Company Release - 11/24/2015 3:07 PM ET

NEW YORK--(BUSINESS WIRE)-- 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 once again been recognized by Zinnov Management Consulting, in one of their highly regarded reports, “Global R&D Service Providers (GSPR) Rating 2015,” published in October 2015.

The report listed Luxoft in the leading category of Established in the overall IT Outsourcing matrix taking into consideration, “specialization, research and development practice maturity (depth and breadth of services), innovation and intellectual property, and eco-system linkages.” This is the second consecutive year Luxoft has been listed as an established player in the IT outsourcing space. In addition to the overall ranking, Luxoft’s horizontal and vertical expertise was also recognized.

Further, the report listed Luxoft in the Leadership Zone for Automotive expertise, based on assessments of the Company’s go-to-market strategy, niche capabilities across engineering, embedded and software services, leaderships roles in alliances, solution co-creation with customers, and most importantly practicing a formal culture of innovation. This is the second consecutive year Luxoft has been listed in the Leadership Zone for Automotive expertise.

Finally, the report listed Luxoft in the Execution Zone for Energy and Utilities expertise, based on assessment of the Company’s reusable IP built, niche expertise across two service types, capabilities to deliver as a true partner to the client. The report also listed Luxoft in the leading category of Established in the Embedded Systems matrix using similar assessments as the Company’s overall IT outsourcing ranking.

“We are very pleased for the continued and diverse coverage of both our vertical and horizontal lines of business,” said Luxoft CEO and President Dmitry Loschinin. “Luxoft’s services within the engineering focused areas are resonating amongst the analyst communities, and ultimately end-user communities. We believe this is in response not only to our technological innovation, but also to the consistent end-user interest in industry-focused global providers. It was outstanding to see our Energy and Embedded practices highly recognized for the first time.”

Zinnov’s GSPR 2015 study is an extensive, annual study of the capabilities of R&D and Product Engineering Services providers, and is designed to assist global engineering leaders in making the right decisions in their selection of outsourcing partners from across the world.

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 24 dedicated delivery centers worldwide. It has over 10,000 employees across 27 offices in 15 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

About Zinnov

Zinnov assists clients improve organization efficiency, innovation, and revenue by leveraging global resources and markets. Zinnov offers deep expertise in Engineering, Digital, and Globalization. Zinnov is at the forefront of innovation and thought leadership. Zinnov has over a decade experience in globalization and an understand customer problems and come up with viable solutions. Zinnov assists clients in addressing globalization challenges by offering customers insights, data, and implementation support to address challenges. Zinnov’s in-depth experience is driven by a focus on the engineering and digital practice areas.

Zinnov serves clients in Software, Automotive, Telecom & Networking, Semiconductor, Consumer Electronics, Storage, Healthcare, Banking, Financial Services, and Retail Verticals in US, Europe, Japan, and India. Zinnov was founded in 2002 and is headquartered out of Bangalore. Zinnov has locations in Houston, Silicon Valley, Bangalore, and Gurgaon.

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Luxoft Holding, Inc
Alina V. Plaia, 212-964-9900 ext. 2404
Vice-President, Global Communications
Patrick R. Corcoran, 212-964-9900 ext. 2453
Manager, Public Relations

Source: Luxoft Holding, Inc.