ZUG, Switzerland -- September 8, 2017 -- Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has been listed by Gartner Inc., a leading IT research and advisory company, as a Sample Vendor in nine Hype Cycles.
Gartner’s annual Hype Cycles track how a technology or application will evolve over time, providing a source of insight to manage its deployment within the context of specific business goals such as Artificial Intelligence and the Internet of Things. Innovators developing each technology are recognized as a Sample Vendor.
In July and August 2017, Luxoft was recognized in the following categories:
- Hype Cycle for Personal Technologies, 2017 by Brian Blau, published on August 1
- Hype Cycle for Connected Vehicles and Smart Mobility, 2017 by Martin Birkner and Michael Ramsey, published on July 28
- Hype Cycle for Drones and Mobile Robots, 2017 by Gerald Van Hoy & Dale Kutnick, published on July 28
- Hype Cycle for Hybrid Infrastructure Services, 2017 by Christine Tenneson, David Groombridge and Eric Goodness, published on July 26
- Hype Cycle for Managing Operational Technology, 2017 by Kristian Steenstrup, Simon F Jacobson & Denise Rueb, published on July 25
- Hype Cycle for Artificial Intelligence, 2017 by Kenneth F. Brant & Tom Austin, published on July 24
- Hype Cycle for the Internet of Things, 2017 by Alfonso Velosa, W. Roy Schulte & Benoit J. Lheureux, published on July 24
- Hype Cycle for Mobile Device Technologies, 2017 by Tuong Huy Nguyen & Megan Reinhart, published on July 21
- Hype Cycle for Application Services, 2017 by Kris Doering, published on July 20
“From transport to finance, and healthcare to telecoms, our engineers are driving technological innovation across multiple industries,” said Yuri Elkin, Managing Director of Luxoft Digital. “We believe that to be recognized alongside such established companies in both mature and growing markets is testament to the progress we have made as a company in recent years. By integrating mobile devices into cars and enabling machines to extract information from the real world, our work shows we can build industry specific solutions whilst innovating with horizontal technologies.”
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to sel ect only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Luxoft Holding, Inc. (NYSE:LXFT) a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large, multinational corporations predominantly in Europe, North America and Asia Pacific. The Company’s software development services consist of core and mission critical custom software development and support, product engineering, and technology consulting. Its bespoke solutions include technology architecture selection and other consulting, proprietary products and/or standard system software and platforms, as well as implementation and maintenance. Through its services and solutions, the Company helps its clients improve their competitive position by increasing efficiency, optimizing costs, and enabling changes through disruptive digital technologies that enhance end-user experience and shorten time-to-market. The Company develops its solutions and delivers its services fr om 37 dedicated delivery centers worldwide. It has more than 12,800 employees across 42 offices in 21 countries within five continents – North America, Europe, Africa, Asia, and Australia. 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.
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, 2017 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.
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