Luxoft Appoints New Managing Director for Telecommunications

NEW YORK--(BUSINESS WIRE)--Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced Maik Lankau has joined the company as Managing Director and Global Head of Business Development for telecommunication services. Mr. Lankau will drive global business development for Luxoft’s telecommunications offerings.

With more than 20 years of extensive international experience in the telecommunications domain, Lankau’s experience can strengthen Luxoft’s position in terms of strategic business opportunities, partnerships, alliances, joint ventures, and licensing agreements, particularly with global service providers, equipment manufactures, and system integrators.

He recently served as Group Vice-President for Danaher's Communications Platform in the network, security, and data center verticals. In this position, Lankau led engagements with major global carriers and network equipment manufacturers with a focus on expanding. Danaher’s role in mature and emerging markets, while simultaneously driving Danaher Communications Platform sales.

Prior to his role at Danaher, Lankau also held executive positions as Global Vice-President for JDS Uniphase Corporation’s Packet Portal Division, Global Senior Vice-President and Chairman for the EMEA region at Allied Telesis, and several executive positions with Spirent Communications, VSS, and Ixia.

“We are pleased that Maik is joining our team, as we continue to diversify and grow our sales organization in line with our Global Upgrade program. The telecommunications industry is going through major changes with SDN and network virtualization trends gaining momentum, and our platform and service portfolio is well adjusted to the new reality,” said Michael Minkevich, Luxoft’s Vice President for Technology Services. “Maik brings over two decades of experience, both from the technical and business domains in telecommunications. Luxoft looks forward to his leadership in expanding our market share as we continue to build scalable, high-quality software-based network solutions and services.”

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT US) 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 18 dedicated delivery centers worldwide. It has over 7,700 employees across 22 offices in 14 countries in North America, Mexico, Western and Eastern Europe, and Asia Pacific. 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.

Contact:

Luxoft Holding, Inc
Alina V. Plaia, 212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com
or
Patrick R. Corcoran, 212-964-9900 ext. 2453
Manager, Public Relations
pcorcoran@luxoft.com