Moscow, New York, October 21, 2010Luxoft, a leading global provider of advanced application and product development services, today announced that it has been named to the 7th Annual FinTech 100 list and named a finalist in two categories for the National Outsourcing Association’s (NOA) Outsourcing Excellence Awards.

Sponsored annually by American Banker, Bank Technology News and IDC Financial Insights, the FinTech 100 honors the top global financial services technology vendors that have successfully weathered the economic storm. FinTech 100 companies include hardware and software manufacturers as well as technology service providers that are ranked based on calendar year-end revenues and percentage of revenues exclusively attributed to financial services. This is the second year that Luxoft has been honored on the FinTech 100 list, and further demonstrating its growing dominance and excellence as a service provider in the financial services sector.

Additionally, Luxoft has been named a finalist for the “Offshoring Operation of the Year” and “Offshoring Destination of the Year” categories in this year’s NOA Outsourcing Excellence Awards. The awards recognize and reward innovation and achievement by suppliers, users and integrated teams within the outsourcing industry. The 2010 award recipients will be honored during a ceremony on October 21st at the Park Plaza Riverbank in London.

“The FinTech100 and NOA Outsourcing Excellence Award recognitions validate that Luxoft is a strong and trusted application and product development partner,” said Dmitry Loschinin, president & CEO, Luxoft. “Our business domain expertise coupled with ability to deliver innovative, reliable services using our global delivery network gives customers the confidence that their business goals will be met with excellence time and time again.”


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, IBM, Harman, Avaya, Areva, 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 of engagement models.