Luxoft Vietnam Honored by QTSC with Top Enterprise of the Year Award

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Quang Trung Software City and Ho Chi Minh City People’s Committee Honor Luxoft Vietnam’s Outstanding Business Results and Dedication to its Thriving IT Community

Luxoft’s commitment to a global delivery model has reinforced our ability to provide high-quality, innovative solutions around the world despite shifting industry economics," said Dmitry Loschinin, President and CEO of Luxoft.

Luxoft, a member of IBS Group and provider of advanced application and product development services, today announced that Quang Trung Software City (QTSC) has named Luxoft Vietnam to its Top Enterprises of the Year list.

Each year, the Top Enterprises of the Year list acknowledges eight leading IT enterprises in Ho Chi Minh City in conjunction with QTSC’s 11th anniversary celebration. Organizations are awarded for their outstanding business results, company growth and contribution to QTSC’s development in 2011.

Adding to the accolades, Ho Chi Minh City People’s Committee simultaneously honored Luxoft Vietnam with a Commendation Certificate, awarded only to companies continuously achieving excellent business results and demonstrating an active role in the development of a thriving IT industry in Ho Chi Minh City.

“Luxoft’s commitment to a global delivery model has reinforced our ability to provide high-quality, innovative solutions around the world despite shifting industry economics. We are honored to receive both of these awards, reflecting the talent of Luxoft Vietnam’s employees and dedication to building a prosperous IT community,” said Dmitry Loschinin, President and CEO of Luxoft. “As client needs continue to evolve, we remain committed to empowering our worldwide clients with superior people talent and the ability to leverage each location’s unique advantages.”

Founded in 2001, QTSC is a key project in Ho Chi Minh City development plans and Vietnam’s largest IT park, with more than 22,000 people working and studying in the area. Additionally, QTSC hosts more than 100 enterprise software and IT service companies from 20 countries worldwide, such as HP, IBM, Luxoft, and TUV Rheinland.

About Luxoft
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.

About IBS Group
About IBS Group IBS Group is a leading software development and IT services provider in 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 is headquartered in Russia and has business operations in Russia, Canada, Germany, Romania, Poland, Switzerland, the UK, Ukraine, the USA, Vietnam and Singapore. IBS Group employs more than 8,000 people worldwide. In financial year 2010 IBS Group reported US GAAP revenues of $656 million. IBS Group is majority-owned by management with portfolio investors holding 37% of the Group’s share capital. For more information on IBS Group, please visit http://www.ibsgr.com.

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Alina Plaia
Luxoft
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