Ho Chi Minh City; October 29, 2008 — Luxoft, a global provider of high-end application and product development services, today announced that they have recently granted scholarships to students at two leading universities in Ho Chi Minh City, the Information Technology Faculty at the HCMC University of Agriculture and Forestry and the HCMC University of Natural Science.

Ten students at each university were awarded scholarships based on their coursework and demonstrated excellence in the field of Computer Science. Developing close relationships with leading universities in Ho Chi Minh City is an important factor in enabling Luxoft to achieve its goal of attracting, training and employing the world’s best talent. These scholarships demonstrate Luxoft’s dedication to fostering growth of IT talent across the globe.

“We believe that the growth of our company is not viable without the simultaneous development of the world’s IT industry and continuous development of highly qualified IT resources,” said Cuong La Manh, head of Luxoft in Vietnam. “As a global IT leader, we are dedicated to the development of hi-tech industry and the creation of new IT jobs all over the world.”
In addition to working with universities in Vietnam, Luxoft cooperates with leading Russian and Ukrainian technical education institutions such as Moscow State University, St. Petersburg University of Information Technologies, Mechanics and Optics, National University of Ukraine (KPI), and others. Luxoft is a regular sponsor of the annual ACM International Collegiate Programming Contest.

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, Deutsche Bank, UBS, Dell, IBM, 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 is the recipient of the 2007 Frost & Sullivan Global Outsourcing Growth Excellence & Customer Value Leadership Award, as well as the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank). For more information visit: www.luxoft.com