The Company will host two webinars moderated by
ISG along with offering a downloadable reprint of the ISG Provider
Lens™ ADM Archetype Report with an ISG-authored preface on
Luxoft
Luxoft Holding, Inc (NYSE:LXFT), a leading provider of
software development services and innovative IT solutions to a
global client base, today announced it has been recognized by
Information Services Group (ISG), a leading global technology
research and advisory firm, as a global leader in Application
Development and Maintenance (ADM) services.
According to the ISG Provider Lens™ ADM Archetype Report, Luxoft
was among the leading providers in the Glocal Talent Archetype
(Global + Local) and Enabling Digital Archetype. The
Company also scored 4 out of 5 in Transformation-Oriented
Archetype.
“Luxoft has demonstrated experience in application development
and maintenance services space. This experience, combined with its
industry knowledge and expertise, has helped make Luxoft a leading
choice as an ADM partner,” said Jan Erik Aase, Director and
Principal Analyst with ISG Research. “Our research considers six
buyer types when evaluating how each service provider meets their
specialized needs. Luxoft scored highly in three of the six
dimensions.”
“We are very excited to be positioned as leaders in two critical
areas needed for driving business outcomes across all the
industries we operate within,” said Luxoft’s Vice President for
Marketing, Przemek Berendt. “As such, we will be hosting two
webinars, moderated by ISG Partner, Prashant Kelker, to discuss our
capabilities in line with ‘Glocal Talent’ and ‘Enabling Digital.’
This webinar will focus on two of our core verticals, financial
services and automotive.”
To download a reprint of the ISG Provider Lens™ ADM Archetype
Report with a preface on Luxoft, please click
here.
The live webinar sessions are scheduled for Thursday, August
17, 2017 at:
- 10:00 am BST / 11:00 am CET
- 4:00 pm BST / 11:00 am EST
To participate and register for the webinar, please
click here.
A replay of both sessions will be made available after the live
events.
The ISG Provider Lens™ report assessed the capabilities of 31
ADM service providers based on the needs of enterprise customers as
defined by these six buyer archetypes:
1.
Traditional Archetype – These
clients are mostly focused on cost savings through an
FTE-based/staff augmentation model. The majority of such clients
are first time outsourcers.
2.
Managed Services Archetype – The
majority of these buyers are second- or third-generation
outsourcers that have matured in terms of people, processes and
practices. They are looking to engage with multiple service
providers in a managed services mode.
3.
Transformation-Oriented Archetype –
The majority of these buyers are third-generation outsourcers
looking to sunset their legacy systems and applications. Their
goals are to have quicker, more closely integrated, and
user-friendly applications, platforms, and systems in place.
4.
Glocal (Global+Local) Talent
Archetype – These clients are looking to balance the
demographics of their current workforce by augmenting their staff
with a core set of international talent. Rather than a labor
arbitrage play, it is more of a talent refresh and localization
play.
5.
Leveraging Platforms/Accelerators
Archetype – These companies are looking to either consolidate
their landscapes on to external platforms or build their own
intrinsic platforms. They are looking to achieve business process
expertise by standardizing their processes on a common
platform.
6.
Enabling Digital Archetype – These
buyers are very customer-centric companies that are trying to
create a competitive advantage, enabled through emerging
technologies. These buyers can either be mature outsourcers or
digitally born companies with multi-channel customer touch
points.
“Today’s ADM buyers, rather than being IT-centric, represent a
more diverse set of functions within an organization,” said Aase.
“Each of them has unique challenges and requirements that differ
from the traditional ADM service requirements of the past.”
About ISG
ISG (Information Services Group) (NASDAQ: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 700 clients, including 75 of the top 100
enterprises in the world, ISG is committed to helping corporations,
public sector organizations, and service and technology providers
achieve operational excellence and faster growth. The firm
specializes in digital transformation services, including
automation, cloud and data analytics; sourcing advisory; managed
governance and risk services; network carrier services; technology
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
professionals operating in more than 20 countries—a global team
known for its innovative thinking, market influence, deep industry
and technology expertise, and world-class research and analytical
capabilities based on the industry’s most comprehensive marketplace
data. For more information, visit www.isg-one.com.
About Luxoft
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of
software development services and innovative IT solutions to a
global client base consisting primarily of large multinational
corporations. Luxoft's software development services
consist of core and mission critical custom software development
and support, product engineering and testing, and technology
consulting. Luxoft's solutions are based on its
proprietary products and platforms which aim to impact clients'
business outcomes and efficiently deliver continuous innovation.
The Company develops its solutions and delivers its services from
35 dedicated delivery centers worldwide. It has over 12,700
employees across 40 cities and 19 countries in North America,
Mexico, Western and Eastern Europe, Asia Pacific, and South Africa.
Luxoft is incorporated in Tortola, British Virgin
Islands, has its operating headquarters office in
Zug, Switzerland and is listed on the New York Stock
Exchange. For more information, please
visit http://www.luxoft.com.
Forward-Looking Statement
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170728005315/en/
Luxoft Holding, IncPatrick R. CorcoranGlobal Director, External
Relations212-964-9900 ext. 2453Press@luxoft.com
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