New York, NY, May 5, 2016 – Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced it has been named a Top 10 Outsourcing Service Provider by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company. Luxoft’s inclusion in the ISG Outsourcing Index® is based on data the company submits to ISG each quarter.
For the fifth consecutive quarter, Luxoft was among the leading providers in the Sourcing Market Standouts categories for the Americas and EMEA regions based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2016 Global ISG Outsourcing Index®. Now in its 54th consecutive quarter, the ISG Outsourcing Index® provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
“We’re very excited to have earned our fifth consecutive listing on ISG’s Top 10 Sourcing Standouts list,” said Luxoft President and CEO, Dmitry Loschinin. “As we enter the new financial year, business for Luxoft continues to grow within the North American marketplace and Western Europe. We are seeing solid opportunities within our key verticals – financial services, automotive, and telecommunications, as well as within our Centers of Expertise, such as mobile, cloud, digital experience, Internet of Things, big data / analytics, etc. The results of the ISG Outsourcing Index support these continued industry and technology focused trends.”
“For more than a decade, the ISG Outsourcing Index® has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, levels of industry adoption, geographic prevalence and service provider performance,” said Paul Reynolds, chief research officer of ISG. “Luxoft continues to establish itself as a leading and growing player in the global market for outsourcing services, based on its volume of business in relation to other industry providers.”
About Information Services Group
Information Services Group (ISG) (NASDAQ: III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning. Clients look to ISG for unique insights and innovative solutions for leveraging technology, the deepest data source in the industry, and more than five decades of experience and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 1,000 employees and operates in 21 countries. For additional information, visit www.isg-one.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 more than 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
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
Alina V. Plaia, +1 212-964-9900 ext. 2404
Vice-President, Global Communications
Robin Carley, +1 212-964-9900 ext. 2267
Manager, Public Relations