17 October 2006
The Changing Face of Outsourcing
Hedge Fund and Investment Technology magazine published a joint DataArt/HFIT report, "The Changing Face of Outsourcing". The four page report indicates that "financial services organizations are increasingly on the lookout for outsourcing partners to develop mission-critical platforms to enhance their competitive edge."
"DataArt, a New York based provider of customized, high end software applications using development resources in Russia, collaborated with HFIT on the survey, which polled a total of 75 financial technology executives. The DataArt/HFIT survey challenges assumptions that companies are mostly sending routine tasks offshore and guarding complex projects for their in-house teams," writes the magazine.