Monday, November 3, 2014- NEW YORK-- Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announcedthe launch of Geo Viewer, a smart application designed to visualize geophysical and geological data for Oil and Gas exploration and production companies (E&P). The official launch took place at the 84th annual meeting of the Society of Exploration Geophysicists in Denver, Colorado on October 26 – 29, 2014.
Oil and Gas exploration requires collaboration of multiple experts in various fields. The experts often need access to raw, geophysical data. The current software on the market is often too complex and not visually-friendly. Luxoft developed Geo Viewer, a suite of web and mobile applications that provide an extensive set of advanced tools which create graphical representations of exploration data accessible across the enterprise.
The visualization is created using a collection of specific geoscience data. Geo Viewer combines two major oil and gas exploration and production data types – Seismic and Well Log – and visualizes them in various ways resulting in improved operational decision making. With Geo Viewer, Oil and Gas E&P companies, will now have the ability to control the quality of recorded data and optimize their exploration efforts.
In addition to the solution launch, Luxoft’s Energy Practice is continuing to establish itself among the industry associations and the industry conferences. On November 1, 2014 Luxoft became a member of the American Petroleum Institute (API), the leading U.S. trade association representing all aspects the oil and natural gas industry.
“We are excited about the launch of Geo Viewer as we see our solution as a massive improvement of the current software solutions in the market,” said Dmitry Vilchinsky, Luxoft’s Energy and Utilities Practice Director. “We are also excited about our membership with API, as this gives Luxoft the opportunity to network with professionals in the field, better understand the trends and technological challenges, and most importantly grow the Luxoft brand within the industry.”
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.
About American Petroleum Institute
API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 600 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy, delivers $85 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.