By Natalia Anishyuk
Finance magazine, a Moscow-based business weekly, profiles Eugene Goland, President of DataArt. The feature article addresses the history of the company’s formation, its resilience during this and previous crises, and discusses measures that help DataArt overcome turbulent market times. Goland notes that a tremendous revenue growth in the first three quarters of 2008 allowed the company to stay on target for the projected annual revenue, which has increased by 49%. “DataArt had anticipated the crisis, and we’ve been taking measures since early 2008 to make sure the company is prepared to handle its possible effects, such as delays in accounts receivables, delays in starting new projects and a general “waiting mode” of the market,” said Goland. “We’ve slowed down on our expansion efforts until at least next year, and believe our situation is stable: the company is well-diversified, we don’t depend on any one large client for our financial health, there are no debts and we’ve modified our corporate governance structure, making it more flexible. We see this crisis as an opportunity to flesh out our long term goals, and in the meantime focus on retaining clients and personnel, not on increasing profits.”
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Alexei Miller, Executive Vice President at DataArt, was a panelist at the Global Outsourcing Strategy Round Table at NYU’s Stern School of Business.
The discussion covered strategic features of certain geographic areas and focused on how the decision process works in outsourcing projects: whether geography is a primary factor for vendor selection or if companies should consider the world “flat” and assemble the best talent from multiple locations. Miller highlighted current outsourcing trends and industry discussions: if the future belongs to global full-service, “can-do-anything” outsourcing vendors or to small, niche-focused players; whether the clients of tomorrow will want to buy commodity skills or expertise; how cost variations are being affected by the latest economic downturn and currency movements.
Miller also touched upon several issues imperative for any outsourcing firm: choosing between diversification and niche focus, necessity of strong project management, communication challenges in a heavily distributed environment and solving potential cross-cultural tensions.
www.stern.nyu.edu
Global Services magazine published the first article in the series of expert opinion stories by DataArt executives. Simon Cox, Vice President of Open Source at DataArt, takes a look at how Open Source could be a positive move for any business looking to reduce its bottom line while maintaining productivity in the development of a solid finished product.
After clarifying that Open Source does not necessarily mean 'free' software as is often presumed, but source code that is open for review and allows modification by contributors, Cox outlines potential businesses that might be interested in Open Source and discusses its effect on ROI and TOC. “It’s in the arena of back-end servers where Open Source started making real inroads into commercial organizations, quite often without direct approval or knowledge of those in charge. Therefore, a change in the back-end systems is a viable starting point for any business looking to start a relationship with Open Source.”
Cox explains how Open Source works well in outsourcing engagements: “Open Source provides an excellent platform for development in an outsourced environment. Not only do the developers have a platform to work with, they can take a look under the bonnet of the software to see what’s running underneath which can help with development. When using third party libraries, developers can resolve bugs in the third party library themselves instead of logging a support call with the supplier and waiting for a fix to come (if ever).” “DataArt is a multi-skilled company, with developers working in a variety of environments on a multitude of platforms. One developer might be using Visual Studio developing for Windows, and another might writing code in Vi on Linux. Any IT outsourcing business these days needs to work in a multitude of environments and use a variety of tools from both the proprietary world and the Open Source world.”
The article concludes with a list of advantages and disadvantages of outsourcing with Open Source.
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.
“World-wide financial crisis swept away artificial hype and provided a unique opportunity for DataArt to clearly see the landscape and to build on the true fundamental values we provide to our clients – domain expertise and dedication to client interests,” said Eugene Goland, President of DataArt.
DataArt received two additional competencies as Microsoft Gold Certified Partner: SOA & Business Processes and Mobility Solutions. Mobility Solutions competency for the Windows mobile platform has added to the company’s roster of other successful mobile development initiatives for Blackberry and iPhone.
One of the key achievements for 2008 was the launch of the online travel and hospitality practice in the U.S. and expansion of mobile solutions offerings to the travel industry. DataArt now offers development of custom booking engines with support for dynamic packaging, as well as integration with multiple travel inventory providers and payment systems backed by sophisticated content management system.
DataArt introduced another offering: implementation and customization of Microsoft Dynamics CRM, which includes CRM workflow configuration and development, installation, data migration and mining, and CRM reporting and development of custom Microsoft Outlook plug-ins.
Continuing its tradition of partnerships with leading academic institutions in Russia and the Ukraine, DataArt launched DataArt Labs, a new project with Kharkiv National University and Kharkiv National University of Radio Electronics (KHNURE), which focuses on discovering young talented IT specialists, drawing from the most accomplished students and post-graduates and offering them roles in the company’s projects.
DataArt has been repeatedly written up in the industry press and was named a Best-in-Class R&D Outsourcing Provider by Aberdeen Group.
About DataArt: DataArt (www.dataart.com) is a high-end software outsourcing company with industry-specific expertise in financial technology, telecom and media sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2008, DataArt was named one of the world's top emerging outsourcing providers by BusinessWeek, CMP's Global Services 100 and by IAOP. Headquartered in New York City, DataArt runs R&D centers in Russia and the Ukraine and maintains offices in London, UK.
Media Contact: Vica Vinogradova +1-212-378-4108 x 4014vica@dataart.com
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.
Telephone: +1(212) 378-4108
Email: sales@dataart.com
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