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Luxoft Ranked Among Top 20 Global Outsourcing Companies

NEW YORK--(BUSINESS WIRE)--Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced its 2014 leadership rank of #18 on International Association of Outsourcing Professional’s (IAOP®) “Global Outsourcing 100.” Since 2012, Luxoft has substantially moved up in rank, most notably from #41 in 2013.

“At a time when there is a growing need to outsource, The Global Outsourcing 100 and The World’s Best Outsourcing Advisors lists have become invaluable reference tools to help companies research service providers”

The 2014 Global Outsourcing 100 recognizes the world's best outsourcing companies. These rankings are based on applications received and evaluated by an independent judging panel organized by IAOP. Luxoft’s highest scoring areas were: customer references, company recognitions and employee management.

Further, Luxoft was also recognized for vertical leadership in IAOP’s “Best 20 Leaders,” in Financial Services, Technology, Industry Specific Services, Telecommunications, Information and Communication Technology Services, and Research and Development Services.

Lastly, Luxoft was also recognized for diverse geographic footprint in “Best 20 Leaders,” in the United States, United Kingdom, Western Europe, and “Best 5 Leaders” for employees in Central and Eastern Europe.

“At a time when there is a growing need to outsource, The Global Outsourcing 100 and The World’s Best Outsourcing Advisors lists have become invaluable reference tools to help companies research service providers,” said Debi Hamill, IAOP CEO. “The companies named on these lists and sub lists have demonstrated their expertise following a rigorous, independently judged process and represent the top in the industry.”

“Over the course of one year’s time, our ranking improved by over 20 positions, placing us into the Top 20 leading providers. We are confident that our value proposition is resonating well with the market,” said Luxoft CEO and President Dmitry Loschinin. “Our industry expertise, solutions and global delivery footprint continue to challenge the status quo of traditional IT outsourcing models, and we consider this recognition to be a testament to this trend.”

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 7,500 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

About IAOP

The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting association and advocate for outsourcing professionals and the organizations they support. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org

Contacts

Luxoft Holding, Inc
Patrick R. Corcoran, +1 212-964-9900 ext. 2453
Manager, Public Relations
pcorcoran@luxoft.com
or
Alina V. Plaia, +1 212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com
or
IAOP
Kate Tulloch-Hammond, +1.845.452.0600, ext. 122
IAOP Manager, Media & Communications
Kate.hammond@IAOP.org