IBS Group to Present at the UBS Global Technology and Services Conference

RAMSEY, Isle of Man, November 11, 2011 /PRNewswire/ --

IBS Group (IBSG:GR), a leading IT services provider in Eastern Europe,  today announced that the Company is scheduled to present at the UBS Global Technology and Services Conference on Wednesday, November 16, 2011, at 2:00 p.m. Eastern Time. Dmitry  Loschinin, President and CEO of Luxoft, a principal subsidiary of IBS Group  providing advanced application and software engineering outsourcing services for global and regional enterprises,  will present a Company overview followed by the Q&A session.  

About IBS Group

IBS Group is a leading software development and IT services provider in 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, IT outsourcing, business and IT consulting, business applications implementation. IBS Group is headquartered in Russia and has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Canada, Vietnam and Singapore. IBS Group employs more than 7,600 people worldwide.  In 2010 financial year, IBS Group reported US GAAP revenues of US$656mm.

IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.DE).  IBS Group is majority-owned by management with portfolio investors holding 35% of the Group's share capital. For more information on IBS Group, please visit http://www.ibsgr.com.

About Luxoft

Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises.  Luxoft builds partnerships with its clients, such as Boeing, IBM, Harman, Avaya, Alstom, Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft's customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models.

Investor Contacts:
Dmitry Ivanov
+7-495-967-8000
[email protected]

Media Contacts:
Julia Simonova
+1-212-964-9900 (x 228)
[email protected]

Alina Plaia
+1-212-964-9900 (x 230)
[email protected]

SOURCE IBS Group Holding Ltd