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 once again been recognized by Zinnov Management Consulting, in one of their highly regarded reports, “Global R&D Service Providers (GSPR) Rating 2015,” published in October 2015.
The report listed Luxoft in the leading category of Established in the overall IT Outsourcing matrix taking into consideration, “specialization, research and development practice maturity (depth and breadth of services), innovation and intellectual property, and eco-system linkages.” This is the second consecutive year Luxoft has been listed as an established player in the IT outsourcing space. In addition to the overall ranking, Luxoft’s horizontal and vertical expertise was also recognized.
Further, the report listed Luxoft in the Leadership Zone for Automotive expertise, based on assessments of the Company’s go-to-market strategy, niche capabilities across engineering, embedded and software services, leaderships roles in alliances, solution co-creation with customers, and most importantly practicing a formal culture of innovation. This is the second consecutive year Luxoft has been listed in the Leadership Zone for Automotive expertise.
Finally, the report listed Luxoft in the Execution Zone for Energy and Utilities expertise, based on assessment of the Company’s reusable IP built, niche expertise across two service types, capabilities to deliver as a true partner to the client. The report also listed Luxoft in the leading category of Established in the Embedded Systems matrix using similar assessments as the Company’s overall IT outsourcing ranking.
“We are very pleased for the continued and diverse coverage of both our vertical and horizontal lines of business,” said Luxoft CEO and President Dmitry Loschinin. “Luxoft’s services within the engineering focused areas are resonating amongst the analyst communities, and ultimately end-user communities. We believe this is in response not only to our technological innovation, but also to the consistent end-user interest in industry-focused global providers. It was outstanding to see our Energy and Embedded practices highly recognized for the first time.”
Zinnov’s GSPR 2015 study is an extensive, annual study of the capabilities of R&D and Product Engineering Services providers, and is designed to assist global engineering leaders in making the right decisions in their selection of outsourcing partners from across the world.
