2014

IBS Group Member Displays its Demand Management Platform at CeBIT 2013 Conference in Hannover

RAMSEY, the Isle of Man, March 6, 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 the IBS Group, has been selected to exhibit its Demand Management Platform, DMFusion 2.0 at CeBIT 2013, the international conference and exhibition, that takes place in Hannover, Germany, March 5-9, and is the world's most important event for the digital economy, showcasing the latest trends and drivers of new business as well as serving as a high energy meeting place for all industry sectors.

Luxoft's Demand Management Platform, DMFusion 2.0 with its advanced cloud-based analytical Big Data module impressed the jury of high-tech innovation competition organized by the Greenkubator, Ukrainian organization that promotes best-in-class IT innovations within energy sector. Greenkubator presented DMFusion as one of the most remarkable innovations at the Code_N contest, where it finally became one of the top innovations in Smart Grid automation and was honored to be presented at CeBIT 2013.

"We are extremely proud to receive this esteemed invitation which proves our R&D expertise and ability to deliver bottom-line results in Green Energy and Grid Management," says Michael Minkevich, Luxoft's Vice President of Technology Services.  

Luxoft operates a dedicated in-house R&D center to design and build software platforms specifically for the energy and utilities market. These innovative platforms are easily customizable to fit the unique requirements of client's products and help to significantly reduce time-to-market and overall development costs.

Luxoft's DMFusion uses a layered architecture designed to integrate transmission and distribution grid components and to visualize the events and issues on the grid to manage the events and alerts. Its open, scalable, web-based architecture makes the platform easily adaptable to concrete processes, which helps empower existing solutions with advanced workflows, grid and events visualization, and decision support automation.

To learn more about DMFusion 2.0 and Luxoft's services and solutions for Smart Grid, distribution management, market management, demand response, mobile applications, and supervisory control and data acquisition (SCADA) integration, please visit http://www.luxoft.com/energy.

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 or contact

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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