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Luxoft Recognized in Gartner Hype Cycles for Mobile Applications and Development, Application Security, and Application Services

NEW YORK--(BUSINESS WIRE)--Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base today announced that it has been listed by Gartner Inc., a leading IT research and advisory company, as a Sample Vendor in the Hype Cycle for Application Security, 2014 by Joseph Feiman, published on July 28, 2014 and the Hype Cycle for Mobile Applications and Development, 2014 by Robert Desisto and Michael Moaz, published on July 29, 2014.

“As the demand for innovative service providers experienced in mobile application development and application security increases, Luxoft sees these opportunities as contributing to the global expansion”

Luxoft was listed in the Hype Cycle for Mobile Applications and Development, 2014 as a sample vendor under the category Enterprise Mobility Application Services. As stated in the report¸ “Enterprise mobility application services are the advisory, design, build, deploy and manage services provided by external service providers to help enterprises envision and implement strategies and solutions to take advantage of mobile devices, technologies and applications to improve business results.”

Luxoft’s listing as a sample vendor under the category enterprise mobility application services was also republished in the Hype Cycle for Application Services, 2014 by Frances Karamouzis, published on August 21, 2014.

Additionally, Luxoft was listed in the Hype Cycle for Application Security, 2014 as a sample vendor under the category Application Security Professional Services. As stated in the report, “Global-scale scandals around critical applications' breaches highlighted the need for effective detection and protection of exploitable application security vulnerabilities.”

Luxoft has been listed as a sample vendor in seven 2014 Gartner Hype Cycles:

  • Hype Cycle for Application Services, 2014
  • Hype Cycle for Mobile Applications and Development, 2014
  • Hype Cycle for Application Security, 2014
  • Hype Cycle for Digital Insurance, 2014
  • Hype Cycle for Operational Technology, 2014
  • Hype Cycle for Smart City Technologies and Solutions, 2014
  • Hype Cycle for Vehicle-Centric Information and Communication Technology (Vehicle ICT), 2014

“As the demand for innovative service providers experienced in mobile application development and application security increases, Luxoft sees these opportunities as contributing to the global expansion,” said Luxoft President and CEO, Dmitry Loschinin. “We believe the Gartner Hype Cycle series suggests the end-user marketplace is eager to better understand the extent of the end-to-end and complex services offered by various vendors, which can address the multitude of the most prevailing pain points for the enterprise.”

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 16 dedicated delivery centers worldwide. It has over 7,700 employees across 21 offices in 13 countries in North America, Western and Eastern Europe, and Asia Pacific. Luxoft is incorporated in Tortola, British Virgin Islands, has an operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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