Luxoft Ranked 47th on the List of IAOP’s 100 Global Outsourcing Service Providers

New York, July 31, 2012

Luxoft, a global provider of advanced application and product development services, today announced that it has been included in the “Leaders” category of the 100 Global Outsourcing Providers list, compiled by International Association of Outsourcing Professionals® (IAOP®). Additionally, the company has been included in the following sub-lists: Best 5 leaders – Automotive, Best 20 Leaders – Telecommunications, Best 20 Leaders – R&D Services, Best 10 Companies in Eastern Europe, Best 10 Companies with Employees in Eastern Europe, and Top Climbers from Year to Year.

The 2012 Global Outsourcing 100 and The World's Best Outsourcing Advisors recognizes the world's best outsourcing service providers and advisors. These rankings are based on applications received and evaluated by an independent judging panel organized by IAOP. The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry.

"In today's economy, it is more important than ever for outsourcing end users to be able to easily identify and select the right company for their outsourcing needs," said IAOP Chairman, Michael Corbett. "The Global Outsourcing 100 is essential for companies who are looking for proven leaders and rising stars in the outsourcing industry."

“Luxoft prides itself on its deep domain expertise and successful track record of delivering innovative software engineering services. This is the highest ranking that our company has gotten in the past five years and we are honored that Luxoft’s competencies were recognized by the IAOP judges in so many categories. We will continue delivering the award-winning level of work to our clients in 2012 and in upcoming years,” said Dmitry Loschinin, CEO & President of Luxoft.

About Luxoft

Luxoft is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models.

About IAOP

The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.