April 18, 2005
"Financial firms that set up captive "in-sourcing" operations overseas are starting to face some of the same staffing issues experienced by outsourcing vendors - and can learn a few things from those vendors" writes Maria Trombly of Securities Industry News. DataArt is featured as an example of a successful outsourcing operation for financial firms, which manages to retain top talent by taking extra steps, including continuing education in financial skills, English classes, long-term contracts and stock-option plans.
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New Technologies that Disrupt the 'Norm' Foster Innovation
April 18, 2005
Suzy Barile of Triangle Business Journal traces the progress of disruptive technologies from 1864 to the current times. While "disruptive" in the music industry, "in the software development business, disruptive technology comes in the guise of offshore outsourcing. And that suits the business model of DataArt - an offshore software outsourcing company serving small to mid-sized clients in the United States and Europe - just fine," states the article. The story quotes the company President Eugene Goland, "While outsourcing has always been a part of everyday life for every organization, it is only now that businesses have access to (a) multitude of vendors around the globe and are no longer limited to choices of their geographical neighbors and local pricing". The article outlines DataArt as a successful example of an innovative global operation: the company "has offices spread around the world: its New York headquarters staff handles sales and client communications, while development takes place in St. Petersburg, Russia, and project management is directed from regional offices in Chapel Hill, Jacksonville, Fla., San Francisco, and London".
Download PDF
"Financial firms that set up captive "in-sourcing" operations overseas are starting to face some of the same staffing issues experienced by outsourcing vendors - and can learn a few things from those vendors" writes Maria Trombly of Securities Industry News. DataArt is featured as an example of a successful outsourcing operation for financial firms, which manages to retain top talent by taking extra steps, including continuing education in financial skills, English classes, long-term contracts and stock-option plans.
Suzy Barile of Triangle Business Journal traces the progress of disruptive technologies from 1864 to the current times. While "disruptive" in the music industry, "in the software development business, disruptive technology comes in the guise of offshore outsourcing. And that suits the business model of DataArt - an offshore software outsourcing company serving small to mid-sized clients in the United States and Europe - just fine," states the article. The story quotes the company President Eugene Goland, "While outsourcing has always been a part of everyday life for every organization, it is only now that businesses have access to (a) multitude of vendors around the globe and are no longer limited to choices of their geographical neighbors and local pricing". The article outlines DataArt as a successful example of an innovative global operation: the company "has offices spread around the world: its New York headquarters staff handles sales and client communications, while development takes place in St. Petersburg, Russia, and project management is directed from regional offices in Chapel Hill, Jacksonville, Fla., San Francisco, and London".
