IBS Leadership in the Consulting Market Reaffirmed by Authoritative Rankings

IBS, continues to be a strong and consistent leader in the Russian consulting market, having yet again ranked first among top fifty market players in 2010, according to Kommersant-DENGI magazine.

The ranking by Kommersant-DENGI for 2010 relates IBS total revenue from consulting services in excess of RUB10 billion. This is more than twice as much as the nearest competitor.

Segment wise, IBS is a consulting leader in Financial Management, Production, and Information Technology, holding a dominant position in HR Management and General Management and Administration.

IBS was earlier named consulting company No. 1 in Russia in another authoritative study by Expert RA rating agency. Besides the company's overall leadership in the consulting market, Expert RA ranked IBS as the key player in IT Consulting - Management Consulting, IT Consulting - IT Implementation and System Integration, Financial Consulting, and as one of the leaders in Strategic Consulting, Production Management Consulting and HR Management Consulting.

Company profile

IBS IT Services is the leader in the Russian IT and consulting market. It is part of IBS Group Holding Limited (IBSG), along with Luxoft. Its core lines of business span management consulting, implementation of business applications, IT outsourcing and IT infrastructure. IBS headcount is about 3,000 employees including over 1,500 certified consultants and professionals. IBS customer base includes 34 of Russia's top fifty companies. For more information on IBS, please visit http://www.ibs-company.com.

IBS Group is the leading emerging European IT player. Through its two principal subsidiaries, Luxoft and IBS IT Services, it provides a wide variety of information technology services, such as software development, business and IT consulting, business applications implementation, and IT outsourcing. IBS Group is headquartered in Russia and has business operations in Russia, Canada, Germany, Romania, Poland, Switzerland, the UK, Ukraine, the USA, Vietnam and Singapore. IBS Group employs more than 7,200 people worldwide. In 2009 financial year, IBS Group reported US GAAP revenues of US$505m.

IBS Group's Global Depositary Receipts (GDRs) are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.DE). IBS Group is majority-owned by management with portfolio investors holding 32% of the Group's share capital. For more information on IBS Group, please visit http://www.ibsgr.com.