSS 2006 (Russian Software & Outsourcing Summit) as a Silver Sponsor and speaker. Scheduled from May 31 through June 2, ROSS 2006 will bring together over 500 attendees across corporate, vendor, government, and influencer audiences to share ideas, best practices and opportunities for the Russian software and services outsourcing market which is estimated at $1 billion and growing.

As Chairman of RUSSOFT (The Russian Software Developers Association), which is organizing and hosting ROSS, Dmitry Loschinin, President and CEO of Luxoft, will open up the conference with an address on industry achievements over the past year and insights into where Russian outsourcing is headed next. Luxoft will also sponsor a panel on the legal and compliance considerations for Russian and international outsourcing engagements, and Loschinin will participate in a panel on Offshore Development Centers - sharing Luxoft’s experience in successfully running centers for clients like Deutsche Bank, Boeing, and others.

“This year’s ROSS marks the fifth anniversary of this dynamic event,” said Loschinin. “It’s very exciting to see the momentum that has been built for our market so quickly - with global business leaders now considering Russia and Eastern Europe a top IT outsourcing destination. I look forward to gathering with colleagues and clients at ROSS 2006 to discuss where our growing industry and Luxoft are headed in the next half-decade.”

For information on the Russian-American Chamber of Commerce visit www.russianamericanchamber.org/.

For information on ROSS 2006 visit http://www.soft-outsourcing.com.

About Luxoft

Luxoft is a leading software developer and IT services exporter in Eastern Europe. Founded in 2000 and a member of the IBS Group, Luxoft has operations in the U.S., U.K., Ukraine and Russia

Leveraging a unique, proven offshore engagement model, LUXguide, Luxoft provides a full range of custom software development services on various platforms and technologies. Luxoft enjoys long-term business relationships with clients across IT, Manufacturing, Energy, Aviation, Finance and Government sectors including some of the best-known global leaders, such as Boeing, Deutsche Bank, IBM and Dell. Luxoft also works closely with many mid-size growth companies and independent software vendors (ISVs).

Luxoft’s software development processes meet the highest quality standards, and the company was the first in Europe to achieve Level 5 CMMI quality certification. Luxoft runs research and offshore development centers in Moscow, St. Petersburg, Dubna, Omsk, and Kiev, Ukraine.

Luxoft has recently been recognized by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe, was ranked as the top IT services company on the Rising Star list in the IAOP’s Global Outsourcing 100, and was featured in Global Services Magazine’s Global Services 100 which recognizes the world’s most innovative business and technology service providers.