IBS Group Member Honored in IAOP's Global Outsourcing 100 List for the Fifth Time

DOUGLAS, Isle Of Man, April 17, 2012 /PRNewswire/ --

IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that the International Association of Outsourcing Professionals® (IAOP®) has included Luxoft, a member of IBS Group,  in the Leaders Category of The 2012 Global Outsourcing 100® service providers list.

The 2012 Global Outsourcing 100 list recognizes the world's best outsourcing service providers. It is based on applications received and evaluated by an independent judging panel organized by IAOP.

"In today's economy, it is more important than ever for outsourcing end users to be able to easily identify and select the right company for their outsourcing needs," said IAOP Chairman, Michael Corbett. "The 2012 Global Outsourcing 100 list is essential for companies who are looking for proven leaders and rising stars in the outsourcing industry."

"Being included in this list of top tier outsourcing companies is not only recognition of IBS Group's determination to provide the most innovative solutions to our clients, but also of our ability to provide more robust services and help our clients realize the full potential of our engagement," said Dmitry Loschinin, Vice President of IBS Group, CEO of Luxoft. "As the global economy continues to shift, we remain fully committed to meeting the evolving technology and business needs of our customers and, in many cases, serving as strategic members of their internal teams."

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

About Luxoft Holding, Inc

Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, please visit http://www.luxoft.com

About IAOP

The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.

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.

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