Luxoft Named a Top 15 Sourcing Service Provider by ISG
August 4, 2017
August 4, 2017
New York, NY -- August 4, 2017 -- 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 <b>Top 15 Sourcing Standout</b> by Information Services Group (ISG), a leading global technology research and advisory firm.
Luxoft was among the leading providers in The Breakthrough 15 category for the Americas, EMEA, and Asia Pacific regions based on annual contract value (ACV) won over the last 12 months, according to the 2Q 2017 Global ISG Index™.
Now in its 59th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $1 billion and $10 billion) and Breakthrough 15 (revenues of less than $1 billion) categories in the <b>Americas</b>, EMEA and Asia Pacific regions. Each Top 15 category includes providers that compete in the traditional sourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.
“We are very excited to be a part of The Breakthrough 15, particularly for the Americas,” said Roman Trakhtenberg, Global Managing Director and Global Head of Excelian, Luxoft Financial Services. “Our line of business is continuing to pursue all geographies focused on consulting, vendor solutions, and digital transformation. Nevertheless, shortage of quality software development capabilities is quite apparent, especially within North America. We see our service offerings as critical for change the bank directives, anchored in local resources for consulting and nearshore resources for agile-based development.”
“Any company, in any industry, must be also in the business of technology in order to implement all of the improvements that end consumers of today would like to have at their fingertips,” said Eugene Dovgii, Director of Financial Services Account Management for North America. “This is another strain on the enterprises that either have to build massive IT departments of highly qualified individuals or engage in partner-like relationships, such as with Luxoft, for software development capabilities. Our resources across the globe are capable of understanding each geographies’ local interests, and in my case, the United States and Canada, we are able to offer solutions in how they can optimize technology whilst driving business outcomes.”
To learn more about Excelian, Luxoft Financial Services please email, Marketing@Excelian.com
Luxoft’s inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.
“For nearly 15 years, the ISG Index™ has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, 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 digital and engineering services, based on its volume of business in relation to other industry providers.”
ISG (Information Services Group) (NASDAQ: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
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 from 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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