DataArt Named to Inc. 5000 List of America’s Fastest-Growing Private Companies

NEW YORK, NY - August 26, 2010 –- DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, was named to the prestigious Inc. 5000 List, a compendium of the most entrepreneurial and fastest growing companies in America.

DataArt was placed in the top third of the list, with an impressive three year growth rate of 171%. DataArt is ranked #114 overall in the Software Industry category and is one of only 410 companies from New York State to make the list.

“Despite the market slump of 2009, DataArt recorded a steady year-to-year revenue growth for the last decade, with 2010 proving to be our best year yet,” said Eugene Goland, President of DatAart. “Our core practices, financial, travel and healthcare, have performed especially well, with important new clients added in the last few months.”

DataArt has recently announced new engagements with TheMarkets.com, FX Bridge, TexTango and Wagumo. More announcements are planned for the fall.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

This is the first time DataArt entered the annual competition, now in its fourth year. To see DataArt’s full Inc. 5000 profile visit http://www.inc.com/inc5000/profile/dataart

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.

About DataArt:
DataArt (http://dataart.com) is a high-end software engineering firm with industry-specific expertise in financial technology, online travel, telecom, media and mobile sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2010, DataArt has been named one of the world's top emerging outsourcing provider

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x.4014
vica@dataart.com

DataArt to Develop Mobile Banner Ad Apps for TexTango™

Software development firm creates new mobile application for mobile marketing ad network

August 11, 2010 –NEW YORK - DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, was selected by TexTango™, a mobile marketing startup based in San Diego, to build a series of mobile ad applications to revolutionize marketing on mobile phones.

TexTango™ is establishing a new advertising network, via the consumer-to-consumer SMS message communications stream, compensating users for sending text messages. TexTango™ users who send SMS messages with the banner ads attached during the alpha test will initially be entered in a sweepstakes to win a new 2010 Smart® car, and other valuable prizes.

DataArt was hired to develop a mobile application for BlackBerry® and Android™ phones. The engagement includes configuring a management system which contains a correct software build for each supported mobile device operating system and selects the right build for downloading to each participating device.

“We chose DataArt for their demonstrated mobile technology skills,” said Allan Lees, Chief Operations Officer of TexTango™. “We received great support from the start, and their developers provided us with the highest level of professionalism every step of the way.”

Besides the mobile apps, DataArt will work on a Web-based version of the application, which will include incorporating functionality from TexTango™ site and its advertisers, developing a content distribution system, integration with payment, accounting and e-mail management systems as well as database implementation.

The TexTango™ network supports charitable nonprofit organizations displaying their advertisements in rotation, including UNICEF, Rady Children's Hospital, Empowering Spirits and the Life Rolls On Foundations, and America's Toothfairy.

"We value clients like TexTango™ for their vision and commitment to a new, big idea,” said Eugene Goland, President of DataArt. “They’re challenging us and their customers to create a better future of mobile advertising options, and we’re happy to bring their vision to life, to become the trusted partner that DataArt strives to be for every client.”

About DataArt:
DataArt (http://dataart.com) is a high-end software engineering firm with industry-specific expertise in financial technology, online travel, telecom, media and mobile sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2010, DataArt has been named one of the world's top emerging outsourcing providers by BusinessWeek, Global Services 100 and IAOP. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine, and maintains offices in London, UK.

About TexTango™:
TexTango™ is a privately-held corporation with headquarters in San Diego, California; the leading mobile marketing company “for the people, and by the people,” monetizing the SMS mobile text message channel at the intersection of mobile advertising and consumer communications. More information available and download the free TexTango™ mobile software application at http://TexTango.com.

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x.4014
vica@dataart.com

Bayard Saunders
+1-615-866-2340
bayard@textango.com

FX Bridge Selects DataArt as a Project Technology Partner

Software development firm wins contract for a migration project for a leading provider of forex solutions

August 3, 2010 –NEW YORK - DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, today announced it has been selected by FX Bridge Technologies Corporation as a project technology partner in migrating its unique trader utilities for its new platform release.

FX Bridge Technologies Corporation is a leading global provider of innovative software solutions to companies which participate in the foreign exchange marketplace. Its flagship product ProTrader Plus™ offers real-time spot, CFD, and options trading in the same account, which provides the dealer, broker, and trader the most comprehensive tools suite available today for the richest trading experience.

DataArt was approached to convert many of the value-add utilities from Visual Basic 6 to .NET 3.5. “Choosing a technology partner is unnerving, especially in the financial technology field where mistakes can mean millions of dollars,” said James Friedman, COO of FX Bridge. “DataArt received our business because they took the time to truly understand what we needed, and provided great support and planning even before we signed the contract.”

The conversion from VB 6 to .NET was not a mere code replacement but included significant design and framework ramifications. DataArt worked closely with FX Bridge to implement the improved framework whereby the UI style, internationalization and business logic elements were separated, which resulted in optimized performance and increased supportability for future enhancements and releases.

“It’s always gratifying to be selected to work with leaders in the industry,” said Eugene Goland, President of DataArt. “We have a deep appreciation of the discipline, commitment to quality and innovation required to build a world class platform for the foreign exchange that is ProTrader Plus™.”

To add to the challenge, the platform reads, stores and manipulates massive amounts of transactional data representing millions of dollars. In handling complex financial derivatives, these tools required rigorous quality assurance procedures to meet exacting financial engineering standards.

“The quality of DataArt’s work meant fewer loop-backs to fix bugs or reengineer features. We look forward to our next opportunity to work together,” said Friedman.

About DataArt:
DataArt (www.dataart.com) is a high-end software engineering firm with industry-specific expertise in financial technology, online travel, telecom, media and mobile sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2010, DataArt has been named one of the world's top emerging outsourcing providers by BusinessWeek, Global Services 100 and IAOP. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine, and maintains offices in London, UK.

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x.4014
vica@dataart.com

TheMarkets.com Selects DataArt as a Dedicated Technology Partner

Software development firm wins contract to provide production support and maintenance for a leader in investment solutions

July 21, 2010 –NEW YORK - DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, today announced it has been selected by TheMarkets.com as a new technology partner, in charge of product support and maintenance.

TheMarkets.com, the premier provider of investment research and workflow solutions to institutional investors worldwide, sought to engage a new technology partner capable of dedicated production support and maintenance for the firm’s innovative technology products. DataArt was selected for its proven software engineering processes, expertise in the financial services industry, and agile approach to software development.

“DataArt will be providing production support and augmenting our development capabilities, which will allow us to be more innovative and increasingly responsive to client requests,” said Rick Treese, Chief Technology Officer at TheMarkets.com. “We’ve enlisted DataArt as a new partner because they demonstrated that they’re able to advance our goals of delivering critical information in a timely and reliable manner.”

“DataArt is delighted to become a trusted development partner for TheMarkets.com,” said Eugene Goland, President of DataArt. “We see a great match in three key aspects: the focus on delivering information to asset management firms, many of which DataArt already serves as a development partner, the culture of out-of-the-box thinking that attracts the best talent in the industry, and a passion to deliver quality services to a demanding client base.”

About DataArt:
DataArt (www.dataart.com) is a high-end software engineering firm with industry-specific expertise in financial technology, online travel, telecom, media and mobile sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2010, DataArt has been named one of the world's top emerging outsourcing providers by BusinessWeek, Global Services 100 and IAOP. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine, and maintains offices in London, UK.

About TheMarkets.com:
TheMarkets.com is the premier provider of investment research, earnings estimates, and workflow solutions to over 2400 institutional investment management firms worldwide.

Media Contacts:
Juliana Allen
+1-617-960-9880
media@dataart.com

Jessica Jacobs
+1-212-812-4664
jjacobs@themarkets.com

DataArt Advances Cloud Computing Application Development Expertise with Successful Prototype, PhotoCloud, on Windows Azure

NEW YORK – May 19, 2010 – DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, today announced it has successfully developed a new software application built on Windows Azure™, Microsoft’s cloud services operating system. The application, PhotoCloud, enhances DataArt’s cloud computing expertise, expands its development capabilities and proves the company’s ongoing R&D commitment to mastering new technology platforms.

PhotoCloud is an online photo manager that allows authenticated users to create albums and upload unlimited images. Unlike similar applications designed to run on traditional environments, PhotoCloud enables unlimited capacity for data storage and processing instances. It also allows the PhotoCloud album manager to quickly and easily scale resources up or down depending on the workload.

“Cloud computing opens a lot of new opportunities, particularly for startups, which drive a significant amount of business for us,” said Dmitry Yakovlev, Vice President at DataArt. “It practically eliminates the high upfront investment in resources and opens numerous new business opportunities, particularly by way of mobile and tablet applications.”

Windows Azure serves as the development, service hosting and service management environment for cloud applications. DataArt has vast development expertise in Azure supported standards and protocols, including Microsoft Visual Studio, PHP, XML, REST and SOAP, so it was a natural evolution for the company. In addition to Windows Azure, DataArt is developing cloud prototypes for Amazon EC2 and Google App Engine.

DataArt has deep domain expertise within financial technology, telecom, online travel and mobile solutions, all of which continue to accelerate their uptake of cloud computing technologies. The company is also working with a client to build a cloud-based medical records system on Windows Azure, which the client plans to move in-house to capitalize on economies-of-scale as it increases its customer base.

About DataArt:
DataArt (www.dataart.com) is a high-end software development company with industry-specific expertise in financial technology, telecom, online travel and mobile solutions. DataArt specializes in enterprise application development, system integration and business automation tools. In 2006-2010, DataArt was named one of the world's top emerging outsourcing providers by BusinessWeek, Global Services 100 and IAOP. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine and has a dedicated office in London, UK.

Media Contacts:
Juliana Allen
+1-617-960-9880
media@dataart.com