Custom Software Development Services

DataArt Announces Formation of DataArt Finance

During its annual conference in St. Petersburg, Russia, DataArt's President Eugene Goland reported the company's continuous growth in 2004, and announced formation of DataArt Finance, a dedicated group within the company, specializing in servicing financial services and asset management institutions.

Alexei Miller, Executive Vice President of Project Management, stressed that DataArt's consistent growth is largely based on the company's extensive expertise in the financial IT area acquired over the last several years. "DataArt is new type of a software consultancy, offering advanced technology expertise and significant cost savings through the use of our offshore software resources". He underlined enterprise application development, system integration and mathematical research as key offerings of the new group.

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• Industry Expertise: Financial

DataArt Launches Dedicated Financial Technology Group

April 28, 2005, St. Petersburg, Russia. – During its annual corporate conference in St. Petersburg, Russia, DataArt announced formation of a dedicated DataArt Finance group. The newly formed group will strengthen DataArt's technology offerings in the investment management and hedge fund space in the U.S. and Europe.

DataArt offers a unique set of solutions: advanced technology expertise coupled with significant cost savings through the use of its offshore software resources. The core of the offering is enterprise application development, system integration and mathematical research. "DataArt makes customized software a viable alternative for Investment Management organizations, as compared to costly off-the-shelf products or in-house development options," said Alexei Miller, DataArt's Executive Vice President.

Other conference presenters highlighted DataArt's success in life sciences, e-learning and telecommunications sectors. The two day event was attended by company's key clients and leading U.S. outsourcing experts - representatives of Unisys, Outsourcing Institute and Media First. In their speeches, guests addressed the issues of compliance, certifications and a growing interest to Russian outsourcing overall.

"Russian IT providers are becoming a growing competition to India", said Eugene Goland, President of DataArt. "We shouldn't copy anyone's path: Russian providers are ideal for solving complex problems and it has always been our strong selling point."

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DataArt Hosts 2nd Global Leadership Forum

DataArt hosted the second annual Global Leadership Forum with participation of the leading U.S. outsourcing experts. Representatives of Unisys, Outsourcing Institute and Media First shared their views on the latest trends in global sourcing.

The highlights of the event were presentations by Oliver Houck of Outsourcing Institute on e-Sourcing Capability Model for Service Providers (eSCM-SP) and Michael Zavileysky, COO of DataArt on client demands from outsourcing vendors. Mr. Houck reviewed existing models and standards of certification, and pointed that eSCM addresses the entire sourcing process and provides a new method to appraise capabilities and guidance for improvement in IT-enabled sourcing services. Additionally, Judy Arteche-Carr, Executive Director of Global Outsourcing and Infrastructure Services at Unisys reviewed best practices in BPO/BPT while Loretta Prencipe, Director of Media First and a member of DataArt's advisory board, noted the growing interest to Russian outsourcing in the Western media. Julia Zavyleyskaya announced the launch of RusWIT, the Russian chapter of WorldWIT.org.

"Russian outsourcing should not repeat the path of India" stated Michael Zavileysky, DataArt's COO. "Russian providers should continue on their own path: they are ideal for solving complex problems and it has always been our strong selling point."

The Captives Are Restless

"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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