Luxoft Solutions Recognized by Independent Research Firms

NEW YORK--()--Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has once again been recognized by prominent independent technology research firms in an array of areas.

Gartner Inc., the world’s leading IT research and advisory company, listed Luxoft as a Vendor to Watch in the vendor segment for Services, focusing on key areas such as, System Integration, Product Engineering, and Product Design in its report titled, “Market Trends: IoT Adoption in India Will Advance at a Slow Pace Through 2020,” by Aman Munglani, Ganesh Ramamoorthy, et. al., published by Gartner on October 8, 2014. Luxoft is listed among leading global providers that are capable to deliver services directly related to the Internet of Things.

Additionally, Luxoft was cited multiple times by Zinnov Management Consulting, in one of their highly regarded reports,“Global R&D Service Providers (GSPR) Rating 2014.” The report listed Luxoft in the leading category of Established in the overall IT Outsourcing matrix taking into consideration, “specialization, research and development practice maturity (depth and breadth of services), innovation and intellectual property, and eco-system linkages.”

Luxoft was also listed in the Leadership Zone for Automotive expertise, based on assessments of the Company’s go-to-market strategy, niche capabilities across engineering, embedded and software services, leaderships roles in alliances, solution co-creation with customers, and most importantly practicing a formal culture of innovation.

“We are very pleased for the continued and diverse coverage of our services and solutions,” said Luxoft CEO and President Dmitry Loschinin. “Clearly, Luxoft’s services are resonating amongst the analyst communities in multiple verticals. We believe this is in response not only to our technological innovation but also to the consistent end-user interest in industry-focused global providers.”

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT US) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 18 dedicated delivery centers worldwide. It has over 7,700 employees across 22 offices in 14 countries in North America, Mexico, Western and Eastern Europe, and Asia Pacific. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.

Contacts

Luxoft Holding, Inc
Alina V. Plaia, +1 212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com
or
Patrick R. Corcoran, +1 212-964-9900 ext. 2453
Manager, Public Relations
pcorcoran@luxoft.com

Contacts

Luxoft Holding, Inc
Alina V. Plaia, +1 212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com
or
Patrick R. Corcoran, +1 212-964-9900 ext. 2453
Manager, Public Relations
pcorcoran@luxoft.com