Luxoft Appoints New Managing Director in Sofia, Bulgaria

Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced Konstantin Konov has joined the company as Managing Director for the Company’s location in Sofia, Bulgaria.

With 20 years of extensive local experience in IT services, Mr. Konov will help grow Luxoft’s newest European office. While the initial focus of the Sofia office was primarily on supporting clients within Financial Services, the Company is now looking to accelerate expansion and recruit for other lines of business.

Prior to joining Luxoft, Mr. Konov recently served as Senior Director of Hewlett Packard’s (HP) Global Operations Center in Bulgaria - the main HP operations delivery organization for the EMEA region. Prior to HP, he was a Technical Head at Citigroup. Mr. Konov holds a M.Sc. in Computer Science from Technical University.

"We are pleased that Konstantin has joined our team,” said Dmitry Kushnir, Luxoft’s Vice President for Global Delivery. "His seasoned professional background in finance and technology is a strong experience that we believe will drive our strategy in Bulgaria, and his extensive local expertise will also support Luxoft’s growth at a grassroots level with the wealth of technical talent in the country.”

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT US) 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 18 dedicated delivery centers worldwide. It has over 8,100 employees across 22 offices in 14 countries in North America, Mexico, Western and Eastern Europe, and Asia Pacific. 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 http://www.luxoft.com.