New York & Moscow, January 16, 2007 — As part of its ongoing commitment to participation in key outsourcing industry events around the globe, Luxoft, one of Russia’s leading providers of IT outsourcing services to companies like IBM, Dell, Deutsche Bank, T-Mobile and others, will be front and center at this month’s IAOP and CMP events.

Thought Leadership in Chicago

On January 18, Luxoft USA CEO Lev Saks will speak to the Chicago Chapter of the International Association of Outsourcing Professionals (IAOP) on the unique benefits of Russia as an IT outsourcing destination. BusinessWeek recently hailed Moscow and St. Petersburg as two of the best global outsourcing hubs.

During the panel on the Russian outsourcing market, Saks will highlight advantages of outsourcing to Russia, including the renowned technical excellence of Russian IT programmers and professionals and their ability to handle complex and non-standard outsourcing assignments successfully.

Saks will also talk about the value of achieving high outsourcing vendor employee retention – Luxoft just announced a 94 percent employee retention rate for 2006 – and how it leads to increased engagement stability and quality.

Silver Sponsorship in New York City

On January 31, Luxoft will serve as a Silver Sponsor at the Global Services Conference 2007 being hosted by CMP, IAOP, neoIT, Outsource World and Cyber Media. This year’s event, taking place at the Crown Plaza Hotel in New York City, is focused on helping IT executives determine how to achieve world-class business value from their organizations’ outsourcing engagements.

“Russian IT outsourcing is all about providing the highest technical and business value to our leading global clients,” said Lev Saks CEO of Luxoft USA. “We are delighted to be involved in these top-notch outsourcing industry events so we can continue to help educate our global IT colleagues on Russia’s increasing role in the outsourcing market, particularly in handling complex outsourcing assignments.”

About Luxoft

Luxoft, founded in 2000, is a global software developer and IT services exporter with operations in the US, Canada, UK, Ukraine and Russia. Luxoft has the world’s largest delivery capabilities in Russia and CIS.

Luxoft provides a full range of custom software development services and enjoys long-term relationships with clients including some of the best-known global business leaders, such as Boeing, Deutsche Bank, IBM and Dell. Luxoft also works closely with many mid-size growth companies and independent software vendors (ISVs).

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 offshore Russian development centers in Moscow, St. Petersburg, Dubna and Omsk as well as centers in Kiev and Odessa, Ukraine and Vancouver, Canada.

Luxoft won the National Outsourcing Association’s “Financial Outsourcing Project of the Year 2006” for its work with Deutsche Bank and the company has recently been recognized by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe. Luxoft was also ranked as the top IT services company on the Rising Star list in the IAOP’s Global Outsourcing 100 and was featured in Global Services Magazine’s Global Services 100 which recognizes the world’s most innovative business and technology service providers. Luxoft was also the only IT company to be recognized with a Russia’s Best Employer 2006 awards given by the Russian Chamber of Commerce and other leading Russian employment and business agencies.

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About IAOP

The International Association of Outsourcing Professionals (IAOP) is a global membership-based organization shaping the future of outsourcing as a management practice, as a profession, and as an industry. Its members are line and staff, executives and managers, with the vision and expertise it takes to design, implement, and manage their company’s global corporate ecosystem. This new breed of outsourcing professional enhances their company’s success and their own careers by taking advantage of a wide-array of association services including networking, research, training, and certification.

IAOP was formed in early 2005 by a consortium of leading companies involved in outsourcing as customers, providers, and advisors. Today its global membership includes over 250 organizations from around the world representing a cross-section of industries and functional activities. For more information visit:

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