New York, NY, May 3, 2016 -- Luxoft Holding Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, and Horus software GmbH today announced a business partnership to optimize Business Process Management (BPM) and solutions for their respective customers in the financial, telecommunications, automotive and healthcare industries, among others. Horus software is a developer of procedure principles, modeling languages, and operating procedures for analyzing, modeling, simulating and improving business processes.
”We are excited to announce this new partnership that brings together the alignment between Luxoft’s services and Horus’s software,” said Roman Trakhtenberg, Managing Director, Financial Services at Luxoft. “Our partnership will result in immediate time-saving benefits for our customers across the key vertical industries we both serve. This partnership will allow us to expand our BPM portfolio. We will address BPM challenges, such as design automation, contract processing system design, calculation of key performance indicators, and other work flow processes more effectively. It should also reduce the time spent on modeling and simulation processes, thereby resulting in significant cost savings for our clients.”
The goal of business process engineering is not only to create business processes for a company, but also to tap into the knowledge of the entire business community during the design of that process and beyond. Horus’s highly efficiency software provides Luxoft with the appropriate BPM and modeling social software, consulting methods, and diverse analysis tools to make enterprise processes and internal procedures transparent and comprehensible for all of its clients. This belief in efficiency and user-friendly software enables quality improvement and increases collaboration internally and amongst the entire business community.
“The Horus - Luxoft collaboration strides towards a new form of ’Social BPM’ connecting executives to their project teams to achieve the optimal project environment and process optimization,” said COO of Horus software, Dr. Thomas Karle. “We are looking forward to an innovative cooperation and many successful joint projects in our future.”
Based on scientifically founded concepts, Horus‘s simple to use software BPM tools combined with Luxoft’s expertise and innovative mindset will support a continuous agile BPM procedure. This joint BPM partnership will serve to enhance collaborative BPM activities in business communities, as well as across variety of enterprises.
With this partnership, Horus will be authorized to sell and deliver solutions, as well as provide licensed software directly to customers while delivering solutions to analyze, design, build and report on BPM processes, as Luxoft expands its BPM portfolio.
For more information on Luxoft’s business process management capability, please email email@example.com.
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 28 dedicated delivery centers worldwide. It has over 10,500 employees across 32 offices in 17 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com
About Horus software GmbH
Founded in 2009, Horus software GmbH is a privately-held information services company based in Ettlingen, Germany. Horus’s specialties include: Business Process Management, Social BPM, Business Process Engineering, Social Business Process Execution, Business Process Management and SOA. Incorporating the power of knowledge from business communities, innovative software products, proven methods and reusable best practice solutions are the core business principals of Horus software GmbH. To learn more go to: http://www.horus.biz
This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
Luxoft Holding, Inc
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