New York, February 3, 2009 - DataArt, a high-end software outsourcing company, announced 2008 year-end results. Despite the global financial crisis, the company stayed on target and reached its projected revenue of $17 million for 2008, a 49% increase from the previous year, remaining profitable and generating cash from operations.

DataArt signed 39 new clients, among them artnet, Send Word Now, tennis.com and Misys, and was once again voted one of the world’s top 100 outsourcing providers by International Association of Outsourcing Professionals and by Global Services. The company secured a minority stake private equity investment, the first outside capital investment since DataArt’s inception in 1997, to strengthen sales and marketing efforts in high-end applications development and to support geographic expansion of delivery capabilities in Eastern Europe.