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Outsourcing Leader Luxoft Opens Vancouver Office Expanding Global Service Delivery Models for Clients.

New Office to Specialize in Agile Software Development

VANCOUVER, B.C. and MOSCOW -- Luxoft, one of Russia's leading IT outsourcing development and service providers for companies like IBM, Dell, Deutsche Bank, T-Mobile and others, announced today that it has opened a new office in Vancouver, British Columbia.

With Luxoft locations across Europe, the Ukraine, Russia and the US, the addition of the Vancouver office further enhances the company's ability to provide worldwide clientele with top notch IT resources, value-add services and deep vertical and technical expertise.

Luxoft Vancouver will deliver top quality, highly collaborative and rapid software development services through a specialization in the Agile methodology. Of high interest to small and mid-sized companies and software development firms, Luxoft has seen rising demand for Agile software development in 2006 and has also leveraged Agile for larger clients in industries like financial services.

Canada is a particularly attractive IT outsourcing destination for companies in the US and North America as it serves as a nearshore alternative offering a similar regulatory framework, time zone compatibility and common cultural, business and language environments. In addition, geographic proximity can benefit outsourcing engagements by lowering travel time and costs and increasing face-to-face team interaction.

"Whether our clients are looking for a nearshore, offshore, on-site or hybrid outsourcing model, we're flexible enough to meet their unique needs," said Luxoft President and CEO Dmitry Loschinin. "Our Canadian office is a great addition to Luxoft's already strong business and technical infrastructure as well as our well-educated and highly-trained international IT talent pool. We look forward to working with companies who want to diversify their outsourcing locations globally or explore nearshore destinations."

The Luxoft Vancouver office will be headed by Michael Vax, who has more than 20 years of software development experience and is a certified Agile Scrum master as well as a member of the Agile Alliance. Prior to Luxoft, Vax served as Vice President of Product Development at WebCT managing personnel in Vancouver, Boston, and India.

About Luxoft

Luxoft, founded in 2000, is a global software developer and IT services exporter with operations in the US, UK, Canada, Ukraine, and Russia. Luxoft has the world's largest delivery capabilities in Russia and CIS.

Luxoft provides a full range of custom software development services and enjoys long-term relationships with clients including some of the best-known global business leaders, such as Boeing, Deutsche Bank, IBM and Dell. Luxoft also works closely with many mid-size growth companies and independent software vendors (ISVs).

Luxoft's software development processes meet the highest quality standards, and the company was the first in Europe to achieve Level 5 CMMI quality certification. Luxoft runs research and Russian offshore development centers in Moscow, St. Petersburg, Dubna, Omsk, plus centers in Kiev and Odessa, Ukraine. Luxoft's U.S. headquarters are in New York and it has in office in Vancouver, British Columbia.

Luxoft has recently been recognized by BusinessWeek as the top emerging outsourcing provider in Russia and Eastern Europe, was ranked as the top IT services company on the Rising Star list in the IAOP's Global Outsourcing 100, and was featured in Global Services Magazine's Global Services 100 which recognizes the world's most innovative business and technology service providers.

For additional information please visit our site at www.luxoft.com.
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Comment:Outsourcing Leader Luxoft Opens Vancouver Office Expanding Global Service Delivery Models for Clients.
Publication:Business Wire
Geographic Code:1CANA
Date:Dec 13, 2006
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