New York and Moscow, July 17, 2007 – Luxoft, Russia’s largest provider of high-end IT outsourcing services to clients such as Deutsche Bank, IBM, UBS, T-Mobile, and Dell, today announced concentration on three strategic areas that will continue to drive the company’s growth and bring increasing business value to clients. These areas include re-organizing Luxoft’s delivery structure around its clients’ businesses by creating vertical industry practices, offering new premium services, and expanding Luxoft’s talent pool globally.
These moves are aimed at keeping the company and its clients ahead of the curve as the IT outsourcing (ITO) market matures, and are a natural evolution of Luxoft’s proven track record for tackling complex software development engagements and creating vertically rich solutions via strong, global teams.
Vertical Centers of Expertise
Already known for its expertise in banking and other verticals, Luxoft is now formalizing its talent pool and delivery structure around industry expertise centers for financial services, aerospace, transportation, education, software, industrial/manufacturing, energy & utilities, media, and telecom.
This new vertical alignment is designed to further provide clients with highly focused teams of developers and relationship managers who speak their business language, bring greater access to subject matter experts, provide a single Luxoft relationship point-of-contact, and deliver an even more productive and efficient outsourcing engagement experience.
Premium Specialty Services
Additionally, Luxoft now offers new, premium services where accessing scarce specialized talent is the primary goal for clients.
These value-added offerings, ranging from Gap Analysis and Architecture Vision, to Security and Quality Assessments, are delivered by top-level Luxoft architects through highly focused consulting projects. Such services provide innovative analysis and problem-solving aimed at improving IT productivity and driving business and technical transformation.
Expanded Resource Pools
The key to Luxoft’s ongoing success has been its fast-growing team of nearly 2,500 top-notch employees and its 92 percent retention rate, which brings clients both value and stability.
To meet the growing demand for its services and address the industry-wide challenge of tight resource markets, Luxoft is increasingly looking to expand its global footprint with new development centers that add more nearshore options for European and North American clients. Romania, Bulgaria, Poland, Latin America, Mexico and others are of particular interest to the company. Luxoft currently has a nearshore delivery office in Vancouver, Canada, which serves US clients and multiple nearshore delivery locations in Russia and Ukraine that support Western Europe.
“We see three key customer demands converging as IT Outsourcing industry further evolves. Clients increasingly want vendors that can handle complex software development and those that bring deep vertical industry expertise. At the same time, their appetite for the volume and proximity of resources continues to grow significantly,” said Dmitry Loschinin, President and CEO of Luxoft. “By increasing our vertical focus, continuing to enhance our standard and premium development services, and looking to new geographies for talent, Luxoft continues to raise the bar on the value, quality and global reach that clients should expect from their high-end IT Outsourcing vendor relationships.”
Luxoft, founded in 2000, is Russia’s largest provider of high-end IT out¬sourcing services with operations in the US, Canada, UK, Ukraine and the world’s largest delivery capabilities in Russia and CIS.
Luxoft works with global enterprises and independent software vendors (ISVs) enjoying long-term relationships with industry leaders such as Deutsche Bank, IBM, UBS, T-Mobile and Dell.
Luxoft's software development processes meet the highest quality standards, and the company was the first in Europe to achieve Level 5 CMMI quality certification. Luxoft runs research and development centers in Moscow, St. Petersburg, Dubna and Omsk in Russia as well as centers in Kiev and Odessa, Ukraine and Vancouver, Canada.
Luxoft is the recipient of the 2007 Frost & Sullivan Global Outsourcing Growth Excellence & Customer Value Leadership Award and was named a finalist for the 2007 Outsourcing Excellence Award sponsored by Everest Group and Forbes Magazine. In addition, Luxoft was dubbed a Rising Star in the 2007 Global Outsourcing 100 from IAOP and was ranked the world's #1 IT Outsourcing Product Engineering Vendor in the 2006 Black Book of Outsourcing.