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 named a Top 10 Outsourcing Service Provider by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company. Luxoft’s inclusion in the ISG Outsourcing Index® is based on data the company submits to ISG each quarter.
For the fifth consecutive quarter, Luxoft was among the leading providers in the Sourcing Market Standouts categories for the Americas and EMEA regions based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2016 Global ISG Outsourcing Index®. Now in its 54th consecutive quarter, the ISG Outsourcing Index® provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
“We’re very excited to have earned our fifth consecutive listing on ISG’s Top 10 Sourcing Standouts list,” said Luxoft President and CEO, Dmitry Loschinin. “As we enter the new financial year, business for Luxoft continues to grow within the North American marketplace and Western Europe. We are seeing solid opportunities within our key verticals – financial services, automotive, and telecommunications, as well as within our Centers of Expertise, such as mobile, cloud, digital experience, Internet of Things, big data / analytics, etc. The results of the ISG Outsourcing Index support these continued industry and technology focused trends.”
“For more than a decade, the ISG Outsourcing Index® has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, levels of industry adoption, geographic prevalence and service provider performance,” said Paul Reynolds, chief research officer of ISG. “Luxoft continues to establish itself as a leading and growing player in the global market for outsourcing services, based on its volume of business in relation to other industry providers.”
