LUXOFT Honored As One of the Top Five Companies to Watch in Central and Eastern Europe in Inaugural “Offshore 100” Ranking

Moscow - January 21, 2005 – LUXOFT (www.luxoft.com), Russia’s premier software outsourcing provider, proudly announces its inclusion in the Offshore 100, an exclusive list of the world’s software outsourcing elite.  Conducted jointly by CMP's Managing Offshore and outsourcing advisory and management firm neoIT, the survey honors companies demonstrating leadership, innovation and outstanding performance in information-technology (ITO) and business process outsourcing (BPO).

The Offshore 100 was compiled by a panel of Managing Offshore editors and neoIT specialists who compared and ranked software outsourcing companies from around the world based on their achievements in four evaluation areas: financial, operations, clients and people. Ultimately, neoIT and Managing Offshore assembled the Offshore 100 to aid companies wade through the throng of software outsourcing providers and to assist them with the pivotal task of choosing the right partners. 

”LUXOFT is very pleased to be listed among the industry’s elite companies that comprise the Offshore 100.  Being ranked in the Top Five Companies to Watch in Central and Eastern Europe is recognition of our steadfast commitment to quality and to providing the highest level of services to our customers.  As our company continues to grow and solidify its position as Russia’s premier software outsourcing provider we look forward to annual inclusion in the Offshore 100,” commented Dmitry Loschinin, LUXOFT CEO.

The complete list of companies recognized in the Offshore 100 appears in the January 2005 issue of Managing Offshore and at http://www.theoffshore100.com/

About CMP's Managing Offshore

CMP Media's Managing Offshore (http://www.managingoffshore.com/) is a monthly newsletter for global-sourcing managers. Subscriptions to Managing Offshore include 12 monthly issues plus unlimited access to a library of previous issues, articles in HTML format, and bonus downloads such as exclusive research reports. Managing Offshore also produces the exclusive Managing Offshore Index, an interactive stock listing of 20 of the most influential providers of offshore services

About neoIT

neoIT is the leading offshore advisory and management firm. neoIT focuses exclusively on assisting companies in maximizing their returns from the offshore sourcing of both information technology and business processes on either a project or enterprise wide basis. neoIT solutions deliver results in the form of cost savings, improved governance, reductions in sourcing process time and decreased risks with offshore supplier partnerships or own operations. neoIT's clients for offshore advisory and management include leading Global 5000 firms in financial services, insurance, healthcare, telecommunications, utilities, oil and gas, consumer goods, logistics, retail, entertainment, manufacturing and other industry sectors. For more information, visit http://www.neoit.com/

For further information, please, contact info@luxoft.com