DataArt and Hedge Fund & Investment Technology Release "The Changing Face of Outsourcing" Special Report

October 2006 issue of Hedge Fund & Investment Technology magazine runs a special report on the use of outsourcing in financial technology, conducted by DataArt in partnership with HFIT. The research focuses primarily on software vendors in financial markets, producers of software systems, tools and networks for trading, risk management, processing and investor communications. A total of 75 financial technology executives were polled.

"Outsourcing and especially off-shoring of technology projects has traditionally been associated with the development of low-value, high volume business processes and applications. The report indicates that financial services organizations are increasingly on the lookout for outsourcing partners to develop mission-critical platforms to enhance their competitive edge," writes the magazine.

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• Hedge Fund & Investment Technology

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The Changing Face of Outsourcing

Hedge Fund and Investment Technology magazine published a joint DataArt/HFIT report, "The Changing Face of Outsourcing". The four page report indicates that "financial services organizations are increasingly on the lookout for outsourcing partners to develop mission-critical platforms to enhance their competitive edge."

"DataArt, a New York based provider of customized, high end software applications using development resources in Russia, collaborated with HFIT on the survey, which polled a total of 75 financial technology executives. The DataArt/HFIT survey challenges assumptions that companies are mostly sending routine tasks offshore and guarding complex projects for their in-house teams," writes the magazine.

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DataArt Develops NAV™ Software for "The Onyx Project"

DataArt developed NAV^TM software used in the creation of "The Onyx Project," the world’s first-ever truly interactive, "hyperlinked" movie and fully browseable motion picture. NAV^TM is a brand-new, patent-pending technology that is the next frontier in alternative media.

Written and directed by Larry Atlas, "The Onyx Project" tells the story of Robert Henderson – a colonel of the U.S. Army Special Forces in Afghanistan. "Onyx" is the code-name for an 2004 US military operation launched by General Henderson to capture a high-profile Al Qaeda target. The film is a powerful story about war, politics, and human connection that allows the viewer to explore complex dilemmas and shape the unfolding of the film's plot.

The "The Onyx Project" is available through NAV^TM technology, owned and invented by Web River Media, Inc, and developed by DataArt. The NAV^TM video story-telling architecture allows for the creation of fully interactive films. It is a radical new approach to storytelling that provides the creative community with an innovative canvas on which to make and tell stories, at a fraction of the cost of a conventional movie. NAV^TM software allows each viewer to have a unique story experience, yet maintain a common frame of reference for discussion with other viewers.

About DataArt:

DataArt is a well-established software outsourcing provider focused on serving the needs of Small and Mid-size Businesses (SMBs) in the U.S. and Europe. Founded in 1997, DataArt specializes in the development of network applications, corporate databases and business automation tools, including customer relations and content management systems. Headquartered in New York City, DataArt runs a state-of-the art Development Center in St. Petersburg, Russia, and has offices in San Francisco, Jacksonville, FL, Chapel Hill, NC and London, UK.

DataArt Develops NAV™ Software for "The Onyx Project"

DataArt developed NAV^TM software used in the creation of "The Onyx Project," the world’s first-ever truly interactive, "hyperlinked" movie and fully browseable motion picture. NAV^TM is a brand-new, patent-pending technology that is the next frontier in alternative media.

Written and directed by Larry Atlas, "The Onyx Project" tells the story of Robert Henderson – a colonel of the U.S. Army Special Forces in Afghanistan. "Onyx" is the code-name for an 2004 US military operation launched by General Henderson to capture a high-profile Al Qaeda target. The film is a powerful story about war, politics, and human connection that allows the viewer to explore complex dilemmas and shape the unfolding of the film's plot.

The "The Onyx Project" is available through NAV^TM technology, owned and invented by Web River Media, Inc, and developed by DataArt. The NAV^TM video story-telling architecture allows for the creation of fully interactive films. It is a radical new approach to storytelling that provides the creative community with an innovative canvas on which to make and tell stories, at a fraction of the cost of a conventional movie. NAV^TM software allows each viewer to have a unique story experience, yet maintain a common frame of reference for discussion with other viewers.

RELATED RESOURCES:

• The Onyx Project

BlackBerry Addiction Is the Latest Craze in Litigation

The Microsoft .NET Framework gets a new toy with the latest version of NETChart, DataArt's chart-rendering software tailored for Microsoft Visual Studio .NET. There are improvements all around, from better data presentation quality and label support to a wider variety of chart types. NETChart works for Microsoft .NET 1.0 and 2.0 and integrates with both ASP.NET and WinForms.NET.

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