January, 14, 2005. For the past year and a half a development team from LUXOFT, the leading Russian software developer, has worked together with Deutsche Bank to create Client First, a world-class CRM system. Recently, Banking Technology (www.bankingtech.com), a prominent UK magazine, named Client First a "Highly Recommended" technology for wholesale banking. Banking Technology's panel of judges was most impressed by Client First's cutting-edge functionality and the system's high ROI.

While speaking about the Client First system, Daniel Marovitz, Chief Technology Officer, Global Banking, said, "Deutsche Bank is delighted to have won a Highly Recommended recognition for our Client First application in the recent Banking Technology awards. Client First is a strong success story, as we started this project with a complex set of requirements and a very tight budget and have created a world-class CRM system on time and on budget"

The LUXOFT development team's technical expertise, professional communication skills, and low onsite/offshore resource ratio all greatly contributed to the project's high ROI. Rapid roll out of critical functionality were the direct result of the LUXOFT team's scalability and capability to analyze project needs, prioritize them and plan accordingly. Additionally, LUXOFT analysts are credited with suggesting a number of key application features, such as BlackBerry integration, that make the Client First CRM system very attractive and puts it at the cutting-edge of technology.