New York and Moscow, March 7, 2007 – Luxoft, Russia’s largest provider of high-end IT outsourcing services to clients such as Boeing, Deutsche Bank, IBM, UBS, T-Mobile and Dell, today announced that it will speak and sponsor at two upcoming key industry forums, the Gartner Outsourcing Summit 2007 and SD West. Luxoft previously announced its presence at this month’s CeBIT, the world’s largest trade fair showcasing digital IT and telecommunications solutions for businesses and consumers. Luxoft’s participation in these events is designed to reach key decision-makers and to showcase the company’s growing industry expertise level

The Gartner Outsourcing Summit, to be held in Dallas on March 19-21, is an important forum for business management on best practices for successful nearshore and offshore sourcing. Financial industry expert and CEO of Luxoft USA, Lev Saks will host a boardroom session focusing on Russian developers’ unique ability to successfully manage complex development projects in sourced-team environments. He will demonstrate Luxoft’s strong track record in high-end outsourcing services and program management by sharing how Luxoft and Deutsche Bank have worked together closely to create Client First, the award-winning global CRM solution.

As a sponsor of the show, Luxoft will also participate in the Gartner Outsourcing Summit exhibition at Booth #K. At a previous Gartner Global Sourcing Summit, Luxoft was selected as a finalist for three out of four “Best of Global Sourcing Summit Awards” in Innovation, Vendor/Client Collaboration and Solutions Delivery.

Meanwhile, at SD West, to be held March 19-23 in Santa Clara, Stephen Michaud, head of development for Luxoft’s recently established Canadian office, will discuss how to work successfully in distributed environments and mitigate risk using sound Agile development practices. Issues covered will include building team communication and trust, establishing and tracking metrics, creating solid project management, and anticipating, creating and maintaining documentation. Now celebrating its 20th anniversary, SD West is considered to be the “must-attend event” for Silicon Valley's leading developers.

Luxoft has been a leader in driving the use of Agile in distributed development environments, a departure from Agile’s traditional use within in-house development teams. As part of his remarks, Michaud will also speak to the successful collaboration between Luxoft and security client Ping Identity.

“With Russia continuing to grow its strong presence in the global outsourcing arena, we feel the Gartner Outsourcing Summit and SD West are ideal opportunities to furthering the discussion on how the expertise and approach of Russian developers truly differentiates them from other global resources," said Lev Saks, CEO, Luxoft USA. "We believe that Russia is uniquely equipped to deliver high-end IT outsourcing engagements that bring exceptional business results and deliver one of the global sourcing industry's highest return on investment.”

About Luxoft

Luxoft, founded in 2000, is Russia’s largest provider of high-end IT out­sourcing 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 Boeing, 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 was named the world's #1 IT Outsourcing Product Engineering vendor in the 2006 Black Book of Outsourcing and won the National Outsourcing Association's "Financial Outsourcing Project of the Year 2006" award. The company has also been recently recognized by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe and was 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.