New York, NY, May 4, 2016: Luxoft Holding, Inc (NYSE: LXFT), a leading provider of software development services and innovative IT solutions to a global client base, has announced that Georg Doll, Managing Director of Luxoft’s Automotive Division, has been appointed to the Board of the GENIVI Alliance.
The GENIVI Alliance is a non-profit industry organization that includes global powerhouses in the automotive industry, such as BMW Group, VOLVO, Honda, Jaguar Land Rover, Daimler, John Deere, LG, BOSCH and many others. It gives an utmost commitment to the broad adoption of specified open source in-vehicle infotainment (IVI) software that aligns both, automotive and consumer infotainment cycles. Technical deliverables from the GENIVI Alliance include software components, standard interfaces/APIs, maintenance of a flexible technical architecture and pre-integrated and reusable IVI platform. All of these elements are essential to overcome the IVI challenges faced by automakers today.
With over 20 years of automotive experience, Georg Doll has had the opportunity to participate in the creation of several different automotive alliances, including the GENIVI Alliance in 2008 as a founding member. Doll holds a Diploma in Electronics from the University of Karlsruhe and has worked as a software engineer, system architect and program manager. For the past six years Georg has been managing an automotive software business segment delivering software solutions for IVI systems, Advanced Driver Assistance Systems (ADAS) and transmission control units (TCUs).
“We are pleased to welcome Georg Doll to the Board of the GENIVI Alliance,” said Steve Crumb, executive director of the GENIVI Alliance. “We know Luxoft for its commitment to help automakers deliver the array of functionalities, which consumers are demanding from automotive infotainment systems in modern cars. At the same time, our organisation has known Georg as an executive possessing a wealth of relevant knowledge and expertise. We believe this synergy will help GENIVI to further its mission and continue its leadership in the IVI and connected vehicle space."
“Since its inception, the GENIVI Alliance has demonstrated clear leadership in IVI standardization,” added Georg Doll. “With a strong focus on human machine interface, application and middleware development, Luxoft is ideally suited to participate directly in the GENIVI Alliance’s standardization processes. My appointment as a Board member of the GENIVI Alliance will enable our company to contribute more actively to the future development of the ever-important IVI standards.”
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 28 dedicated delivery centers worldwide. It has over 10,500 employees across 32 offices in 17 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 http://www.luxoft.com.
About GENIVI Alliance
The GENIVI Alliance is a non-profit Alliance focused on developing an open in-vehicle infotainment (IVI) and connectivity platform for the transportation industry. The 140-member Alliance is moving rapidly to deliver the underlying building blocks for secure and robust connectivity, accelerate innovation and development, based on open software for IVI systems and devices that will connect the vehicles of the future. GENIVI is headquartered in San Ramon Calif.
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, 2015 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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