IBS Group History

The Group has completed a listing standard upgrade for its GDRs at the Frankfurt Stock Exchange.

The Group divested its hardware manufacturing segment (Depo) in September 2009.

Luxoft acquired ITC Networks Group and expanded its expertise and customer base.

IBS SI Ltd. acquired the Russian IT company group "Borlas".

The global depositary receipts were included for trading in the Open Market of the Frankfurt Stock Exchange.

Luxoft acquired New York-based IT Consulting International (ITCI), an IT outsourcing company.

The Group acquired the online software delivery business "Softkey".

Luxoft established its first development center outside of Russia, in Kiev, Ukraine.

The Group completed a private placement of 7,029,500 ordinary shares in the form of global depositary receipts.

Depo became the number one manufacturer of PCs in Russia by the number of units sold.

The Group started hardware manufacturing under the Depo brand to gradually replace the hardware distribution business.

Luxoft obtained Capability Maturity Model ("CMM") and Capability Maturity Model Integration ("CMMI") level 5 quality certificates.

IBS began promoting IT outsourcing services under the Data Fort brand.

The Group obtained long-term financing from IFC.

Luxoft opened a sales office in the United States.

The Group established Luxoft to provide software development services.

IBS became a Golden Partner of Cisco and a Local Alliance Partner of SAP.

IBS started its SAP R/3 business.

IBS signed a contract with British Petroleum for the automation of British Petroleum gas stations in Russia.

The Group became the exclusive distributor in Russia for the Dell Computer Corporation.

The Group started hardware distribution through its subsidiary Dealine.

The Group started to provide systems integration services.

Information Business Systems Company, now referred to as OAO IBS IT Services (within this History overview "IBS"), was established on 2 November 1992.