Luxoft CEO Inducted into 2010 Outsourcing Hall of Fame

New York, February 16, 2010 — The International Association of Outsourcing Professionals© (IAOP©) has inducted Dmitry Loschinin, president and CEO of Luxoft, into the Outsourcing Hall of Fame. IAOP’s© Outsourcing Hall of Fame is a prestigious award that recognizes individuals for their contributions to the management, practice and industry of outsourcing, as well as their contributions to society through outsourcing.

Including Luxoft, a leading global provider of advanced application and product development services, among such a distinguished group in the outsourcing arena is evidence of the increased importance of Eastern Europe to the industry. The extensive skills, high level of education and technical and language skills available in the region have made Eastern Europe a hot spot for software and application development.

Recipients of the award are selected by IAOP’s Advocacy & Outreach Committee and are inducted into the Hall of Fame at association’s annual conference, The Outsourcing World Summit®. Inductees have proven to demonstrate a level of leadership that not only provides their companies with economic advancement, but contributes positively to community-based economic development, supports socially-directed investments, educates and provides development opportunities to all those impacted by their work.

“To be inducted into the Outsourcing Hall of Fame is a great honor not only for me but for the entire Luxoft team,” said Dmitry A. Loschinin, president and CEO of Luxoft. “By employing some of the finest talent available in the industry, Luxoft has proven to be a valued partner to our clients. This award emphasizes our mission – to provide our clients with the best resources and talent available.”

“Through their management practice and leadership, these individuals and their organizations significantly contribute to business and society at large,” said IAOP Chairman Michael Corbett. “They represent the very best of our industry and we are honored to induct them intothe prestigious Outsourcing Hall of Fame, which is the only one of its kind in the industry.”

About IAOP

The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 100,000 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 www.outsourcingprofessional.org.

About Luxoft

Luxoft, a member of the IBS Group, is an emerging global leader in application and product engineering outsourcing services for enterprise IT organizations and software vendors. Luxoft builds lasting partnerships with its clients, such as Boeing, Deutsche Bank, UBS, Dell, IBM, Sabre and other global leaders, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers global delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, best-of-breed processes and methodologies, and a choice of engagement models.

Luxoft has been awarded the #1 position in the “Emerging European Markets” category of the 2009 “Global Services 100” list. Company is also a recipient of the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank).