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TMCNet:  DGAP-News: IBS Group Subsidiary Delivers Navigation Information Platform

[December 05, 2013]

DGAP-News: IBS Group Subsidiary Delivers Navigation Information Platform

(DGAP Corporate News Via Acquire Media NewsEdge) DGAP-News: IBS Group Holding Limited / Key word(s): Miscellaneous IBS Group Subsidiary Delivers Navigation Information Platform 05.12.2013 / 13:47 --------------------------------------------------------------------- IBS Group Subsidiary Delivers Navigation Information Platform Ramsey, the Isle of Man, December 05, 2013 - IBS Group, a leading software development and IT services provider in Central and Eastern Europe announces that Luxoft Holding, Inc. (NYSE: LXFT), a subsidiary of IBS Group, has completed full cycle commercial software development work on the life-saving navigation system ERA-GLONASS.

ERA-GLONASS, run by the GLONASS Non-Commercial Partnership (NP GLONASS), is a national emergency response system that helps save lives in traffic accidents and other incidents on Russia's roads - slashing the time it takes the emergency services to arrive on the scene by 30%.

It harnesses the power of modern technologies such as telecommunications, information processing, and satellite navigation solutions (GLONASS and GPS) in order to cut the time it takes the emergency services to respond to an incident by helping them identify the location and other details of each incident with greater speed and precision.

Under its contract with NP GLONASS, Luxoft worked to a tight schedule to develop the software for the navigation and information platform, which is a complex nation-wide system designed to interact with numerous external systems that meets stringent reliability and availability requirements.

Luxoft's project team assessed the platform's current state, established the algorithm for its development, carried out process flow analysis work, and set in place a two-stage delivery schedule.

Phase one was launched in April 2013. Luxoft developed a test prototype of the navigation and information platform for preliminary system tests. Phase two started in June 2013, after system tests were completed successfully, and included further development of the commercial platform that will be rolled out across 83 Russian regions.

To schedule, on 31 October 2013, Luxoft successfully delivered the nationwide navigation and information platform for ERA-GLONASS under the contract with NP GLONASS. Luxoft is currently supporting NP GLONASS in integrated system tests that were jointly scheduled by Luxoft and the customer.

'Successful delivery on this challenging project, within a very limited time-frame, is yet further testimony to our team's professionalism and excellence. Our deep expertise in developing software solutions for the automotive and telecommunications sectors helped us develop a top quality innovative system which is unparalleled anywhere in the world,' said Dmitry Loschinin, President and CEO of Luxoft.

'Serving as evidence of our leadership in software development, completing this project successfully also makes a tangible contribution to the community, as ERA-GLONASS will help save thousands of lives every year.' Experts have said that implementing ERA-GLONASS will dramatically reduce the number of traffic-related deaths and severe injuries, especially in remote locations, helping save approximately 4,000 lives each year.

About Glonass Union (NP GLONASS) Non-commercial Partnership for Development and Use of Navigation Technologies (GLONASS Union) was established on 21 May 2012 with the goal of developing and adopting GLONASS technology-based products and services in Russia and abroad.

GLONASS Union members (as of October 2013) are leading Russian companies in telecommunication, IT, and navigation markets: JSC VimpelCom, JSC MegaFon, JSC MTS, JSC Navigation Information Systems, JSC Rostelecom, JSC Summa Telecom, Transas Group, Cesar Satellite Group, Yandex LLC, and Association GLONASS/GNSS Forum.

25 May 2012 - GLONASS Union is designated the Russian National Navigation Services Provider (Russian Federation Government Resolution No. 522) 18 September 2012 - GLONASS Union is designated as the exclusive contractor for implementation of the ERA-GLONASS National Accident Emergency Response System project (Russian Federation Government Resolution No. 1732-r) Key GLONASS Union Projects * Building the ERA-GLONASS National Accident Emergency Response System * Participation in the implementation of the Republic of Kazakhstan EVAK National Accident Emergency Response System project * Participation in the implementation of the Republic of Belarus ERA-RB National Accident Emergency Response System project * Conducting joint pilot projects for the purpose of shaping the Russian insurance telematics market with the Russian Association of Motor Insurers, Mosgortrans, and other market participants 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 8,500 people worldwide. In the year ended March 31, 2013, the Group reported US GAAP consolidated revenues of USD870.3 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).

For more information about IBS Group please visit or contact Investor Relations: Andrei Novikov IR Director tel: +7 (495) 967 8000 (ext.4095) Media Relations: Ekaterina Beskhizhko PR Manager tel: +7 (495) 967 8080 (ext.2963) 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.

End of Corporate News --------------------------------------------------------------------- 05.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at and --------------------------------------------------------------------- Language: English Company: IBS Group Holding Limited Kissack Court, 29 Parliament Street IM8IJA Ramsey (Isle of Man) Isle of Man Phone: +7 495 967 80 00 Fax: +7 495 967 80 99 E-mail: Internet: ISIN: US4509391037 WKN: A0MJ2Z Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin End of News DGAP News-Service --------------------------------------------------------------------- 243354 05.12.2013

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