Krakow, Moscow, September 27, 2010 — Luxoft, a leading global provider of advanced application and product development services, today announced the opening of its development center in Poland. The new facility, located in Krakow, will offer a comprehensive mix of application and product development services for large enterprise and product development companies and will specialize in solutions for the travel, automotive and finance industries. Projected for rapid growth in the next two years, the Polish office provides Luxoft with a significant opportunity to better serve its European clientele and strengthens the company’s global delivery network to meet the complex sourcing needs of companies around the globe.

The Poland Center complements Luxoft’s current global development sites and further drives the company’s core culture of innovation, engineering excellence and flexibility. It offers yet another option in delivering optimal cost structure, offshore/onshore capability, efficient communications and processes to existing customers and new customers throughout Europe. Luxoft’s 30% average growth over the past three years, as well as its stellar client retention rates, can be attributed to the constant evolvement of its global delivery capabilities.

Poland was selected as the newest site for Luxoft’s Development Center due to the deep pool of highly-skilled IT engineers with multi-language capabilities, strategic location relative to major European cities and the region’s economic strength. Luxoft is dedicated to offering ongoing training and education programs that further expand technical and industry skills sets; relationship building and client service; as well as multi-language fluency of its Luxoft Poland employees.

“On the heels of the recent UK Development Center announcement, the opening of the new facility in Poland clearly illustrates Luxoft’s ongoing commitment to delivering the best mix of resources, expertise and delivery options to our customers worldwide,” said Dmitry Loschinin, Luxoft President & CEO. “This new development center will leverage the talent provided by this highly regarded city and will only further improve the quality and value customers have come to expect from us.”

The Luxoft Poland office will be headed by Przemyslaw Berendt, who has years of business development, operation start-up, and management experience. Prior to Luxoft, Berendt served as Managing Director at Betware, Warsaw, branch of an international software development company providing systems and games for lottery industry.

About Luxoft

Luxoft, a member of the IBS Group is an emerging global leader in application and product engineering outsourcing services for enterprise IT organizations and software vendors. Luxoft builds lasting partnerships with its clients, such as Boeing, IBM, Harman, Avaya, Areva, Sabre and other global leaders, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers global delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, best-of-breed processes and methodologies, and a choice of engagement models.

Luxoft has been awarded the #1 position in the “Emerging European Markets” category of the 2009 “Global Services 100” list. Company is also a recipient of the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank).