New York & Moscow, November 7, 2006

      Tomorrow Bill Wood, VP of Engineering for Ping Identity, a market leader in Identity Management technologies, will share the secrets of success in working with Luxoft, one of Russia’s leading providers of end-to-end information technology development services, at the Global Services nCounter Series on Offshore Product Development. At the event, hosted by CMP Media at the San Francisco Ritz Carlton, Mr. Wood’s remarks will focus on Ping and Luxoft’s highly collaborative use of the Agile methodology across development teams in Denver CO and Moscow to speed time to market.

      With a dedicated Agile Excellence Center, Luxoft is a Russian and Eastern European pioneer in leveraging this increasingly popular development methodology, which relies on iterative, incremental work of self-organized and self-managed teams for faster, highly collaborative software development.

      Session participants will hear first-hand from Mr. Woods, how the vendor-client relationship between Ping Identity and Luxoft has evolved over the past 5 years, what best practices have resulted, and how Agile - typically thought to be best suited for in-house development teams - can be leveraged in a distributed team environment.

      Following an extensive global partner search - and after hitting snags with outsourcing players in India and Mexico - Ping chose Luxoft to create a dedicated Offshore Development Center (ODC) in Moscow. Luxoft serves as a fully integrated extension of Ping’s product development and testing teams and provides access to Russia’s best IT talent pool, advanced project methodologies and cutting-edge technology skills.

      “It is always exciting for Luxoft to have a key customer like Ping Identity speak to industry peers about best practices resulting from our relationship,” said Dmitry Loschinin, President and CEO, Luxoft. “This forum should provide particularly interesting insights, however, given that our joint team has successfully employed Agile across geographies and time zones and we can share practical tips on how other companies can have similar success and gain competitive advantage.”

      About Luxoft

      Luxoft, founded in 2000, is a global software developer and IT services exporter with operations in the US, 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 development centers in Moscow, St. Petersburg, Dubna, Omsk, and Kiev, Ukraine.

      Luxoft has recently been recognized by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe, was 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.

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