DataArt Announces 2006 Results

DataArt announced 2006 results. The company continued its growth, increasing revenue and further expanding its development force in Russia.

The most visible revenue increase occurred in the financial technology sector, with DataArt signing BNP Paribas, one of the world’s leading banks, and ValueLine, one of the oldest and most respected financial information and analysis providers. In total, 30 new clients were signed in 2006, among them Plastyc (upsidecard.com) and CityIndex.

DataArt opened a new facility in the city of Voronezh, Russia, increasing development capacity by 30%, and introduced several new offerings, including SAP and Business Intelligence consulting. In December, the company reached a one million billable hours mark.

DataArt has strengthened its knowledge based initiatives, publishing a joint research with Hedge Fund & Investment Technology magazine on outsourcing trends in financial technology, and exhibited at several industry events, such as International Association of Outsourcing Professionals (IAOP) in Florida, and Marcus Evans Outsourcing conference in London.

In 2006 DataArt was once again recognized by the industry for its achievements: the company was selected to Rising Star category by Global Sourcing 100 (IAOP), cited by leading research analysts as a company to watch, and featured in several major publications, including Business Week.

“2007 marks a decade of success and technology innovation for DataArt,” said Eugene Goland, President of DataArt. “We plan to continue building on our legacy of client commitment and dedication to excellence.”