London & New York & Moscow, February 20, 2007 - Luxoft, one of Russia’s leading providers of IT outsourcing services to companies such as IBM, Dell, Deutsche Bank, T-Mobile and others, today announced its presence at CeBIT, the world’s largest trade fair showcasing digital IT and telecommunications solutions for businesses and consumers. CeBIT takes place in Hannover, Germany on the 15th to 21st March 2007.

As one of Russia’s major players on the global IT stage, Luxoft’s presence at the show dovetails with the fact that Russia is one of the major sponsors at this year’s trade fair. The crux of Russia’s support of CeBIT is the German-Russian IT Summit, which will be opened by President Vladimir Putin and Chancellor Angela Merckel. Luxoft’s CEO, Dmitry Loschinin, will also have a speaking platform at this event, addressing the gathering on Russian/German cooperation in IT markets.

At CeBIT, Luxoft will be exhibiting in hall No 4 and at stand C54. At the stand, Luxoft will demonstrate seven areas of expertise, including: CRM; document management; PLM; 3D gaming; publishing; embedded systems; and LUXproject, an integrated, Web-based solution for supporting and driving the creation and maintenance of software by distributed development teams. In addition, Luxoft will also host educational seminars at the stand to highlight its expertise in CRM, document management and embedded systems.

Dmitry Loschinin comments: "CeBIT is an important venue for Russian companies this year as it allows us to address rapidly growing interest from European customers to utilize Russian IT services. In just the past year, Luxoft's European customer base has doubled. We see it as a very positive indicator of growing European market share and look forward to further expanding it."

"Luxoft has made a significant mark on the industry since its founding and sets the global standard for complex IT outsourcing (ITO)," Loschinin continues. "We have just been recognized as the global number one product engineering vendor in the Black Book of Outsourcing and also just earned the "Best Employer of Russia/Leaders in the Russian Economy" award.

Loschinin further explains that Luxoft has a top quality work force, consistently high employee retention rate at an industry remarkable 94 percent, domain expertise that is second to none and client engagement model that brings clarity, engineering discipline and predictability to outsourcing processes from the very beginning. Loschinin states that "Luxoft is representative of Russian IT business at its best and we look forward to demonstrating our strengths as a company at CeBIT."

About Luxoft

Luxoft, founded in 2000, is a global software developer and IT services exporter with operations in the US, Canada, UK, Ukraine and Russia. Luxoft has the world’s largest delivery capabilities in Russia and CIS.

Luxoft provides a full range of custom software development services and enjoys long-term relationships with clients including some of the best-known global business leaders, such as Boeing, Deutsche Bank, IBM and Dell. Luxoft also works closely with many mid-size growth companies and independent software vendors (ISVs).

Luxoft’s software development processes meet the highest quality standards, and the company was the first in Europe to achieve Level 5 CMMI quality certification. Luxoft runs research and offshore Russian development centers in Moscow, St. Petersburg, Dubna and Omsk as well as centres in Kiev and Odessa, Ukraine and Vancouver, Canada.

Luxoft has been named the world’s number one IT Outsourcing Product Engineering vendor in the 2006 Black Book of Outsourcing. The company won the National Outsourcing Association’s “Financial Outsourcing Project of the Year 2006” award for its work with Deutsche Bank. Luxoft has recently been acknowledged by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe. Luxoft was the only IT company to be recognized with a Russia’s Best Employer 2006 awards given by the Russian Chamber of Commerce and other leading Russian employment and business agencies.

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