Luxoft Acquires US-based Digital Innovation Agency, Smashing Ideas Zug, SWITZERLAND -- June 18, 2018 -- Luxoft Holding, Inc (NYSE:LXFT), a global IT service provider, today announced the acquisition of Smashing Ideas, a Seattle-based design and innovation agency. Smashing Ideas consults across the product design and development lifecycle, with a focus on accelerating innovation at every stage for their Global 500 clients. Their approach and depth of experience in strategy, design, development, and program management fosters collaboration and enables them to bring new products, services, and businesses to market, faster. Luxoft purchased Smashing Ideas from Penguin Random House, the world’s largest trade-book publisher, which has owned the company since 2011. This acquisition bolsters Luxoft’s digital research, strategy, and design capabilities, and illustrates its ongoing commitment to provide valuable expertise to its global clients. It comes at a pivotal time in the industry, when ongoing collaboration among technology, design, and strategy is critical to delivering products as companies look to enhance their user experience, improve their results and ensure market share gains. The acquisition expands the range of services both companies can provide, creating a unique market position that accelerates clients through all phases of their lifecycle. The increased depth of capabilities is intended to positively impact each of Luxoft’s lines of business: Digital Enterprise, Financial Services and Automotive, with Smashing Ideas supporting Luxoft’s horizontal digital transformation practice, Luxoft Digital. “Our commitment to helping revolutionize the technology offerings of our clients is more evident than ever with our acquisition of Smashing Ideas,” said Dmitry Loschinin, CEO and President of Luxoft. “Luxoft prides itself on being a value-added provider that is focused on technical strategy and implementation. This move further extends our capabilities into design and business strategy, allowing us to provide even more value to our strategic client partners.” Smashing Ideas CEO, Brian Burke, added, “By joining Luxoft, we are well-positioned to advance our clients’ most ambitious initiatives across the innovation lifecycle. Luxoft’s worldwide presence enables us to collaborate across time zones to service global clients via a multitude of delivery centers. This allows us to bring products to market faster, while Luxoft’s deep technical expertise in blockchain, IoT, and machine learning amplifies the enterprise scale we can provide. Together, we look forward to being a true innovation partner to our clients’ organizations.” “Penguin Random House and Smashing Ideas have enjoyed a long and productive working relationship. While we have continued to work together on several exciting digital product experiences, we believe that moving forward, Smashing Ideas, and its exceptionally talented strategists, designers, developers and program managers, will be best served by an owner that can contribute more synergies and added value for shared clients. We believe Smashing Ideas and Luxoft are a perfect fit, and we wish them enormous success together,” said Nina von Moltke, President, Director of Strategic Development, Penguin Random House U.S.. GP Bullhound acted as the exclusive financial advisor to Penguin Random House and Smashing Ideas on this transaction. About Luxoft: Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges. Luxoft has more than 12,900 staff across 42 cities in 21 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit www.luxoft.com. About Smashing Ideas: Founded in 1996 and headquartered in Seattle, WA, Smashing Ideas is a design and innovation agency with deep expertise in creating highly engaging digital experiences. They partner with the Global 500 to create connected smart products, apps, websites, and content management systems that make a positive impact on user engagement and their clients’ bottom line. From business strategy and service design to UX, visual design, and development, their trademarked process, Motivational UX™, accelerates digital transformation and increases user engagement. Their unique service offerings, which include lean strategy, digital product and service design, product realization, managed services, and data science and analytics, has resulted in 60+ awards and a Fortune 500 client list spanning manufacturing, mobility, health, entertainment, and retail. Forward-Looking Statements: This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise. Investor Inquiries Tracy Krumme Vice President, Investor Relations 212.964.9900 x246 IR@luxoft.com Media Inquiries Robert Maccabe Director, Public Relations t: +44 (0)20 3828 2346; m:+44 7950 517 836 Press@luxoft.com Twitter: @Luxoft Brittany Carlstrom Associate Marketing Director t: 1.206.378.0100 ext. 143 PR@smashingideas.com Twitter: @smashingideas          

• AUTUMN by Ali Smith (Pantheon Books) The extraordinary friendship of an elderly songwriter and the precocious child of his single-parent neighbor is at the heart of this novel that darts back and forth through the decades, from the 1960s to the era of Brexit. The first in a projected four-volume series, it’s a moving exploration of the intricacies of the imagination, a sly teasing-out of a host of big ideas and small revelations, all hovering around a timeless quandary: how to observe, how to be. Read NYT review of “Autumn”

 

• EXIT WEST by Mohsin Hamid (Riverhead Books) A deceptively simple conceit turns a timely novel about a couple fleeing a civil war into a profound meditation on the psychology of exile. Magic doors separate the known calamities of the old world from the unknown perils of the new, as the migrants learn how to adjust to an improvisatory existence. Hamid has written a novel that fuses the real with the surreal — perhaps the most faithful way to convey the tremulous political fault lines of our interconnected planet. Read NYT review of “Exit West”

 

• THE EVOLUTION OF BEAUTY: How Darwin’s Forgotten Theory of Mate Choice Shapes the Animal World — and Us by Richard O. Prum (Doubleday) If a science book can be subversive and feminist and change the way we look at our own bodies — but also be mostly about birds — this is it. Prum, an ornithologist, mounts a defense of Darwin’s second, largely overlooked theory of sexual selection. Darwin believed, in addition to evolving to adapt to the environment, some other force must be at work shaping the species: the aesthetic mating choices made largely by females. Prum wants subjectivity and the desire for beauty to be part of our understanding of how evolution works. A passionate plea that begins with birds and ends with humans and will help you finally understand, how in the world we have an animal like the peacock. Read NYT review of “The Evolution of Beauty”

 

• GRANT by Ron Chernow (Penguin Press) Even those who think they are familiar with Ulysses S. Grant’s career will learn something from Chernow’s fascinating and comprehensive biography, especially about Grant’s often overlooked achievements as president. What is more, at a time of economic inequality reflecting the 19th century’s Gilded Age and a renewed threat from white-supremacy groups, Chernow reminds us that Grant’s courageous example is more valuable than ever, and in this sense, “Grant” is as much a mirror on our own time as a history lesson. Read NYT review of “Grant”

 

• PRIESTDADDY by Patricia Lockwood (Riverhead Books) In this affectionate and very funny memoir, Lockwood weaves the story of her family — including her Roman Catholic priest father, who received a special dispensation from the Vatican — with her own coming-of-age, and the crisis that later led her and her husband to live temporarily under her parents’ rectory roof. She also brings to bear her gifts as a poet, mixing the sacred and profane in a voice that’s wonderfully grounded and authentic. This book proves Lockwood to be a formidably gifted writer who can do pretty much anything she pleases. Read NYT review of “Priestdaddy”

 

All three complete lists are online and will appear in in their entirety the Book Review’s December 3 print edition. Middle Grade ALL’S FAIRE IN MIDDLE SCHOOL written and illustrated by Victoria Jamieson. (Dial) “I dub thee brilliant,” our reviewer, Marjorie Ingall, said of this graphic novel about a girl just starting middle school, whose family works at a Renaissance faire. THE STARS BENEATH OUR FEET by David Barclay Moore. (Knopf) This sparkling debut is about a grieving Harlem boy who’s lost his older brother and finds in friendship and competitive Lego building a path away from the lure of gangs. TUMBLE & BLUE by Cassie Beasley. (Dial) A boy and his new friend head out on a quest to escape a family curse that runs through generations in this exuberant, heartfelt fantasy set mostly in an alligator-filled Georgia swamp. Young Adult AKATA WARRIOR by Nnedi Okorafor. (Viking) This enthralling second book about Sunny, an albino Nigerian girl who can do magic, has her mastering her powers to save the world from apocolyptic doom. LA BELLE SAUVAGE by Philip Pullman (Knopf) Pullman’s long-awaited prequel to the “His Dark Materials” trilogy pulls you back into the fascinating alternate universe of the original series, exploring the nature of the powerful substance called Dust and following the heroine, Lyra Belacqua, from babyhood. I AM NOT YOUR PERFECT MEXICAN DAUGHTER by Erika L. Sánchez. (Knopf) This gripping debut finds humor as well as pathos in 15-year-old Julia’s quest to uncover her Mexican-American family’s secrets after the death of her seemingly dutiful sister. TURTLES ALL THE WAY DOWN by John Green. (Dutton) Green’s chronicle of a teenager’s struggle to live and love—and solve a mystery—despite her debilitating obsessive-compulsive disorder is simply “astonishing,” said our reviewer, Jennifer Senior.

The Penguin Audio was produced by our multi-GRAMMY® nominated Audio colleague Dan Zitt.  It is also available in Blue Rider Press print and e-book editions. Congratulations to all. Penguin Random House Audio titles have previously received 14 GRAMMY® Awards, including last year’s Best Spoken Word Album winner, Carol Burnett’s In Such Good Company, and 42 additional GRAMMY® nominations. Fingers crossed for us at the 60th Annual GRAMMY® Awards, which will be presented Sunday, January 28, 2018, at Madison Square Garden.