LUXOFT is the 1st company in the world achieved CMM and CMMI Level 5 at the same time

SEATTLE, WA, - Moscow, Russia - October 14, 2003 - LUXOFT, Russian leading software development and consulting services provider, announces the results of the appraisal according to the requirements of SCAMPI and CBA-IPI. LUXOFT is the first company in the world achieved CMM and CMMI level 5 simultaneously.

Level 5 of the SEI’s CMMI and CMM is the highest possible and newest standard for benchmarking industry's best management and engineering practices. That means that LUXOFT brings the best value to customers by providing better requirement specification, more powerful design evaluation, and enhanced quantitative project management and defect prevention techniques. Risks in such projects performed under the control of QMS (Quality Management System) are predicted and minimized. Having achieved this high status LUXOFT joins the elite club of world’s few companies that have attained this highest rating (seven organization only have declared achievement of level 5 CMMI).

The rating was achieved in a comprehensive appraisal completed at the company's facility in Headquarters in Russia, Moscow. The assessment was conducted by SEI-authorized CBA IPI Lead Assessor and SCAMPI lead Appraiser from ALSTOM Transport. Lead appraiser led the team of LUXOFT internal appraisers through a full appraisal cycle reviewing LUXOFT projects in-depth to confirm the organization’s CMM and CMMI Level 5 achievement. The SEI ratings, developed by Carnegie Mellon University, Pittsburgh, Pa., assist customers in determining reliable and low-risk suppliers of software products and services. SEI maturity ratings are earned through an exhaustive independent evaluation involving analysis and review of a company’s software development capability, processes and products.

"The CMM and CMMI Level 5 rating is an indication of our sustained commitment to deliver maximum value and quality to our customers", said Simon Milman, Quality Director of LUXOFT. "It distinguishes LUXOFT as an organization dedicated to the successful, on-time and on-budget application of information technology to address the strategic business needs of our clients. Transition from Level 4 of CMM to Level 5 of CMMI and CMM allowed us to increase significantly maturity of software development processes in LUXOFT. For our company vitally important that practically all staff was involved in the decision making process. Our employees see CMMI as condensed embodiment of the world best practices in software development”.

“We are proud to be the first company in Europe achieve CMMI level 5. LUXOFT’s example sets the high standard and gives challenge for all software development and system integrator companies in Russia”, – commented Dmitry Loschinin, LUXOFT CEO.

Lead appraiser Mr. Jacques Joubert added: "It is a pleasure to evidence the LUXOFT journey towards CMM and CMMI Level 5. I have not seen better commitment and ability for success. Not too many companies have demonstrated such strong commitment. The processes and systems are very well internalized and provide a strong foundation for continuous process improvement. One of the most impressive achievements is approach to implementation of new technologies leveraging on the best practices of Organization Innovation and Deployment which is kernel of level 5 of CMMI"

About LUXOFT

LUXOFT (http://www.luxoft.com/) is a new generation Russian software services provider serving Fortune 2000 international corporations. The company is a member of the IBS Group, the largest IT holding company in Russia, employing over 2000 professionals and operating in 16 countries worldwide. LUXOFT’s client list includes such market leaders and organizations as Boeing, IBM, Dell, Computer Associates, Citibank, Zurich Insurance, SEB Groupe, the U.S. Department of Energy and others. LUXOFT actively collaborates in terms of applications development with Siemens Business Services and Security First Corp. The company’s quality management system is CMM and CMMI level 5 appraised and certified according to ISO 9001:2000 international standard. LUXOFT, headquartered in Moscow, Russia, operates three offices in the U.S. (Seattle, Atlanta, Washington DC), and has branches throughout Russian regions, and Moscow-based R&D Center.