DataArt® Builds World’s Largest Online Art Auction for artnet®

NEW YORK, December 9, 2008 -- DataArt, a high-end software development company with R&D centers in Eastern Europe, announced completion of the company’s development work for artnet Worldwide, an innovator in the art business and the leading Internet portal for the art market.

DataArt built artnet Online Auctions, a platform in which fine art, decorative art and design are sold online via an online auction mechanism. The platform follows in the path of artnet’s other products, transforming the once opaque market with price transparency while also making ecommerce a safe and reliable way to make art purchases.

“We were very convinced by DataArt’s abilities. Everything we saw was only good, especially the quality of their technicians,” said Jacob Pabst, Vice President of Technology and Product Development at artnet. “DataArt provided the kind of quality that we already had on our team. And they did what they promised.”

Combining the most high-tech administration mechanism, sleek & sophisticated design, intuitive surfing, and a relatively hands-free process, artnet Online Auctions is set to truly transform the way the world buys art. The platform’s key advantages are lowering costs and accelerating the time to complete a sale.

“Development of complex online trade marketplaces has long been our area of expertise,” said Alexei Miller, Executive Vice President at DataArt. “A primary success factor in our engagement with artnet was our flexibility and understanding that changes are a way of life for artnet. We needed to be quick on the turns, anticipate and manage change requests proactively, and find ways to incorporate them into the project without compromising schedule and quality.”

The site was launched earlier in the year with very little publicity in the United States and Germany and the revenue has already exceeded internal projections. DataArt’s software developers continue working on site enhancements, new features and site maintenance.

About DataArt:
DataArt (http://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 International Association of Outsourcing Professionals. 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 4014
vica@dataart.com