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

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

IBS Group, 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