NEW YORK--(BUSINESS WIRE)--

Luxoft Holding, Inc. (NYSE:LXFT), a global IT service provider, was identified as a Representative Vendor in the first blockchain consulting market guide report by Gartner, a leading IT research and advisory company. Luxoft was listed among the consulting providers in the report, Market Guide for Blockchain Consulting and Proof-of-Concept Development Service, ⁱ based on its “provision of strategic advice, creation of POCs, and helping clients take POCs into pilot or production.”

According to Gartner, "Most buying organizations are in the very early stages of discovery and experimentation around blockchain, with the aim of proving the viability of its use in their businesses. As a result, blockchain consultancy services continue to largely serve the early phases of the project life cycle."¹

Luxoft operates a Digital practice that has built blockchain expertise over a number of years. Luxoft is now a founding member of the Crypto Valley Association, established partners with Chain, R3 and Evernym, and one of six IT consulting and services companies with blockchain capabilities available to Amazon Web Services (AWS) users. Luxoft’s blockchain specialists focus on enabling companies to adopt a blockchain strategy quickly and easily while engaging closely with stakeholders to ensure it delivers business value.

“Here at Luxoft, we have a long-term technology strategy. We look at the market and monitor different technologies and over the last three years we have invested resources into understanding blockchain,” said Vasiliy Suvorov, Vice President of Technology Strategy at Luxoft. “This has put us in a position where we can work with a customer to determine whether blockchain really make sense for the selected use-case.

“Then we help clients pick and choose the best platform or a combination of ledger technologies and build on it. The most important goal for us is to make sure the resulting solution actually delivers business value,” Vasiliy concluded.

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 12,900 employees across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit their website.

Forward-Looking Statements

This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

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