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Luxoft Mentioned by Independent Research Firms

Luxoft Holding, Inc. (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has been mentioned by Gartner Inc., the world’s leading IT research and advisory company in its latest market guide titled “Market Guide for IoT Service Providers,” by Denise Rueb, et al, published by Gartner on August 26, 2016.

According to the report, “Skills and resources to build, deploy and run IoT solutions are often scarce for many businesses.” The report examined IoT resources in several growing industries. Luxoft offers IoT service capabilities as evaluated by Gartner including Business Consulting, Technology Consulting, Implementation, Managed Services (Operations [Analytics]) and Physical Product Design Services.

“We are pleased that Gartner has listed Luxoft as a Representative Vendor in this Market Guide,” says Anders Brown, Luxoft Managing Director of Global Centers of Expertise. “Luxoft delivers transformative end-to-end IoT solutions that integrate hardware, applications and cloud services. Our Global Centers of Expertise focus on both business and technology consulting and exemplify our core strengths and complete capabilities in the rapidly growing IoT marketplace.”

Luxoft is also featured as an Established IoT Provider in Zinnov Zones 2016 - Internet of Things Technology Services report in Product Development Engineering, Software Platform Engineering and Management, Engineering Analytics and Decision Sciences.

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 that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 30 dedicated delivery centers worldwide. It has over 11,000 employees across 35 offices in 18 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 www.luxoft.com

Gartner 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 Zinnov

Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Digital Transformation, Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques provide solutions help in integrating organizational vision, business definition and processes.

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, 2016 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.

All trademarks are recognized and are the property of their respective companies.

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