Released on: October 30, 2008, 10:08 am

Press Release Author: Luxoft

Industry: Telecommunications

Press Release Summary: Luxoft's work with Aepona, a leading telecommunications
software provider, wins National Outsourcing Association's Award for
Telecommunications Outsourcing Project of the Year

Press Release Body: New York, NY; October 30, 2008 - Luxoft, a global provider of
high-end application and product development services, today announced it has won
the National Outsourcing Association's award for Telecommunications Outsourcing
Project of the Year at the NOA awards ceremony held on Thursday, October 23, 2008.

The NOA awards aim to reward organizations for success in outsourcing projects, as
well as raising awareness for the importance of best practices in outsourcing. The
awards acknowledge achievements in IT outsourcing, business process outsourcing, as
well as sector specific achievements in telecommunications, finance and utilities.

Luxoft won the award for its work with Aepona, a leading telecommunications software
provider. Luxoft worked with the company to develop a leading-edge 'mash-up' portal
application - the 'Network Gateway', which simplifies the delivery of new and
existing applications for telecommunications companies. The Gateway also works to
future-proof providers for the next generation of network technologies and to ease
the process of network upgrade, expansion and reconfiguration.

Martyn Hart, chairman of the NOA commented, "At the NOA, we strive to raise
awareness of best practices in the outsourcing industry - the awards are core to
this strategy. Our winners and the runners-up have ably demonstrated excellence in
outsourcing and have highlighted the importance of best practice and standards being
met in the industry. These achievements make an excellent contribution to the Body
of Outsourcing Knowledge (the BOOK) that the NOA holds on behalf of the industry."

Luxoft's telecom practice provides a wide spectrum of software development services
to various industry players from North America and Europe ranging from independent
software vendors (ISVs), to mobile operators and ISPs, as well as service and
content providers. Luxoft's telecom team is comprised of more than 700 engineers
with extensive expertise in R&D, product engineering, custom application
development, testing, and is located in three development centers in Kiev (Ukraine),
Bucharest (Romania) and St. Petersburg (Russia). Luxoft focus on development of
innovative solutions based on the most recent technologies.

Among Luxoft's clients are the leading companies of the telecom industry, such as
AePONA, Nortel Networks, Avaya, Alcatel Lucent and Trapeze Networks.

Dmitry Loschinin, CEO of Luxoft, commented: "We're very happy to have gained
recognition for our work with Aepona. Having strong expertise in vertical markets is
important for vendors who want to develop strategic relationships with their
partners. This award recognises our telecommunications experience and ability to
deliver complex, mission-critical software solutions to our clients."

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, Deutsche Bank, UBS, Dell, IBM, 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 is the recipient of the 2007 Frost & Sullivan Global Outsourcing Growth
Excellence & Customer Value Leadership Award, as well as the Applied Innovation
Award from the IAOP and Wipro, ITAA and Forbes (together with Deutsche Bank). For
more information visit: www.luxoft.com.

About the National Outsourcing Association (NOA)
The NOA is the UK's only outsourcing trade association. Advocating best practice,
the NOA represents outsourcing end users, vendors and other companies which support
outsourcing, such as legal firms, consultancies and HR. The NOA is involved in
research, events, education and public affairs. The vast quantity of information
that the NOA has collected is referred to as BOOK (the Body Of Outsourcing
Knowledge).
For more information on the NOA please go to: www.noa.co.uk

US Press Contacts :
Julia Simonova
Luxoft
Tel: +1 (212) 964 9900 (ext.228)
Email: Jsimonova@luxoft.com

EMEA & Russia Press Contacts:
Olga Bokhonovskaya
Luxoft
Tel +7 (495) 967-8030
Email OBokhonovskaya@luxoft.com



Web Site: http://www.luxoft.com

Contact Details: Julia Simonova
Luxoft
Tel: +1 (212) 964 9900 (ext.228)
Email: Jsimonova@luxoft.com