IBS Group to Develop Big Data Business

                    IBS Group to Develop Big Data Business

  PR Newswire

  RAMSEY, The Isle of Man, February 19, 2013

RAMSEY, The Isle of Man, February 19, 2013 /PRNewswire/ --

    Please refer to relevant legal information at the end of the document

IBS Group , a leading software development and IT services provider in Central
and Eastern Europe, announces that MrIshkhan Kazinian is appointed Head of
Data Integration Division of IBS IT Services, a member of IBS Group.

The increasing interest in big data solutions is driven by the fast growth of
digital data sets. Analysts predict that volumes of data, including corporate,
will snowball at annual rates reaching 50% over the next five years.

IBS Group has already implemented a number of projects utilising big data
technologies for major international companies, especially in the banking and
power sectors. In particular, Luxoft, an IBS Group company, presented its
DMMessenger software platform in January 2013. DMMessenger uses big data
approaches to analyse electricity consumption in grids of any size and
streamline power supplies to consumers. Also, IBS IT Services experts were
involved in developing Medialogia, which was one of Russia's largest projects
in unstructured data analysis.

Backed by a unique team of data integration and big data experts, IBS IT
Services is now building a dedicated division in Russia to develop this
business. The new Data Integration Division will develop market corporate data
integration and big data solutions based on best technologies offered by the
world's leading vendors and will be in charge of their roll-out and
integration in customers' IT infrastructures.

The division will be led by Ishkhan Kazinian , who has returned to IBS from
the position of Deputy Managing Director for Strategic Industries at SAP CIS.
Ishkhan had been with IBS in 2004-2010, having worked up from business
development to Deputy Head of Corporate Management Systems. In addition,
Ishkhan secured a strong track record in managing large-scale in-house IT
projects while employed by LUKOIL.

Sergey Matsotsky, Senior Vice President of IBS Group, said: "To develop our
Big Data business, we rely on Ishkhan Kazinian's background both with IBS
(including externally as a top executive at our partner company) and on the
client side in business units and IT department. Under Ishkhan's direction,
the Data Integration Division is expected to develop and bring to the market a
competitive portfolio of big data processing solutions, build relationships
with technology partners, and, most importantly, relationships with customers
to identify their business needs in data integration and offer efficient IT
solutions to their tasks."

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 8,300 people worldwide. In
the year ended March 31, 2012, the Group reported US GAAP consolidated
revenues of USD816.3 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)

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.

Contact: Investor Relations: Andrei Novikov, IR Director, +7(495)-967-8000
(ext.3095), anovikov@ibs.ru ; Media Relations: Ekaterina Beskhizhko, PR
Manager, +7(495)-967-8080 (ext.2963), ebeshizhko@ibs.ru
 
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