DataArt Announces 2010 Year-End Results; All-Time High Revenue

Custom Software Development Firm Clinches New Business in Healthcare, FinTech and Mobile Solutions Verticals

January 25, 2011 – NEW YORK, NY - DataArt, a high-end software development company with headquarters in New York City and R&D centers in Eastern Europe, announced its 2010 achievements, reaching an all-time high in annual revenue, with a year-over-year increase of 35%.

2010 proved to be a spectacular year for DataArt. The company has signed 47 new clients across key industries, with Financial Services practice growing 25%, Healthcare & Pharma 125% and Mobile Solutions practice exploding ten-fold compared to 2009.

The surge in Mobile Solutions business is due to an increasing demand for iPhone, iPad and Android app development from new and existing clients across all industries of DataArt’s expertise. Mobile solutions developed by DataArt in 2010 include search, payment, betting, advertising, shopping and photo browsing applications.

“Our record growth is fueled by the new generation of internet startups set to transform traditional industries," said Eugene Goland, President of DataArt. "DataArt’s technology and industry expertise allows our clients to focus on their vision and marketing, making it possible to establish efficient and powerful partnerships.”

In 2010, DataArt has strengthened its onsite presence in New York and London with several executive hires and opened a Sales & Management office in Switzerland. DataArt’s R&D centers in Russia and the Ukraine hired a total of 200 new developers.

DataArt was named to Inc. 5000 List of America’s fastest-growing private companies by Inc. Magazine and a Top Five Company for Career Advancement by Ukrainian Business Status.

About DataArt

DataArt (www.dataart.com) is a high-end software engineering firm with industry-specific expertise in financial technology, online travel, healthcare, media, and mobile solutions. With a dedicated engineering base in Eastern Europe, DataArt helps clients to optimize time to market and to minimize software development risks in mission critical and knowledge intensive systems. DataArt has been named one of the world's top and fastest growing service providers by BusinessWeek, Global Services 100, IAOP, and Inc. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine, and maintains offices in London, UK.

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Media Contact:
Vica Vinogradova
+1-212-378-4108 x 4014
vica@dataart.com