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IBS Group Strengthens its Management Team

RAMSEY, the Isle of Man, October 23, 2012 /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, has announced that Michal Cupa is to be the new president of IBS DataFort, subsidiary of IBS IT services. Michal has 20 years' experience in the telecommunications and IT/software industry, mostly from senior executive positions.

Established in 2001, IBS DataFort is one of Russia's leading providers of outsourced data centre-based services. As such, it has been recognized in the Global Services 100 List and in IAOP's Global Outsourcing 100 Ranking of Rising Stars. Michal's primary focus will be to develop IBS DataFort into a leading cloud provider in Russia.

Commenting on his new position, Michal Cupa, IBS DataFort's new president said, "We are positive that IBS DataFort will become a leader in Cloud computing in Russia. My primary objective is to strengthen IBS DataFort's team, establish a powerful network of partners, and form relationships with global Cloud leaders to deliver best-in-class Cloud solutions.  In Russia, we see a lot of opportunities and both our local and international customers, are starting to see the benefits of the Cloud. This is an exciting time for the IT sector."

Sergey Matsotsky, Senior Vice President of IBS Group commented, "Currently the entire IT market, and IT outsourcing in particular, is undergoing significant changes; IT systems are becoming increasingly centralized, and classic corporate IT infrastructures are being replaced by clouds. We are sure that by combining IBS leadership in IT system integration and IBS DataFort expertise in providing high quality SLA-based support, we will bring attractive Cloud offerings to our customers."

Before joining IBS, Michal Cupa headed Nokia Siemens Networks, Sub Region Russia. Prior to that, he was CEO of Azertelecom (Azerbaijan), General Manager of the Online Services Group at Microsoft Russia, and CEO at Microsoft Czech Republic & Slovakia. Under Michal's leadership Microsoft Czech Republic was twice awarded No.1 subsidiary worldwide. Prior to Microsoft, Michal spent 15 years in senior executive positions in the telecommunications industry; specifically, in Russia, where he was Senior Vice President & Chief Operating Officer (COO) at Golden Telecom and General Manager of Sovintel. Michal graduated from the Czech Technical University in Prague and holds a Master of Business Administration degree from the University of Chicago (USA) and Master of Business Telecommunications degree from Delft University of Technology (the Netherlands).

Mr Matsotsky summed up Mr Cupa's extensive experience in IT and telecommunications, saying, "Michal possesses unique insights in both IT and telecommunications, and has overseen some major achievements in strategic business development. We are sure that his expertise will help to realize IBS DataFort's potential."

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)

For more information about IBS Group please visit http://www.ibsgr.com


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.

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