Luxoft Solutions Recognized by Independent Research Firms

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 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 system integrator/outsourcer in its report titled, “Implement an Outsourcing Mobile Application Development Decision Framework to Avoid Being Bypassed” by Kris Doering, published by Gartner on April 14, 2014. Luxoft is listed among leading global providers that are capable to achieve the outsourcing goals sought by clients today.

Gartner also noted Luxoft’s increase in market share within the broad IT Services market from 2012 to 2013. Luxoft was elevated by 17 positions in its ranking for total market share, 14 positions for the Banking and Securities, and 7 positions for Communication, Media, and Services. The report titled, “Market Share: IT Services, 2013” by Kathryn Hale, et.al. was published by Gartner on March 31, 2014.

Additionally, Luxoft was cited by Forrester Research, Inc. in one of their highly regarded reports: The Forrester Wave™: Software Product Development Services, Q1 2014. The report noted, “Luxoft offers particularly strong choices in its key focus industries of financial services, travel, high-tech, automotive, transport, and telecom.” It was published by Forrester on March 31, 2014 by analyst Charles Green.

Luxoft is encouraged by these recognitions and rankings, and believes that they reflect deep vertical expertise and engineering talent Luxoft possesses. “As mobile application development continues to be in high demand with global organizations, we are excited that Luxoft is listed among the key vendors in this space,” said Luxoft CEO and President Dmitry Loschinin. “We are also excited to see our growth in market share, not only in the overall IT services marketplace, but also among key industries, which is reinforced by our continued work surrounding product development and engineering services.”

Over the last decade, Luxoft has been able to generate solutions, scale its business, and grow successfully in diverse markets and niches where complex knowledge of business and technologies is required to make a strong positive impact on the business of clients. The company's achievements in various verticals, coupled with strong technology practices, such as mobile, further solidify Luxoft's commitment to research and development to continue advancing its services, products, and platforms.

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 15 dedicated centers worldwide. It has 20 offices globally across 12 countries, employing over 7,300 people. Luxoft is incorporated in Tortola, British Virgin Islands, has an operating headquarter office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.