LUXOFT Invests in R&D to Offer More Value to Customers
Nov 06, 2003
MOSCOW, 5 November 2003 - LUXOFT, the leading Russian software development service provider is bringing together cutting-edge scientific know-how with an industrial approach to software manufacturing. This combination melded with robust methodology, gives LUXOFT the capability to provide it's customers with added value and guarantees that the most complex problems will be solved.
LUXOFT's investment in Research and Development (R&D) will serve as the foundation for innovative software products and solutions.
Russia, with its combination of the world's best scientists, educational system, innovative ideas, and historical traditions of high-tech research, guarantees LUXOFT's future growth. Within its R&D initiative LUXOFT has already established a relationship with Russian Academy of Sciences and other well-known scientific organizations.
LUXOFT has established and is leading a Scientific Advisory Board where Russia's best scientists meet on a regular basis to discuss new directions and propose ideas for future research.
The main areas of LUXOFT research are:
- Security and Risk Assessment
- Visual Simulation solutions (decision verification, situational awareness and training, what-if analysis) utilizing Agent-Based Modeling, evolutionary computing and other AI techniques.
- Autonomous (Near-Real time) Intrusion detection and prevention technology based on Active Networks, Multi-Agent systems and Automated Machine Learning.
- Wireless Sensor Networks - Self-organizing and self-healing wireless embedded networking optimized for sensing and control applications. LUXOFT develops applications for Security/Surveillance, First Responders, Machine health and Building Automation.
- Advanced Testing - Unique Specification-Based Testing methodology and tools for verification of embedded, real-time and mission critical software, as well as compilers.
"While R&D currently is not seen as a typical area of expertise for most offshore software development companies, we strongly believe that our investments will help our customers be innovative and competitive. Through these efforts we are trying to 'light the way' and deliver more than just lower development costs", said Vasily Suvorov, Chief Technical Officer of LUXOFT.
About LUXOFT
LUXOFT (www.luxoft.com) is a member of the IBS Group, Russia's largest and most successful IT holding company. IBS Group's key business services are: consulting, system integration, informational systems implementation, outsourcing and disaster recovery, and software development. Established in 1992, IBS Group has over 3,500 employees operating in 16 countries worldwide. Showing substantial annual growth above 20% over the past five years, IBS group is expected to finish 2003 with a revenue of $450M. Among IBS Group's clients are: Boeing, IBM, Dell, CitiBank, British Petroleum, Shell, Deloitte & Touche, JP Morgan, Ford, Mars, U.S. Department of Energy, and many others across the globe. LUXOFT is the fastest growing member of the IBS Group.
For four consecutive years Russia has enjoyed a stable growth in its economy. With a significant R&D heritage, the world's best educational system, and the largest pool of highly qualified software engineers and researchers, the country is the ideal place for outsourcing of complex software engineering and R&D projects. The Russian IT & Telecommunications sectors are experiencing an average growth of 45% and are expected to reach $20 billion by 2005 (Source: Ernst&Young). The country is acknowledged by major U.S and European companies, such as Boeing, Intel, Motorola, IBM, Sun Microsystems and many others running and expanding their innovative R&D centers in Russia. The true evidence of the country's success is in the recent achievement of investment grade status by independent Moody's Investment Services for the first time in Russia's history. Russia was also included in the list of the world's 10 most attractive countries for direct foreign investments.
LUXOFT's investment in Research and Development (R&D) will serve as the foundation for innovative software products and solutions.
Russia, with its combination of the world's best scientists, educational system, innovative ideas, and historical traditions of high-tech research, guarantees LUXOFT's future growth. Within its R&D initiative LUXOFT has already established a relationship with Russian Academy of Sciences and other well-known scientific organizations.
LUXOFT has established and is leading a Scientific Advisory Board where Russia's best scientists meet on a regular basis to discuss new directions and propose ideas for future research.
The main areas of LUXOFT research are:
- Security and Risk Assessment
- Visual Simulation solutions (decision verification, situational awareness and training, what-if analysis) utilizing Agent-Based Modeling, evolutionary computing and other AI techniques.
- Autonomous (Near-Real time) Intrusion detection and prevention technology based on Active Networks, Multi-Agent systems and Automated Machine Learning.
- Wireless Sensor Networks - Self-organizing and self-healing wireless embedded networking optimized for sensing and control applications. LUXOFT develops applications for Security/Surveillance, First Responders, Machine health and Building Automation.
- Advanced Testing - Unique Specification-Based Testing methodology and tools for verification of embedded, real-time and mission critical software, as well as compilers.
"While R&D currently is not seen as a typical area of expertise for most offshore software development companies, we strongly believe that our investments will help our customers be innovative and competitive. Through these efforts we are trying to 'light the way' and deliver more than just lower development costs", said Vasily Suvorov, Chief Technical Officer of LUXOFT.
About LUXOFT
LUXOFT (www.luxoft.com) is a member of the IBS Group, Russia's largest and most successful IT holding company. IBS Group's key business services are: consulting, system integration, informational systems implementation, outsourcing and disaster recovery, and software development. Established in 1992, IBS Group has over 3,500 employees operating in 16 countries worldwide. Showing substantial annual growth above 20% over the past five years, IBS group is expected to finish 2003 with a revenue of $450M. Among IBS Group's clients are: Boeing, IBM, Dell, CitiBank, British Petroleum, Shell, Deloitte & Touche, JP Morgan, Ford, Mars, U.S. Department of Energy, and many others across the globe. LUXOFT is the fastest growing member of the IBS Group.
For four consecutive years Russia has enjoyed a stable growth in its economy. With a significant R&D heritage, the world's best educational system, and the largest pool of highly qualified software engineers and researchers, the country is the ideal place for outsourcing of complex software engineering and R&D projects. The Russian IT & Telecommunications sectors are experiencing an average growth of 45% and are expected to reach $20 billion by 2005 (Source: Ernst&Young). The country is acknowledged by major U.S and European companies, such as Boeing, Intel, Motorola, IBM, Sun Microsystems and many others running and expanding their innovative R&D centers in Russia. The true evidence of the country's success is in the recent achievement of investment grade status by independent Moody's Investment Services for the first time in Russia's history. Russia was also included in the list of the world's 10 most attractive countries for direct foreign investments.