IBS Group is one of the leading software development and IT service providers in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, the Group offers a wide variety of information technology services, including software development and IT outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, UK, U.S., 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 $816.3 million. IBS Group’s global depositary receipts are listed on the Frankfurt Stock Exchange.