Luxoft Named Best Enterprise System Integrator (SI) by Constellation Research

In addition to the award, Luxoft was listed as a Vendor to Watch in a recent Gartner Report for Worldwide IT Services.


NEW YORK--June 6, 2017 - Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has been awarded Best Enterprise SI by Constellation Research and mentioned by Gartner Inc., the world’s leading IT research and advisory company in a recent report.

The Company was named Constellation’s 2016 Best Enterprise SI for its innovation-driven projects in digital transformation. Constellation advises early adopters using disruptive technologies to achieve business model transformation.

“Form must follow function in digital transformation. Once you craft the right digital business models, you’ll need the right digital technologies and partners for success,” said R “Ray” Wang, Chairman and Founder of Constellation Research. “Constellation’s analysts recognized Luxoft as a leader because of how they partnered with their clients and how they delivered on outcomes.”

Additionally, according to the Gartner report, Market Opportunity Map: IT Services, Worldwide, 2016 Update, authored by Dean Blackmore, et al, published by Gartner on May 5, 2017, “Digital business will continue to drive new spending in IT services due to growing demand from organizations to rapidly deliver innovation and create new revenue streams. Organizations are increasingly engaging service providers to help them navigate business and technology complexities, and take advantage of digital opportunities.”

Luxoft was listed as a Vendor to Watch in the Gartner report alongside Accenture, DXC Technology, Cognizant, and Wipro.

“We are pleased to be recognized by both Gartner and Constellation Research,” said Dmitry Loschinin, Luxoft's CEO and President. “We believe these reports highlight our system integration advances as technology adoption is driving operational efficiencies across all our vertical markets. Coupled with our horizontal Centers of Expertise, Luxoft is well positioned to lead our clients’ digital transformation efforts.”

 

About Luxoft

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 34 cities with dedicated delivery centers worldwide. It has over 12,700 employees across 39 cities in 19 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.

Forward-Looking Statements

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, 2016 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
Patrick R. Corcoran, 212-964-9900, ext. 2453
Global Director, External Relations
Press@Luxoft.com