DataArt doubles revenue in 2004

DataArt, a premiere software outsourcing company with offices in New York and St. Petersburg, Russia, has announced 100% revenue growth, to over four million dollars, in 2004.

DataArt attributes its success to calculated efforts in acquiring key accounts in the financial services industry, mainly asset management institutions. "We have acquired unique expertise in developing software for hedge funds. Now that the word is out, we are happy to see a very nice ripple effect in the industry", explained DataArt's President Eugene Goland. Over 20 new companies became clients of DataArt in 2004.

DataArt, founded in 1997, opened a dedicated office in Jacksonville, FL last year, and grew its St. Petersburg office to 165 people, relocating the R&D center to a new 13,500 sq. ft loft (former Erickson manufacturing facility).

About DataArt

DataArt is a well-established software outsourcing service provider focused on serving the needs of Small to Mid-size Businesses (SMBs) in the U.S. and Europe. 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.

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