Luxoft, Inc. was named as one of the 35 Rising Stars in the 2006 Global Outsourcing 100 list. The company, Russia's leading software developer and IT service exporter, was also named as one of the most innovative business and technology service providers in the list.

Dmitry Loschinin, President and CEO of Luxoft, said, "Luxoft is proud of our track record and the wide industry recognition of the value we bring to our clients. We put significant effort in developing rigorous discipline and processes, understanding our clients' goals and needs, and delivering high quality, industrial-strength software applications and solutions. But we would not be successful without the great people who work at Luxoft. We devote a lot of resources to hiring and growing the best people in the industry, and have a uniquely high staff retention rate, which benefits our clients and leads to extremely high client retention rate of 90 percent."

The Global Outsourcing 100, compiled by the International Association of Outsourcing Professionals (IAOP), is the first-ever selection of the world's top outsourcing service providers. The list was based on factors such as size, revenue growth, customer experience, depth and breadth of competencies, development of people, processes, and technologies, and management capabilities.

Luxoft has been receiving industry praise in recent months. The company was selected as a finalist for several industry awards such as the National Outsourcing Association's Offshoring Operation of the Year, and three Best of Class Categories awards at Gartner's global sourcing Summit. It was also named by BusinessWeek as the top emerging outsourcing provider among companies from Russia and Eastern Europe.

Image Source: www.luxoft.com