IBS Group Expands Global Footprint with Second Luxoft Delivery Centre in Poland

RAMSEY, The Isle of Man, January 22, 2013 /PRNewswire/ --

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IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that Luxoft, a member of IBS Group, has opened a second delivery centre in Poland, its 19th worldwide.

Located in Wroclaw, the new facility will offer a comprehensive range of application and product development services for large firms and software companies, and will specialise in providing solutions to the banking and financial services sector.

Poland is Luxoft's fourth-largest global delivery location. The company is building on the successful experience of its first Polish delivery centre, opened in Krakow in 2010, and is on track to become one of the country's largest IT companies. The new office plans to hire 100 engineers in the next 12 months, and management expects to increase staff numbers to 750 over the next two years.

Luxoft will benefit from Poland's deep pool of highly skilled, multilingual IT engineers, as well as the country's strategic location relative to major European cities and its economic stability. The Wrocław centre will be headed by Wojciech Mach, who has many years' experience of launching, developing and managing businesses.

Wojciech Mach, Managing Director, Luxoft Poland, said: "We have been very pleased with Luxoft's success in building its software development and delivery practice in Poland, and look forward to developing the Wrocław centre into another dedicated delivery location bringing our clients the benefits of our engineering excellence and expertise.

"Poland is rapidly becoming a strategically important location for Luxoft. The country's culture and educational system complement those of Luxoft's other global centres, and offer a good fit for the company's core culture of innovation and flexibility."

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In the year ended March 31, 2012, the Group reported US GAAP consolidated revenues of USD816.3 million. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

For more information about IBS Group please visit http://www.ibsgr.com

Disclaimer

The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful. This press release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which an offer would be subject to legal restrictions.

SOURCE IBS Group Holding Ltd




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