Custom Software Development Services

DataArt Announces Record Revenue and Client Growth for 2011

February 9, 2012 – NEW YORK, NY - DataArt, a custom software development firm that builds advanced solutions for select industries, announced 2011 results reporting record revenue, with 41 new client wins and 33% year-over-year revenue increase. DataArt has helped leading global companies adapt to evolving business demands and reap the benefits of critical business applications which increased productivity and reduced IT spend.

Financial Services and Healthcare practices were once again the top performing divisions of DataArt, contributing 35% and 15% respectively to overall company revenue. 15 new client wins in the financial technology sector validate the company’s industry expertise in the key areas of portfolio and risk management, derivatives and market data application development. Among DataArt’s new clients are some of the most innovative and well respected firms, including IPM, a leading European hedge fund, Ocado, the UK’s leading online supermarket and ThinkEco, a New York City-based company developing software energy-efficiency solutions for businesses and consumers.

To support market demands and enhance client communication, DataArt opened a state-of-the-art European headquarters in the Ukrainian capital Kiev, bringing the total company headcount to 700 in eight offices world-wide. DataArt’s business expertise, strong management and growth were recognized by prestigious industry organizations, including the 2011 Global Services 100 List and Inc. 5000 List of Fastest Growing Private U.S. Companies. DataArt was also voted the Best IT Employer in Ukraine for 2011. The year culminated with DataArt on the forefront of technology innovations, completing a roster of enterprise and mobile solutions while tapping into emerging trends and development channels such as cloud, Big Data and embedded technologies.

“DataArt’s continued growth validates the company’s strategy of providing bespoke software development services to the mid-size companies who value fast time-to-market, flexible engagement options and specialized domain expertise,” said Eugene Goland, President of DataArt. “We continue to see that this sector is underserved by both generic, “all things to all people” outsourcing providers who focus on building low cost ODCs, and the large-scale, “brand”-driven providers who tailor their best offerings to the very large clients.”

About DataArt:

DataArt (www.dataart.com) is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and other industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget.

DataArt clients include Standard & Poor’s, Harmonic Fund Services, Ogilvy, artnet, Panasonic, Cancer Research, Charles River Laboratories, Betfair, Misys, leading asset management firms and three of the world’s top ten investment banks. Follow us on Twitter @DataArt and Facebook www.facebook.com/DataArt

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x 4014
vica@dataart.com

Laura Anderson
Articulate Communications
212.255.0080, ext. 11
landerson@articulatecomms.com

ThinkEco Selects DataArt as Integrated Solutions Partner

ThinkEco Selects DataArt as Integrated Solutions Partner

Custom Software Development Firm Creates a Roster of Green Applications to Remotely Monitor Power Consumption

NEW YORK – January 25, 2012 – DataArt, a custom software development firm that builds advanced solutions for key industries, announced that it has been selected by ThinkEco, Inc. as a dedicated technology partner for software development to support energy sustainability and the internet of things.

ThinkEco develops hardware and software energy-efficiency solutions for businesses and consumers. Its patent-pending modlet® (for “modern outlet”) features intelligent engineering and algorithms to provide a simple, low-cost and easy-to-use solution for saving money and energy on electronic appliances. Once plugged into a standard outlet, the ThinkEco modlet gives users remote control access to all their plugged-in devices through its built-in wireless connectivity, and offers an intuitive method to save money. More specifically, the modlet tracks power consumption of plugged-in devices, allows users to set custom energy-saving schedules for them, and tracks the users’ overall saving performance for users.

DataArt has been engaged by ThinkEco to develop parts of the ThinkEco modlet technology platform, including the modlet iPhone and Android apps, cloud infrastructure (web and DB servers), and client-side application software. Integrating into ThinkEco’s core product R&D, DataArt added scalability and expanded the mobile platform, enabling availability across a range of devices. The resulting ThinkEco modlet apps allow users to monitor power consumption at each plug, remotely turn plugged-in devices on/off, view custom energy-saving scheduling plans and provision real-time access to effectively track and adjust usage costs.

“We developed the modlet and our energy efficiency sensor technologies to make it easier for consumers, business, OEM’s, utilities and large enterprises to save energy and money from the electrical waste from plugged-in devices, and DataArt immediately got what we want to do,” said Jun Shimada, chief technology officer and a founder of ThinkEco. “We want to enable the internet of things as we expand our productive partnership with DataArt.”

“ThinkEco offers a convenient portal to maintaining an eco and budget friendly lifestyle,” said Artyom Astafurov, SVP and Chief Innovation Officer of DataArt. “DataArt development teams live on the greener side of the fence and our continued collaboration will support ThinkEco’s sustainability initiatives, empowering users to control their carbon footprint as well as their energy costs.”

About DataArt:
DataArt (DataArt) is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and other industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget.

DataArt clients include Standard & Poor’s, Harmonic Fund Services, Ogilvy, artnet, Panasonic, Cancer Research, Charles River Laboratories, Betfair, Misys, leading asset management firms and three of the world’s top ten investment banks. Follow us on Twitter @DataArt and Facebook www.facebook.com/DataArt

About ThinkEco, Inc.
Founded in 2008, ThinkEco, Inc. is a New York City-based company developing easy-to-use energy efficiency solutions for homes and businesses. Its flagship product, the modlet, is an intelligent outlet that provides a simple, low-cost and installation-free method for saving money and energy on electronic appliances. The modlet software is a web application that has been developed in a scalable client-server architecture. The modlet® has received multiple awards and was recently featured on the Martha Stewart Show, the Today Show and the Early Show.

For more information, visit www.thinkeco.com or follow the company on Twitter @ThinkEco and Facebook at www.facebook.com/ThinkEco.

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x. 4014
vica@dataart.com

Laura Anderson
Articulate Communications
212.255.0080, ext. 11
landerson@articulatecomms.com

DataArt’s Capital Markets Practice Reports Rapid Growth in 2011

Custom Software Development Firm Boasts Substantial Client Wins and Further Expansion in 2012

NEW YORK – January 10, 2012 – DataArt, a custom software development firm that builds advanced solutions for select industries, announced today that despite challenging market conditions 2011 represented a considerable year-over- year momentum for its financial technology practice. 15 new client wins and a prominent 15 percent division growth, which reflects 100 percent retention rate from financial services clients who signed on in 2008, validate the company’s industry expertise in the key areas of portfolio and risk management, derivatives and market data application development.

The increased demand within the financial technology practice spurred the launch of the wealth management and advisory division dedicated to meeting the diverse and sophisticated needs of asset and investment management along with financial technology, analytics and data provider firms. In 2011, DataArt completed several projects of incredible technical complexity for the front office and electronic trading, enabling many of the world’s largest investment banks to run live on algorithmic trading and transaction processing systems, processing well over 100 million orders each day. Additionally, DataArt’s commitment to build up Private Equity technology expertise has allowed clients to support complex research workflows, valuations and investor reporting.

DataArt’s technology innovations, its strong management and growth have been recognized by prestigious industry organizations, including the 2011 Global Services 100 List and Inc. 5000 List of Fastest Growing Private U.S. Companies. Alexei Miller, Executive Vice President of DataArt, also appeared on the buy-side risk panel at FLP Americas Trading Conference and led the global multi-sourcing transformations panel at the 5th annual FSO summit.

“Despite a down year for large financial institutions, DataArt’s capital market practice grew at a double digit rate which represents the push for engineers who speak the language of finance, “said Alexei Miller, EVP of DataArt. “While we have created solutions to assist large investment firms, many of our new clients are financial technology startups, working on innovation solutions in electronic trading and OTC derivatives. The continued market uncertainty will drive more entrepreneurs to find new resolutions and we are well positioned to collaborate with companies in 2012, big and small, to build applications that are essential to their business and established strong strategic technology partnerships.”

In 2012 DataArt anticipates interest from the financial sector to boost dramatically as firms look to drive efficiencies, reduce costs and minimize software development risks:

• Technology spend will continue to be influenced by regulations in credit risk and capital management, presenting the range of challenges exclusive to the financial services industry.
• A new generation of market data providers requiring development initiatives in OTC and complex derivatives will emerge, driving the need for real-time applications.
• An increased push toward the cloud: while private cloud technology is now common place in the data center, we may see an increased push towards public cloud and PaaS providers. DataArt is well prepared, having invested in staff and certifications on key cloud platforms, including force.com, Microsoft Azure and Google AppEngine.
• An upturn in interest in mobile tablet applications: an area that rocked technology investment elsewhere but until recently received little attention from financial firms. DataArt is currently working on a range of mobile portfolio reporting tools for clients of all sizes.

About DataArt:
DataArt (www.dataart.com) is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and other industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget.

DataArt clients include Standard & Poor’s, Harmonic Fund Services, Ogilvy, artnet, Panasonic, Cancer Research, Charles River Laboratories, Betfair, Misys, leading asset management firms and three of the top ten investment banks.
http://www.twitter.com/DataArt

Media Contacts:
Vica Vinogradova
+1-212-378-4108 x. 4014
vica@dataart.com

Laura Anderson
Articulate Communications
212.255.0080, ext. 11
landerson@articulatecomms.com

DataArt Named Best IT Employer in Ukraine

NEW YORK – November 17, 2011 – DataArt, a custom software development firm that builds advanced solutions for select industries, today announced that it has been named Ukraine’s best IT employer of 2011 by the Ukrainian Association of Software Developers.

More than 30 leading IT firms were nominated for this year’s ranking by their employees, with categories including Projects and Teams, Compensation, Career Opportunities, Office and Management. In addition to the top place among firms with 200-800 employees, DataArt was named the best work place for engineering students.

Two of DataArt’s Ukrainian R&D centers have been named top IT employers of 2010, in the cities of Kharkov and Kherson. This year DataArt clenched the overall title for Ukraine.

“DataArt’s consistent inclusion in key industry rankings is a testament to our dedication to excellence in customer service and employee management,” said Eugene Goland, President of DataArt. “We’re proud of our Ukrainian colleagues, who not only deliver fantastic results for our clients, but help make DataArt a great company that it is.”

Over the past year DataArt has reached an all-time high in annual revenue, expanded its global footprint to Switzerland and opened European headquarters in Ukrainian capital Kiev, increasing the total headcount to 650. DataArt has also been named to 2011 Inc. 5000 List of America’s fastest growing private companies and to 2011 Global Sourcing 100 List of best outsourcing providers worldwide.

See a complete list of top Ukrainian IT companies.

About DataArt:

DataArt (www.dataart.com) is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and other industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget.

DataArt clients include Standard & Poor’s, Harmonic Fund Services, Ogilvy, artnet, Panasonic, Cancer Research, Charles River Laboratories, Betfair, Misys, leading asset management firms and three of the world’s top ten investment banks.

http://www.twitter.com/DataArt

Media Contact:

Vica Vinogradova
+1-212-378-4108 x. 4014
vica@dataart.com

DataArt Partners with TechMeetups.com to Support Technology Needs of UK Startups

LONDON – November 9, 2011 – DataArt, a custom software development firm that builds advanced solutions for select industries, today announced a partnership with TechMeetups.com, a London-based Technology Events company, to help UK startups with custom software development needs in enterprise and mobile applications.

DataArt has been an active player in the UK’s technology field for over a decade, servicing a diverse list of Britain’s established companies, including City Index, Cancer Research, Ocado, Misys and the UK Board of Tourism. DataArt has also worked with a number of Britain’s smart tech startups at different stages, helping them bring their ideas and solutions to the next level, and has created a vast variety of game-changing applications for clients such as Betfair, Navmii, GeoSweep, Ebiquity and SteelyEye.

“DataArt loves working with startups. Our developers are passionate about solving new challenges and entering untapped technology frontiers, and startups present ample opportunities for creative work,” said Dmitry Bagrov, head of DataArt UK. “More importantly, we know how to avoid the pitfalls common to emerging enterprises and can help our clients bring their ideas to life without the costly pain of trial and error.”

DataArt UK brings in close to a quarter of the company’s overall annual revenue, with a sizable number of startups among its clients. DataArt is currently 700 people strong, with eight locations worldwide. It has been twice named to Inc. 5000 List of fastest growing private companies and remains on the list of top 100 global providers by leading industry’s associations.

“Startups need all the help they can get to get off the ground and our Startup Launchpad initiative focuses on various programs including mentoring workshops, Master classes & Startup Academies,” said Shawn Ghosh, Founder & CEO TechMeetups. “In continuation of this effort we have partnered with a world class delivery partner that not only has the experience working with them but also understands the pressures and demands of emerging enterprises. We believe that our partnership with DataArt will provide UK startups with the partner they need to create those world class solutions.”

About DataArt:

DataArt (www.dataart.com) is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and other industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and the Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget. DataArt clients include Standard & Poor’s, Panasonic, City Index, artnet, XSP, Cancer Research, Betfair, Misys, leading asset management firms and three of the world’s top ten investment banks.
http://www.twitter.com/DataArt

About TechMeetups.com:

TechMeetups.com is a London based Technology Events, Promotion & Marketing company that helps Tech Startups with Mentoring, Advice, Networking opportunities, Platform to promote themselves and raise funds. We also organise The London Silicon Roundabout Group, one of the largest and fastest growing Tech clusters in UK around The Prime Minister’s East London Tech City initiative.
http://www.twitter.com/TechMeetups

Media Contacts:

Vica Vinogradova
+1-212-378-4108 x. 4014
vica@dataart.com

Shawn Ghosh
Shawn@TechMeetups.com