IBS Group Confirms its Leadership in the Russian Consulting Market in 2011

RAMSEY, the Isle of Man, May 3, 2012 /PRNewswire/ --

IBS Group has been recognized as the largest provider of consulting services by two authoritative ratings

IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that it has been named the leader of the consulting market in Russia by the Expert RA rating for the eighth consecutive year. IBS Group's total revenue from consulting services in 2011 increased by 32.8% and reached 13.8bn rubles. While, the consulting market in Russia expanded 21% in the same period, according to the rating.

IBS Group was also recognized as the largest provider of IT сonsulting and HR management consulting services in 2011, based on the Kommersant annual study issued on April 23, 2012. The Group was also named one of the leaders of both financial and production management consulting in Russia.

"We are very pleased with continued leadership of IBS Group in the consulting market," said Anatoly Karachinsky, President of IBS Group. "The Group's rapid growth in 2011 was primarily a result of ongoing and new projects with the largest Russian and global companies, including Mail.Ru Group, Rosatom, Sberbank of Russia, Gazprom, Deutsche Bank, UBS, Boeing, Harman, as well as an active business expansion in Western Europe, the United States and Asia."

Since 2000, IBS Group has consistently held the top lines in the ratings of the largest consulting companies operating in Russia. The company's development priorities include management consulting, IT consulting, business applications' development and implementation, IT infrastructure design and development, financial consulting, production management and HR management consulting, information security, outsourcing, design and implementation of unique information systems for global businesses.

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, IT outsourcing, business and IT consulting, 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 8,000 people worldwide. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.DE). IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.DE).

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