New York and Moscow, May 14, 2009 – Luxoft, a global provider of high-end application and product development services, today announced that the International Association of Outsourcing Professionals (IAOP) has named it to the “Leaders” category of the 2009 Global Outsourcing 100 list.

In addition to being named as the leading IT Service Provider, Luxoft was chosen as one of the top five companies by services offered in product manufacturing and one of the best twenty companies by industry focus in discrete manufacturing.

The Global Outsourcing 100™ is an independently-judged, opt-in ranking of the world’s best outsourcing service providers. Several hundred companies from around the world are judged on criteria such as size, growth, customer references, executive strength, global presence, industry recognitions, certifications and employee management. The Global Outsourcing 100 list serves as a guide to companies looking for world-class outsourcing providers.

“This recognition reflects the hard work and talent of all 3,500 Luxoft employees around the world. At Luxoft we take ownership of our work and focus on adding value. This is the primary reason for the high quality, stability and maturity of Luxoft’s working relationships with its clients and for the continuous year-to-year industry recognition that we have been receiving,” said Dmitry Loschinin, President and CEO of Luxoft.

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

Luxoft, Russia’s largest provider of high-end IT outsourcing services to clients such as Deutsche Bank, IBM, UBS, T-Mobile, and Dell announced today that it is the winner of Frost & Sullivan’s 2007 Global Outsourcing Growth Excellence & Customer Value Leadership Award and a finalist in the Outsourcing Excellence Awards sponsored by Everest Group and Forbes Magazine.

About IAOP
The International Association of outsourcing professionals (IAOP) is the global standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their business. To learn more, visit www.outsourcingprofessional.rog.

About The Global Outsourcing 100™

The Global Outsourcing 100, produced annually by the International Association of Outsourcing Professionals™ (IAOP™), is devoted to featuring the best of today’s leading outsourcing service providers and tomorrow’s rising stars. Along with its publication by IAOP, the list appears each year in FORTUNE® magazine in the special advertising section produced by IAOP. Companies must demonstrate excellence in categories such as size and growth, customer experience, depth and breadth of competencies, and management capabilities. Because of the rigorous application and judging process employed, The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery.