Montvale, NJ, Oct., 2005 – Luxoft, Russia’s leading software developer and IT services exporter, today announced that it is a Silver Sponsor of the Gartner Global Sourcing Summit, Nov. 1-3, 2005 in San Diego.

In line with its mission to deliver world-class IT outsourcing services, Luxoft will share its experience in addressing customer compliance and security requirements in its day-to-day outsourcing operations. Luxoft will also present a project case study that demonstrates the usage of agile development techniques and methodologies in the offshore distributed environments.

“For many customers, an outsource providers’ ability to follow strict compliance guidelines is critical, and requires more than signing an NDA,” said Dmitry Loschinin, President and Chief Executive Officer, Luxoft. “Everyone up and down the organization must live and breathe those policies. Yet at the same time, providers must continue to move quickly to meet project goals. That takes an additional level of skills and communications on both the client and the provider.”

The Gartner Sourcing Summit is an exclusive, invitation-only event that brings together senior IT and business executives from Fortune 1000 companies who have a defined need to evaluate sourcing strategies with Gartner analysts and service providers. The summit will offer presentations on topics such as next-generation outsourcing benefits that go beyond simple cost savings and how to deal with the issues of intellectual property, security, increased regulations, and privacy.

Luxoft’s sponsorship at this conference coincides with the launch of company’s new visual identity and marketing campaign, “outsourcing with a new attitude,” that is focused on long-term partnerships, higher value services, and repositioning Luxoft’s services portfolio. Last week the company introduced Luxoft Product Development & Maintenance (PDM), an offering aimed at accelerating time-to-market for independent software vendors (ISVs) and other product development companies. Luxoft PDM is part of LUXOFT’s integrated IT services family, LUXlineTM, which leverages innovative processes, technologies, delivery models and accumulated best practices to delivering outstanding quality results on time and on budget. Luxoft will continue to roll out new targeted offerings.

“The Gartner Sourcing Summit presents Luxoft with a great opportunity to showcase the expertise that our clients like Boeing, Deutsche Bank, IBM, Citigroup, and Dell depend on – expertise that has given us a client retention rate of 90 percent,” said Loschinin.

About Luxoft
Luxoft, a global IT company, is Russia’s leading software developer and IT services exporter. The company, which was founded in 2000 and is a member of the IBS Group, has operations in the US, UK and Russia.

Leveraging a unique, proven offshore engagement model, Luxoft provides a full range of custom software development services for IT solutions on various platforms and technologies. 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. Luxoft enjoys long-term business relationships with clients across IT, Manufacturing, Energy, Aviation, Finance and Government sectors including some of the best-known global Fortune 500 corporations such as Boeing, Deutsche Bank, IBM, Citibank, and Dell. Luxoft also works closely with many mid-size growth companies.

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