Luxoft Recognized in Five Gartner Hype Cycles

September 27, 2018


ZUG, Switzerland – September 27, 2018 – Luxoft Holding, Inc (NYSE:LXFT), a global IT service provider, today announced that it has been listed by Gartner Inc., a leading IT research and advisory company, as a Sample Vendor in five Hype Cycles.

Gartner’s annual Hype Cycles track how a technology or application will evolve over time, providing a source of insight that helps manage its deployment within the context of specific business goals. Gartner recognizes innovators developing these technologies and applications as Sample Vendors, listing them in categories such as Artificial Intelligence and Hybrid Infrastructure Services.

Luxoft was recognized in the following 2018 Gartner reports:

  • Hype Cycle for Connected Vehicles and Smart Mobility, 2018 by Michael Ramsey & Carsten Isert, published on July 18 
  • Hype Cycle for Artificial Intelligence, 2018 by Svetlana Sicular & Kenneth Brant, published on July 24 
  • Hype Cycle for Automotive Electronics, 2018 by Masatsune Yamaji, published on July 25 
  • Hype Cycle for Application Services, 2018 by Kris Doering, published on July 26 
  • Hype Cycle for Hybrid Infrastructure Services, 2018by Christine Tenneson, David Groombridge & Eric Goodness, published on August 8

The expansion of Luxoft’s capabilities through its horizontal Digital practice has allowed it to create a large footprint in the innovative technological world of today. The practice, which develops technology solutions for rapidly transforming businesses, applies its services to businesses in competitive industries like healthcare, travel and energy among many others.

“In most cases, keeping pace with your competitors can only be done by adopting digital solutions,” said Sam Mantle, Managing Director of Digital Enterprise at Luxoft. “Technology is making everything faster, with many processes becoming instantaneous. So we provide the technology you need to join the race and outpace your competitors. We believe being recognized by Gartner is proof we are able to follow, develop and successfully implement these vital technology trends.”


Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 12,700 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit

Luxoft’s 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, 2018 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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Media Inquiries

Robert Maccabe
Director, Public Relations
t: +44 (0)20 3828 2346; m:+44 7950 517 836
Twitter: @Luxoft