DataArt and zeb Optimize Financial Institution’s Middle Office with Customized Risk and Portfolio Management System

DataArt Provides ‘Elastic IT’ Process to zeb for Scaleable, Flexible and Cost Effective Product Development

NEW YORK, LONDON, ZURICH – July 22, 2014DataArt, a custom software development partner for the financial services and other select industries, and German-based management consultant zeb, today announced they have successfully completed a new release of zeb’s risk and portfolio management system. The customizable system optimizes the middle office of Pan-European financial service firms. The development project took seven months to complete. Using the ‘elastic IT’ approach to software development, DataArt gave zeb the ability to scale up and down its team in a flexible manner, employing both integrated in-house and stand-alone development teams.

Jürgen Hübner, Technical Director, zeb, comments: “In today’s economy with constantly rising cost pressure, the challenge is to deliver high-quality software in an efficient and flexible manner. As a financial services specialist, DataArt provides zeb with the ability to deliver highly-specialist software solutions, with a team that can expand and contract as the needs arise. This ‘elastic IT’ framework is financially beneficial for the end-client and us – but it only works when you have the right partner that integrates with your team effectively and seamlessly. DataArt excels throughout.”
Alexander Makeyenkov, Senior Vice President, Capital Markets, DataArt, comments: “DataArt’s long-term technical and domain expertise across the capital markets, including asset management, risk management and portfolio management made us ideally suited to work with zeb on this project. One of DataArt’s core strengths is its ability to customize the development process, and in so doing, maintain best practices and ensure the seamless integration with the client’s existing technology environment. Our near-shore teams of technologists ease the product development and project management processes and shorten time-to-market for our clients. ”

About DataArt:

DataArt ( is a custom software development company 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 unrivalled 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, Ocado, Charles River Laboratories, Betfair, Misys, leading asset management firms and three of the world’s top ten investment banks.

About zeb:

Zeb is a management consultancy specializing in the financial services sector with 18 offices in Austria, Czech Republic, Denmark, Germany, Hungary, Italy, Luxembourg, Norway, Poland, Russia, Sweden, Switzerland and Ukraine. With more than 900 employees, zeb is among the leading consulting firms for financial service providers in Europe. Clients are banks, savings banks, insurance companies and other financial institutes.

Media Contacts:
Tw: @DataArt

US: Vica Miller
+1 (212)378-4108 x 4014
+44 (0) 2070-999464 x 4014

US: Ruth Brown
+1 (212) 255-0080

Europe: Julia Royle
+44 7961 103521