DataArt participated as an exhibitor at the 2008 SIFMA Technology Management Conference at Hilton New York for the second year in a row.
The industry's leading event focused on how the financial industry is using technology to drive productivity, comply with regulatory requirements, and adapt to converging markets, products and investors. DataArt presented its recent successes in capital markets technology, shared its best practices and methodologies for creating bespoke software solutions in the space and established new strategic partnerships.
Over 300 vendors and 7,000 attendees attended this year’s event.
DataArt executives concluded a two-week long analyst tour, briefing with the leading research organizations including Gartner, IDC, Aberdeen Group and Tower Group.
Having secured a round of funding from a private equity group, DataArt updated analysts on its plans for strengthening the company’s market position as a high-end provider of custom software solutions for capital markets industry and expanding its U.S. and UK sales force. The minority stake investment will also be used to launch several new service areas, including online travel, mobile applications and renewable energy.
DataArt aims to solidify its standing as a “Best buy” for firms who seek providers based on the business outcomes as the primary success criteria. Analyst feedback confirmed that as a global consultant for mission critical and knowledge intensive systems, DataArt is well positioned to take advantage of a larger industry shift away from a traditional offshore IT staff augmentation model to application outsourcing and R&D driven by global resources.
