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 that it has been recognized by prominent independent technology research firms.

Gartner Inc., the world’s leading IT research and advisory company, ranked Luxoft 8th in Eurasia on its list of the top 20 business service providers in the banking and securities industry, ranked by 2012 revenue by region.

The report entitled “Market Trends: Banking, Worldwide, 2014” by Vittorio D'Orazio and Rajesh Kandaswamy was published by Gartner on January 8, 2014.

In 2014, Luxoft was mentioned by Forrester Research, Inc. in two of their highly regarded reports, The Forrester Wave™: North American Applications Outsourcing Services, Q1 2014, in the section “Global competition intensified amidst new and consolidated suppliers” as an example of a new player in the market from “alternative geographies.”

Additionally, Luxoft was mentioned in The Forrester Wave™: EMEA Applications Outsourcing Services, Q1 2014 in the section “Offshore suppliers move beyond initial beachheads in an increasingly competitive market” noting our impact in the region. Since its establishment in 2005, Luxoft’s financial services practice has grown to become a significant software co-development force in Eastern Europe, boasting over 2,000 highly qualified employees and over 300 successfully implemented projects. Over the years, global financial institutions continue selecting Luxoft as their partner of choice in creating and enabling innovative technology that financial institutions need to successfully compete in increasingly complex global markets.

Luxoft welcomes these recognitions, considering them to be a testament to its resilient business model and market-leading approach to engineering services and solutions, utilizing deep domain expertise. “We are very glad to see our achievements recognized, and as we move further into 2014 we expect to chart new successes in further strengthening our market position,” said Luxoft CEO and President Dmitry Loschinin. “We are confident that we will continue to expand our global recognition list, building out long-term partnerships with leading companies in the finance, automotive, telecom and other sectors.”

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’s core resources are located in Central and Eastern Europe. Luxoft has 15 delivery centers worldwide, 20 offices and presence in 13 countries, employing over 7,200 people. Luxoft is domiciled in Tortola, British Virgin Islands, has its principal executive office in Zug, Switzerland and is listed on the New York Stock Exchange (LXFT US). For more information, please visit


Luxoft Holding, Inc
Investor Relations:
Alina V. Plaia, 212-964-9900 (ext. 2404)
Vice President
Natalia Loschinina, 212-964-9900 (ext. 2474)
Public Relations:
Ekaterina Beskhizhko, +7 (495) 967 8080 (ext.2963)
PR Manager