DataArt Conducts Financial Technology Executive Webinar

As part of its Financial Technology events series, DataArt organized an executive Webinar, “How to Make Software Outsourcing Effective” which provided key insights on what works and what doesn’t in software outsourcing for small and mid-size financial technology companies

Marina Kolesnik, Senior VP at DataArt, shared the results of an outsourcing survey "The Changing Face of Outsourcing", jointly conducted by DataArt and Hedge Fund & Investment Technology magazine (now Buyside Technology). Among companies surveyed, more than 60 financial software companies utilize offshore talent, 88% of which do so for software development, 69% for testing and 64% for product design. Among key challenges for outsourcing, respondents named IP risk, delayed learning curve and lack of industry or product knowledge of a vendor’s team.

Tom Castriota, Founder and Managing Partner of Work American Style, discussed the importance of improving communications on offshore projects. Key tactics included creation of a communication plan, identifying key groups within a team, setting expectations and controlling the message. He also shared the mechanics of a communication plan that works, from organizing and recording meetings to setting up a reporting structure.

Alexei Miller, Executive VP at DataArt, devoted his presentation to two major success factors in the lifecycle of an outsourcing relationship: vendor selection process and outsourcing engagement models. The first suggested checking vendor compatibility with client-side application portfolio, as well as industry expertise and process compatibility. The latter focused on choosing correctly among the three engagement models: team-based (staff augmentation), project-based and application-based.

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DataArt President Speaks at CEED Regional Conference in Slovenia

Eugene Goland, President of DataArt, was one of the distinguished speakers and round table moderators at “Building a Successful Multinational SME” conference, hosted by Center for Entrepreneurship and Executive Development in Rogaska Slatina, Slovenia.

The first CEED Regional Conference brought together a group of selected 70 high growth SMEs from East and South East European Region. Experts from international consulting, ICT and finance institutions provided highly practical insights on ways of building successful enterprises.

Eugene Goland’s presentation, “How to Get More Business through International Networking”, discussed global trends affecting SMEs and various business development tools, necessary for networks expansion. According to Goland, the key to success of most SME service companies is network growth and management, which includes contact history logging, classification and targeting, as well as marketing broadcasts and measuring network growth. “This was probably the best networking-oriented conference I have ever attended,” said Goland. “A solid partner network is crucial for the success of any SME, and I was thrilled to present on the subject.”

RELATED RESOURCES:

• CEED - Center for Entrepreneurship and Executive Development

DataArt Presents Russian IT Capabilities at IAOP Boston Chapter Meeting

DataArt was among five presenters at "Russia and Eastern Europe: Multisourcing at Work" panel, hosted by the Boston Chapter of International Association of Outsourcing Professionals (IAOP). The panel comprised of the leading vendors with operations in the region, presented Russia's strengths and differentiators in the area of IT outsourcing.

Marina Kolesnik, Senior VP at DataArt, spoke of Russia's demonstrated leadership in expertise based outsourcing, including areas such as high-end R&D and application development work, embedded software product development, system engineering, multi-platform expertise and algorithmic work as well as vertical specialization in financial, telecom and high-tech industries. Russia's other differentiators mentioned by panellists, included price, world class education, large talent pool, stable workforce and geographical/cultural proximity to European clients.

The IAOP Boston meeting is the first of many steps in a joint effort of vendors to showcase Russia as a destination of choice for R&D and application outsourcing. Panellists' examples covered a number of Fortune 500 companies that in the past few years have chosen Russia as a destination for outsourcing certain technology tasks because of the expertise and quality of resources available there. Presenters demonstrated how expertise based outsourcing allows delivering increased client value and improve ROI through effective high-performing resources. In conclusion, panelists advised the audience that proper outsourcing arrangements should be based on skill and expertise of a vendor, not its geographic location.

DataArt Featured in IDC Analytical Report Highlighting Strengths of Russian Software Development Outsourcing Industry

DataArt is featured in a new IDC report which focuses on Russia as a location for offshore software development. The study, produced by IDC and sponsored by RUSSOFT, bases its findings on interviews with the U.S. and European firms that have outsourced development of software applications to companies with R&D operations in Russia.

The research finds that stability of the relationship, technical expertise, and relatively low staff turnover are key advantages of Russian software development companies. Though price is often behind the initial supplier choice, these factors influence strongly the quality of service and strength of the relationship that customers value in their dealings with outsourcing providers with R&D operations in Russia.

Participating companies pointed to the availability of very well educated engineers, strong technical skills, and sound methodologies. DataArt is profiled as a company with specific business domain expertise, low attrition and high customer retention rates, with market focus in financial (asset management), telecom and media sectors.

“We are glad that Russia has finally gained a prominent place on the radar of leading research organizations studying worldwide IT markets,” said Eugene Goland, President of DataArt. “Russia is often overshadowed by other geographical locations for pure volumes of outsourcing, whereas its main offering is specific skills and expertise, often not found in other places.”

RELATED RESOURCES:

• Russia as Offshore Software Development Location: Should You Consider This Your Next Move?

DataArt is Featured in IDC Analytical Report Highlighting Strengths of Russian Software Development Outsourcing Industry

New York, May 3, 2007 – DataArt, a high-end software outsourcing company, is featured in a new IDC report which focuses on Russia as a location for offshore software development. The study, produced by IDC and sponsored by RUSSOFT, bases its findings on interviews with the U.S. and European firms that have outsourced development of software applications to companies with R&D operations in Russia.

The research finds that stability of the relationship, technical expertise, and relatively low staff turnover are key advantages of Russian software development companies. Though price is often behind the initial supplier choice, these factors influence strongly the quality of service and strength of the relationship that customers value in their dealings with outsourcing providers with R&D operations in Russia.

Participating companies pointed to the availability of very well educated engineers, strong technical skills, and sound methodologies. DataArt is profiled as a company with specific business domain expertise, low attrition and high customer retention rates, with market focus in financial (asset management), telecom and media sectors.

“Several factors work as Russia’s differentiators on the world market, such as the large pool of highly skilled professionals with mathematics and science backgrounds, capable of solving complex and math-intensive problems,” said Vladimir Kroa, Regional Director for IT Services Research, IDC Research. “Also, Western European and American organizations often perceive Russia as being a closer cultural fit than countries like India, China, or the Philippines.”

“We are glad that Russia has finally gained a prominent place on the radar of leading research organizations studying worldwide IT markets,” said Eugene Goland, President of DataArt. “Russia is often overshadowed by other geographical locations for pure volumes of outsourcing, whereas its main offering is specific skills and expertise, often not found in other places.”

IDC anchored the research by conducting in-depth interviews with senior management from 20 U.S. and Western European companies in the IT (hardware, software, and services) and telecoms sector. Each of the 20 companies had nearshore / offshore experience with Russian suppliers for application development, from specific tasks to full R&D processes, including design, testing, and continuous maintenance. Company revenues ranged from $10 million to $100 billion, with offices spanning one country to near 100.

The results of the research are contained in a white paper available for download at http://www.russoft.org/downloads/IDC_research.pdf.

About DataArt
DataArt (www.dataart.com) is a high-end custom software development company with industry-specific expertise in financial technology, telecom and media sectors. The company specializes in enterprise application development, system integration and business automation tools. Headquartered in New York City, DataArt runs state-of-the-art R&D centers in St. Petersburg and Voronezh, Russia, and maintains offices throughout the U.S. and in London, UK. In the last year, DataArt was named one of the world’s top emerging outsourcing providers by BusinessWeek, CMP’s Global Services 100 and International Association of Outsourcing Professionals.

Media Contact:
Vica Vinogradova
212-378-4108 x 14
vica@dataart.com