Luxoft Opens 19th Global Office and Appoints Managing Director in Stuttgart, Germany

Business Wire

TORTOLA, British Virgin Islands & MENLO PARK, Calif.--(BUSINESS WIRE)--

Luxoft Holding, Inc (LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced opening of its first delivery office in Germany and an appointment of Serkan Arslan as a Managing Director of Luxoft Germany GmbH and Global Director of Business Development for Automotive practice. Mr. Arslan will drive business development, sales and account management for Luxoft Automotive globally. Additionally, he will manage the company’s operations in Luxoft’s 19th global office in Stuttgart, Germany.

Serkan brings more than 15 years of extensive international experience in such automotive domains as In-Vehicle Infotainment (IVI) systems, connectivity, telematics and mobility services in both, sales and business development roles. During that time he gained invaluable insights working with OEM’s (Original Equipment Manufacturers) and with the Tier I suppliers. Previously, Mr. Arslan held top management positions at the leading automotive companies, such as Daimler and Delphi. He also has vast experience in business consulting helping major OEM’s develop new markets in the EMEA region. At Luxoft, Serkan will be a catalyst for Luxoft Automotive to become a partner of choice for OEM’s and Tier I suppliers globally.

“I am excited to join Luxoft, a fast-growing and innovative company that is making a strategic move to Germany with the Stuttgart office bringing Luxoft closer to clients in the automotive and high-tech industries,” said Serkan Arslan. “Luxoft is more than just a product engineering service provider. Besides having in-depth expertise in automotive infotainment and telematics, Luxoft possesses a vision and actively invests into creating cutting edge product platforms that accelerate the product creation for its clients. Automotive industry is rapidly changing with new trends such as mobility and connectivity entering cars, and Luxoft is perfectly positioned to lead this transformation. I look forward to taking the innovation that we bring to our clients and Luxoft’s global expansion to the new level of success.”

“We are pleased with Serkan joining our team,” said Dmitry Loschinin, CEO and President of Luxoft. “Serkan brings a unique blend of deep business acumen and unparalleled intercultural skills that will help him lead Luxoft’s success in the all-important German automotive market and beyond. We have very high aspirations for our automotive and transport vertical for this year and beyond and are confident that Serkan is the right person to help us meet and exceed our goals.”

Michael Minkevich, VP Technology Services of Luxoft, added: “In his new role, Serkan will manage the company’s front-end organization aimed at growing the business with automotive OEMs, Tier I suppliers and mobility service providers worldwide. Luxoft now offers its partners an impressive array of product engineering services ranging from design and development of user interfaces (UIs) and user experience (UX) for car HMI to driver workload management solutions and smartphone and app integration.”

Luxoft’s Stuttgart location is an important part of strategy with respect to our agile global delivery network. It will further solidify Luxoft’s nearshore capabilities in project management and software engineering and demonstrate our commitment to delivering the most innovative, flexible, and highly effective IT services in Europe.

About Luxoft

Luxoft 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’s core resources are located in Central and Eastern Europe, where Luxoft has 15 delivery centers, 19 offices and presence in 12 countries, employing near 6200 people as of the last public filing. Luxoft has principal executive office in Zug, Switzerland and is listed on New York Stock Exchange (LXFT US).

Contact:
Investor Relations:
Luxoft Holding, Inc
Alina V. Plaia, 212-964-9900 (ext. 2404)
Vice President
ir@luxoft.com

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