New York, NY - DataArt, a New York-based high-end software outsourcing provider with development centers in Russia and the Ukraine, secured a $4 million private equity investment round, and is aiming to close an additional $2 million in the near future.

The first outside capital investment DataArt has taken since the company inception in 1997 will be used to strengthen sales and marketing efforts in high-end applications development and to support geographic expansion of DataArt’s delivery capabilities in Eastern Europe.
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Labels: dataart, finance, investments, IT, outsourcing provider

DataArt was selected to Global Services 100 List for the second year in a row, and was once again recognized as a leader in Emerging European markets.

“We’ve been consistently ranked as one of the top IT providers,” said Michael Zaitsev, CEO of DataArt. Read more...

Labels: dataart, global services, it provider, outsourcing provider

DataArt continues to support academic initiatives in Russia, and was the general sponsor of the Fifth Annual all-Russia Informatics Olympiad in the city of Voronezh, where the company has an R&D center.

Labels: dataart, IT olympic, sponsorship, student olympic, Voronezh

DataArt COO Mikhail Zavileysky was a distinguished speaker at the 2007 Ukrainian Outsourcing Forum (UOF), where he lead a business seminar entitled Alternative Business Models for Market Competition.

Zavileysky discussed proven business models that allowed DataArt to become one of the leaders among Eastern European providers, with 14 consecutive quarters of organic growth, which include human capital management, investment strategies and CRM & networking as means for increasing market penetration.

The sold out presentation also addressed investment strategies of different providers, as well management and protection of assets. Zavileysky illustrated his points with case studies from DataArt history, including successful crisis management during the Internet crash; creation of Mail.ru, the largest online portal in Eastern Europe, and further expansion into key verticals through the expert use of business networking and CRM systems.

“DataArt has been represented in the Urkaine for less than a year, thus it is imperative for us to keep a hand on the pulse of Ukrainian outsourcing,” said Mikhail Zavileysky, DataArt COO. “We were thrilled that our colleagues found our ideas relevant and case studies worthy, and appreciate their invaluable input on organizational and technology practices. Special thanks go to representatives of Microsoft, who are true facilitators of developing the industry’s ecosystem.”

The objectives of The Annual Ukrainian Outsourcing Forum 2007 in Kiev are to boost the market for software development and outsourcing services, to discuss global trends in IT markets, and to address current issues in the outsourcing arena.

Related resources:
Ukrainian Outsourcing Forum 2007 official site.

Related articles:
Ukrainian Outsourcing Forum 2007
DataArt Announces Microsoft Dynamics CRM Expertise

Labels: business, CRM, dataart, forum, outsourcing, outsourcing events, ukraine