Top News

American Apparel Got Indication of Interest for $1.30-$1.40 per Share
Tweet TWEET

IBS Group Member to Collaborate with Ford on an Open-Source Car Connectivity Standard

 IBS Group Member to Collaborate with Ford on an Open-Source Car Connectivity
                                   Standard

  PR Newswire

  RAMSEY, the Isle of Man, February 26, 2013

RAMSEY, the Isle of Man, February 26, 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 Luxoft , a member of the IBS Group and a
global provider of advanced application and product development services, will
work with Ford to develop an open-source car connectivity technology, called
SmartPhoneLink . The new open standard will combine the features of Ford's
AppLink™ software with Luxoft's open-source iviLink as well as connectivity
solutions from other organizations willing to contribute their code.

" Luxoft has been steadfastly committed to creation of an industry-wide open
standard for car connectivity and integration of mobile devices and apps, "
said Vasiliy Suvorov, VP Technology Strategy at Luxoft.  " The technology
fragmentation that we currently see in the market inhibits the growth of car
connectivity solutions and limits amount of innovation and creativity that app
developers can bring. We see the decision by Ford to contribute its
market-leading AppLink technology to the developer community as an important
milestone toward a common connectivity standard. Luxoft will work with Ford to
integrate the top features of our open source iviLink technology into
SmartPhoneLink and will focus on helping to bring the new platform to
automakers worldwide. "

iviLink is an open source technology developed specifically to facilitate
bringing apps into cars safely and efficiently. iviLink attracts a large
developer community, thus benefiting the industry with advanced applications
and use cases. iviLink is an API-centric open technology with a profile-based
architecture that gives OEMs full control over all features to guarantee safe
operations. iviLink operates over any serial link such as Wi-Fi or Bluetooth,
and is designed to work with a wide variety of head units and mobile devices.

The GENIVI Alliance is leading the adoption of an open-source development
platform for in-vehicle infotainment. Luxoft is one of the key players in the
GENIVI Alliance's effort that is focused on developing standards for
technologies dedicated to connectivity of external consumer devices to a head
unit. Along with other GENIVI members, Luxoft is driving the creation of a
Smart Device Connectivity solution that will combine the best capabilities of
iviLink and all other technologies under one roof. Such a standard will usher
in a new era of car compatible apps that will redefine the car experience for
drivers and passengers.

Luxoft will work with Ford and the entire developer community to add such
vital and unique features of iviLink as symmetrical two-way app integration to
the new standard. After the new standard has been adopted by the industry,
Luxoft plans to continue working on developing new applications and adding
capabilities to this open source technology, which will further enrich the
user experience. You can learn more about Luxoft's car connectivity
technology, iviLink, at http://www.ivilink.net .

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: For more information about IBS Group please visit
http://www.ibsgr.com or contact Investor Relations: Andrei Novikov, IR
Director, tel: +7(495)967-8000 (ext.3095), anovikov@ibs.ru; Media Relations:
Ekaterina Beskhizhko, PR Manager, tel: +7(495)967-8080 (ext.2963),
ebeshizhko@ibs.ru
 
Press spacebar to pause and continue. Press esc to stop.