Luxoft awarded “IT Outsourcing Project of the Year” for its partnership with Hotwire Inc.

Moscow, New York, July TBD, 2012 - Luxoft, a global provider of advanced application and product development services, announced today that it has been presented with the IT Outsourcing Project of the Year award for its work with Hotwire Inc. by the European Outsourcing Association (EOA).

The EOA awards honors best practices, innovators and leaders in the outsourcing industry. Luxoft’s work with Hotwire was chosen based on the demonstrated excellence in helping the client-company to meet and exceed its business objectives. Together, Luxoft and Hotwire are working on development of a state-of-the-art back-end system featuring front end, internal portal for salespeople and suppliers, and new CMS.

As a provider of Agile software development services in Eastern Europe since 2004, Luxoft is one of the first European companies to recognize the potential of Agile methodology. Luxoft helped Hotwire to switch its development from traditional waterfall methodology to Agile model and to quickly realize the benefits of Agile without a negative impact on product delivery or the business. As a result of partnering with Luxoft and switching over to Agile development model, Hotwire was able to speed up its time to market, reduce business risks, extend the delivery of business critical features, lower the development costs and increase its car business.

“Luxoft continues to demonstrate strong level of commitment and responsiveness as well as close alignment to our strategy and goals. For over 6 years now Luxoft has been providing us with engineers who offer quality work and innovative ideas. Our success on a Hotwire Car Team is another example where the partnership has helped our business to move to the next level in product development and delivery. We are looking forward to continuing our collaboration and are going to engage additional Luxoft teams in 2012”, said Roman Kaplun, Director of Engineering Services at Hotwire, Inc.

Commenting on EOA Award, Dmitry Loschinin, President & CEO Luxoft said: “This award is a tribute to Hotwire as a partner and to our people, who made this success possible. We look forward to our continued partnership with Hotwire and to many more award-winning projects.”

About Luxoft

Luxoft is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models.

About Hotwire

Hotwire.com is a leading discount travel site with low rates on airline tickets, hotel rooms, rental cars, cruises and vacation packages. Launched in 2000, Hotwire negotiates deep discounts from its travel suppliers to help travelers book unsold airline seats, hotel rooms and rental cars. Hotwire is an award-winning website and operating company of Expedia, Inc. CST# 2053390-50. NST: 20003-0209. For more information, visit http://www.hotwire.com. Hotwire sites operates in 8 countries worldwide: www.hotwire.com, www.hotwire.com/uk, www.hotwire.com/ie, www.hotwire.com/au, www.hotwire.com/nz, www.hotwire.com/se, www.hotwire.com/no and www.hotwire.com/dk. In addition to Hotwire, The Hotwire Group of websites includes: www.hotwire.com, www.travel-ticker.com, www.carrentals.com.