Luxoft Recognized as a Leading Central and Eastern European Service Provider and a Prominent Player in Engineering Services and Application Development Space

New York, August 25, 2010 – Luxoft, a leading global provider of advanced application and product development services, has been included among the top outsourcing vendors in the 2010 Global Services 100 list. This year Luxoft was included in two new categories, Top Engineering Services Vendors and Top Emerging ADM Vendors, as well as maintained prominence in last year’s categories, Leaders: Central and Eastern Europe and Top Outsourced Product Development Vendors.

The 2010 GS100 list, conducted by Global Services in association with NeoAdvisory, the globalization and sourcing advisory firm, reflects the diversity and expertise of the service provider community. It represents companies that serve mature global customers through advanced global delivery models, have a niche leadership and have demonstrated business excellence. The participants are scored on four primary pillars: management excellence, customer maturity, global delivery maturity and breadth of services portfolio. The GS100 list has become a reliable source for the ITO and BPO buyer community.

“2009 was a tough year for the outsourcing industry. Service providers in the GS100 list are typified by their resilience to weather the economic downturn, the ability to retain market leadership, and the flexibility to play by the changed rules of the industry,” said Ed Nair, editor of Global Services.

“There is a recognition in large companies that outsourcing as a means to reduce costs has had its time; these companies are increasingly looking at service providers being able to make their operations more effective globally and even to transform key areas of their business. The GS100 companies are the ones who are delivering on these fronts and are equipped to demonstrate new forms of value in outsourcing to their clients,” commented Atul Vashistha, Chairman, NeoAdvisory.

“Being included in this list of top tier outsourcing vendors is not only recognition of Luxoft’s determination to provide the most innovative products and services to our clients, but also of our ability to provide more robust services and help our clients realize the full potential of our engagement,” said Dmitry Loschinin, CEO of Luxoft. “As a geographic leader for the second year in a row, and as a key player in the engineering services and application development areas, we are confident in our abilities to stay ahead of the curve and further our growth and advancement in the industry. We will continue to strive for excellence for many years to come.”

Recently, Luxoft opened a new development center in the United Kingdom, expanding its global reach and enabling faster and more efficient product development to new and existing customers in the area. In addition, Luxoft’s CEO was inducted into the Outsourcing Hall of Fame and received the 2010 Russian Business Leader of the Year award.

About Global Services and GS100

Global Services, a media platform by CyberMedia, serves the global ITO and BPO industry through quality content, research, services, and marketing solutions. A multi-shore team spanning the U.S.A. and India drives the Global Services brand. The Global Services brand is an integrated media platform that includes the website globalservicesmedia.com, conferences, research, webinars, e-magazines, custom publishing, and various other content delivery formats.

GS100 is the annual survey and analysis of the global ITO-BPO industry done by Global Services in association with NeoAdvisory. The survey recognizes service provider excellence and maturity to serve the global market. The GS100 is a benchmark in the global ITO and BPO industry because of its rigorous methodology, exhaustive coverage, and value to the services buyer community.

About NeoAdvisory

NeoAdvisory is a consulting and advisory firm that enables organizational transformation by leveraging outsourcing and globalization, while ensuring that their clients become “Great Globalizers”. Through a blend of consulting and implementation, backed by a robust knowledge database and hands on experience of consultants, NeoAdvisory provides objective and actionable advice and help clients to truly leverage Globalization and Outsourcing. The company provides consulting and advisory services in globalization, sourcing, vendor management, transition management, performance management, and governance.

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.