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IBS Group Solutions for Connected Car Space Recognized by Independent Research Firm

January 22, 2013

RAMSEY, Isle of Man, January 22, 2013 /PRNewswire/ –

Please refer to relevant legal information at the end of the document

IBS Group [http://www.ibsgr.com ], a leading software development and IT services
provider in Central and Eastern Europe, announces that Luxoft, a member of IBS Group, was
named among the key four operating system, software and application developers identified
by Gartner, Inc. in the December 2012 report: “Innovation Insight: The Connected Vehicle
Will Dominate Automotive and Mobility Innovations.”

Luxoft automotive practice focuses its innovative development work around each of the
four functional areas discussed by Gartner’s VP and distinguished analyst Thilo Koslowski,
the author of the report: telematics, advanced driver assistance systems (ADASs),
infotainment and mobility services. Human Machine Interface (HMI) is highlighted as one of
the main differentiating factors for connected vehicle offerings: “A key aspect of the
attractiveness of infotainment solutions, and an opportunity for differentiation, lies in
how consumers can use the information and entertainment content while operating the
vehicle. This puts a strong focus on human-machine interface (HMI) technologies, ease of
use and upgradability of infotainment user interfaces.”

Luxoft has been making significant impact in the automotive telematics and
infotainment space for years, working with the most recognized brands and world’s leading
auto manufacturers. The Company has been developing advanced infotainment and HMI
frameworks, tools, and processes for 3D technologies for the leading automakers and
tier-one and-two suppliers for nearly a decade. In line with natural evolvement of
services within in-car infotainment and telematics space, Luxoft engineers are also
working on new user experiences involving gestures to interact with the next generation of
infotainment systems in a very intuitive and dynamic way. Since 2012 this expertise is
being further honed at Luxoft’s dedicated HMI Research and Development center in Germany
and includes development of platform technologies and user-friendly interfaces (UIs) to
improve in-vehicle app ergonomics and reduce driver distraction.

Anticipating the auto market trends, Luxoft engineering experts develop product
platforms that work as solution accelerators for OEMs and their first tier suppliers.
These platforms allow Luxoft’s clients to build and bring to market their own products in
a faster and a more cost effective way. The latest platform is called iviLink, which is
the only available open source automotive technology that provides seamless connectivity
between in-vehicle infotainment systems and any mobile device of choice – an important
advantage in consumer-centric market.

“We are very excited about our unique technology solutions in the connected car space,
such as iviLINK,” – said Vasily Suvorov, Head of Technology Strategy at Luxoft.
“Automotive industry will be going through a significant transformation over the next 10
years propelled by breakthrough technologies that change the purpose of a car from
transportation mean into an information medium. The potential impact from this on auto,
engineering, consumer, insurance, healthcare and other sectors will be immense. Luxoft’s
goal is to become one of the best developers and implementers of HMI and other
groundbreaking technologies in this space, and we are honored to be included as a key
provider today by such prominent source as Gartner.”

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and
Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it
offers a wide variety of information technology services, such as software development and
IT services outsourcing, IT infrastructure and business applications implementation. IBS
Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland,
the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,300 people
worldwide. In the year ended March 31, 2012, the Group reported US GAAP consolidated
revenues of USD816.3 million. IBS Group’s Global Depositary Receipts are listed on the
Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR;
Reuters: IBSGq.F)

Disclaimer

The information contained in this press release is not for publication, distribution
or release, directly or indirectly, in any jurisdiction where such publication, disclosure
or release would be unlawful. This press release does not constitute an offer for the sale
of securities in the United States of America, Canada, Australia, Japan or any other
jurisdiction in which an offer would be subject to legal restrictions.

For more information about IBS Group please visit http://www.ibsgr.com

SOURCE IBS Group Holding Ltd


Source: PR Newswire