Luxoft Holding Inc. (NYSE:LXFT), a global IT service provider,
today announces it has built a blockchain adapter for Appian’s
(NASDAQ:APPN) rapid application development platform. It is now
available exclusively to businesses using Appian’s Business Process
Management (BPM) tool and will allow its users to integrate a
blockchain network into their day-to-day business processes,
creating a secure, digital environment that facilitates data
sharing.
“The launch of this adapter is about helping
businesses realise the potential of blockchain by making it easier
to use,” said Vasiliy Suvorov, Vice President of Technology
Strategy at Luxoft. “Problems integrating blockchain
into existing in-house systems are often the biggest obstacles to
its adoption. Now, by integrating blockchain into a BPM, a business
can leverage the benefits of a decentralised model whilst retaining
its existing IT architecture. This means business don’t have to rip
out their old IT systems to use blockchain.”
Luxoft will demonstrate how the adapter can be
used to benefit the healthcare sector for the first time at Appian
World in Miami, FL, US at the Luxoft booth (#16). In particular,
Luxoft will show how the blockchain adapter can reduce claims
processing errors and inaccurate medical bills. The blockchain
creates a secure, reliable and auditable way for medical and
pharmacy systems to share and update real-time accumulators,
meaning medical insurers, healthcare providers and pharmacies using
the Appian Platform instantly have access to the same claim
data.
“The disparate systems used by pharmacies,
healthcare providers and insurers to manage medical information are
extremely complex. They are not designed for the smooth exchange of
data,” said Sam Mantle, Managing Director of Digital
Enterprise at Luxoft. “The Appian blockchain adapter will
be a step towards seamless integration across the healthcare
ecosystem enabling payers, providers and patients to exchange and
verify data in a safe and compliant way.”
“At Appian we value our partner ecosystem and
are committed to supporting them as we grow in the key Healthcare
market,” said Marc Wilson, SVP Global Partnerships & Industries
at Appian. “Blockchain impacts organizations across all industries,
but it is an especially difficult challenge within the Healthcare
industry given the complexities they face. Through our partnership
with Luxoft, our customers now have a solution specifically
designed to address these needs within the Appian platform.”
Luxoft built the Adapter on Appian’s Platform,
as it’s used extensively across a variety of industries, from
financial services to healthcare, in areas such as provider data
management, medical management and clinical trials. The move is
part of a push to commercialise Distributed Ledger Technologies and
accelerate its deployment in established business
processes.
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 13,100 employees across 41
cities in 20 countries within five continents, with its operating
headquarters office in Zug, Switzerland. For more information,
please visit
the website.
About Appian
Appian provides a leading low-code software
development platform that enables organizations to rapidly develop
powerful and unique applications. The applications created on
Appian’s platform help companies drive digital transformation and
competitive differentiation. For more information, visit
www.appian.com.
Luxoft 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.
Appian Forward-Looking
Statements
This press release includes forward-looking statements. All
statements contained in this press release other than statements of
historical facts, including, without limitation, statements
regarding the security of the digital market to be created by
Appian users integrating a blockchain network into their day-to-day
business processes and Appian’s commitment to and support of its
partner ecosystem, are forward-looking statements. The words
“anticipate,” “believe,” “continue,” “estimate,” “expect,”
“intend,” “may,” “will” and similar expressions are intended to
identify forward-looking statements. Appian has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that Appian
believes may affect its financial condition, results of operations,
business strategy, short-term and long-term business operations and
objectives and financial needs. Those forward-looking statements
are subject to a number of risks and uncertainties, including,
without limitation, risks related to potential breach of Appian’s
security measures or unauthorized access to the Appian platform or
customer data, risks related to the success of Appian’s strategic
relationships with third parties and the risks and uncertainties
set forth in the “Risk Factors” section of Appian’s Annual Report
on Form 10-K for the year ended December 31, 2017 filed with the
Securities and Exchange Commission on February 23, 2018, and
subsequent reports that Appian has filed with the Securities and
Exchange Commission. Moreover, Appian operates in a very
competitive and rapidly changing environment. New risks emerge from
time to time. It is not possible for Appian’s management to predict
all risks, nor can Appian assess the impact of all factors on its
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements Appian may make. In
light of these risks, uncertainties and assumptions, Appian cannot
guarantee future results, levels of activity, performance,
achievements or events and circumstances reflected in the
forward-looking statements will occur. Appian is under no duty to
update any of these forward-looking statements after the date of
this press release to conform these statements to actual results or
revised expectations, except as required by law.
All trademarks are recognized and are the property of their
respective
companies.
Contacts:
Media InquiriesPatrick R. CorcoranGlobal
Director, External Relations212-964-9900 ext. 2453Press@luxoft.com
@Luxoft
Nicole GreggsDirector of Media Relations, Appian+1
703.260.7868Nicole.Greggs@appian.com
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