IBS Group Member Expands Global Footprint With UK Development Facility Opening in Cooperation With Avaya

LONDON and MOSCOW, August 11, 2010 /PRNewswire-FirstCall/ -- Luxoft Company, member of IBS Group Holding Ltd (IBSG.DE, IBSG.F), a leading global provider of advanced application and product development services, today announced the opening of its technical development centre in the UK. The new facility, located in Welwyn Garden City, near London, is a significant investment in the company's growth strategy and further expansion of its global delivery capabilities.

The Luxoft Development Centre has been set up to provide product realisation services for large telecom equipment vendors. One of Luxoft's major partners, Avaya, will help kick off the opening of the development centre by continuing its relationship with Luxoft at the U.K. facility, jointly working on the development of Avaya's IP Office product range.

Jayesh Govindarajan, Senior Director of Engineering, Avaya Inc. commented on the opening of new centre: "We are pleased to be working with Luxoft's new development centre to continue our development relationship. We have been impressed with Luxoft's willingness to work with us in cost effectively crafting specific co-development solutions."

Luxoft's Centre opens with a team of 33 highly skilled engineers, with capacity for growth. With a larger presence in the U.K., Luxoft will be able to better serve existing U.K-based customers such as Deutsche Bank, UBS and Areva, as well as establish new partnerships in the region. The full portfolio of services to be provided by the development centre include: software engineering, complete product development, detailed trouble shooting of equipment, as well as customer support services and account management for UK-based customers.

Luxoft's Welwyn Garden City Development Centre compliments Luxoft's current delivery sites located in Eastern Europe and Southeast Asia, enabling the company to offer blended onshore / offshore delivery capabilities to deliver highly skilled innovations and developments, cost effectively and with a customer-centric approach.

"The opening of the U.K. development centre demonstrates our continued commitment to providing our European and U.S. customers with engineering development and outsourced customer support services to manage the complete product lifecycle from ideation through sustaining engineering and first line customer support," said Vasily Suvorov, vice president of technology strategy at Luxoft.

About Luxoft

Luxoft, a member of the IBS Group is an emerging global leader in application and product engineering outsourcing services for enterprise IT organizations and software vendors. Luxoft builds lasting partnerships with its clients, such as Boeing, IBM, Harman, Avaya, Areva, Sabre and other global leaders, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers global delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, best-of-breed processes and methodologies, and a choice of engagement models.

Luxoft has been awarded the #1 position in the "Emerging European Markets" category of the 2009 "Global Services 100" list. Company is also a recipient of the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank).

Gamid Kostoev, [email protected], +7-495-967-8000

SOURCE IBS Group Holding Ltd