DataArt Completes Spring 2008 Analyst Tour

DataArt executives concluded a two-week long analyst tour, briefing with the leading research organizations including Gartner, IDC, Aberdeen Group and Tower Group.

Having secured a round of funding from a private equity group, DataArt updated analysts on its plans for strengthening the company’s market position as a high-end provider of custom software solutions for capital markets industry and expanding its U.S. and UK sales force. The minority stake investment will also be used to launch several new service areas, including online travel, mobile applications and renewable energy.

DataArt aims to solidify its standing as a “Best buy” for firms who seek providers based on the business outcomes as the primary success criteria. Analyst feedback confirmed that as a global consultant for mission critical and knowledge intensive systems, DataArt is well positioned to take advantage of a larger industry shift away from a traditional offshore IT staff augmentation model to application outsourcing and R&D driven by global resources.