Luxoft moved 536 engineers from Russia and Ukraine

The company wants to be closer to customers and to avoid country risk

Offshore software developer Luxoft transported 536 developers from Russia and the Ukraine to Poland, Romania and Bulgaria. This is stated in the financial statements of the company for fiscal year 2015, ended March 31, 2015. In the current fiscal year, the company plans to take out of Russia and Ukraine more employees.

This is a part of Luxoft’s program “Global Upgrade”, which assumes employees to be spread across regions in order to reduce operating and macroeconomic risks. In the long term Luxoft wants to have no more than 25% of the company's personnel in each office, the report said.

In Ukraine today operates 42% of the company's personnel. Last year this share was 49%, while in Russia this figure was reduced to 25% against 30% in the previous fiscal year, according to company statements.

Luxoft Receives 2015 Best Outsourcing Thought Leadership Award

JUNE 1, 2015

NEW YORK--(BUSINESS WIRE)--Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has been named a 2015 Best Outsourcing Thought Leadership Awards (BOTL) winner by The Outsourcing Institute, the largest, neutral professional association dedicated solely to outsourcing. The BOTL Awards’ Wall Street Tech Innovation showcases the most innovative work from providers across the outsourcing industry.

“We are very excited to be among the few winners of this prestigious award,” said Pierre Castagne, Managing Director for Financial Services at Luxoft. “Luxoft’s Horizon is a great example of how we combine deep industry expertise with technical skills to create powerful and quick to market Java-based dynamic HTML-5 solutions for customers, which incorporate our know-how within Big Data, User Experience (UX) and Mobility areas. We improve Horizon continuously based on new regulatory requirements and new types of risks to which enterprises must pay attention. Such product development would be impossible without advanced understanding of governance, risk and compliance intricacies by our solutions team and that’s where the value-added element of Luxoft’s service offering as a new generation provider comes into play.”

A judging panel of eight senior sourcing executives from Fortune 1000 enterprises selected Luxoft for its thought leadership piece that exhibited a use case that encompasses innovation, creativity and results. Luxoft is being recognized as a winner in the Real World Use Case - Innovation category. The Awards will be presented at the upcoming Wall Street Tech Innovation Conference being held Tuesday, June 2, 2015 in New York City.

“Luxoft is being recognized for delivering measurable value to its client engagement and helping them thrive in the incredibly challenging Wall Street and BFSI environment with innovative and cost saving solutions,” said Frank Casale, founder of The Outsourcing Institute and producer of the Wall Street Tech Conference. “We congratulate Luxoft and its high-performing service provider team for its visionary client success.”