Moscow, New York, November 15, 2011 – Adding to its strong list of industry accolades, Luxoft, a leading global provider of advanced application and product development services, today announced it has been named Outsourcing Provider of the Year by the National Outsourcing Association. Additionally, the company’s Poland-based Development Center was honored with the Outsourcing Destination of the Year award.

Now in its eighth year, the National Outsourcing Association Awards is firmly established as the annual highlight in the outsourcing industry and attracts more than 500 participants. The program recognizes the efforts of companies and individuals who have demonstrated excellence in the outsourcing field and is combined with the NOA Sourcing Summit, making it a must-attend event for outsourcing professionals across all business sectors.

Luxoft was selected as the Outsourcing Provider of the Year due to its unparalleled technical proficiency, global delivery capability, deep domain expertise, and focus on innovation. The judges felt that Luxoft's submission showed excellent depth in all key areas of successful outsourcing, along with copious good examples of corporate social responsibility across all of its collaborations.

In addition, Luxoft Poland was selected as the Outsourcing Destination of the Year. Luxoft successfully demonstrated the region’s growing potential in the area of application and product development services based on country’s deep pool of highly-skilled IT engineers with multi-language capabilities, strategic location relative to major European cities and the region’s economic strength. The judges felt that the entry from Luxoft was extremely strong and demonstrated that Poland has remained price competitive with the required labor skills.

Following on its commitment to delivering the best mix of resources, expertise and delivery options to customers worldwide, Luxoft opened its Poland operations in 2010. Luxoft Poland specializes in solutions for the finance, travel and logistics industries and currently serves global financial services and large multinational logistics corporations.

The 2011 National Outsourcing Association Award distinction comes on the heels of Luxoft’s selection as Outsourcing Provider of the Year 2011 and Luxoft Ukraine’s recognition as the Outsourcing Destination of the Year by the European Outsourcing Association.

“At Luxoft, we put great focus on evolving our company and services to keep up with the world of rapidly-changing technologies - a world where progress and innovation win. It is a great honor to have our efforts recognized by such an esteemed industry organization as NOA,” said Dmitry Loschinin, President & CEO, Luxoft.

About Luxoft

Luxoft is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international 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, proprietary processes and methodologies, and a choice of engagement models.