DataArt Delivers Rapid-Response Application Development Services for DPC DATA

Deep Domain Expertise and On-Demand Scalability
Keep Municipal Bond Disclosure Data Provider a Step Ahead of Its Competition

NEW YORK, September 1, 2009 – DataArt, a high-end software development company with headquarters in New York and R&D centers in Eastern Europe, today announced that it is developing technology to improve delivery and customize content for DPC DATA’s MuniPOINTS® service. This engagement is a continuation of a nearly one-year successful relationship during which DataArt consistently delivered rapid, high-quality application development services to meet the needs of DPC DATA’s largest customers.

DPC DATA is a leading provider of municipal bond disclosure data, research and data services for capital markets professionals. It operates in a highly specialized market, competing against much larger corporations. Its products often need to be adapted quickly to respond to changing industry needs and beat the competition to market. The on-demand nature of the industry requires prompt, accurate modification of applications and services. DataArt’s deep financial services industry expertise enables DPC DATA to swiftly solve these challenges.

“DataArt has a gift for quickly understanding project requirements, turning around estimates, and delivering new projects on time,” said Michael Ruvo, president, DPC DATA. “Since we started working with DataArt, they haven’t missed a budget or deadline, even when it’s a tight turnaround.”

DataArt has also delivered technical enhancements for other DPC DATA products, including MuniFILINGS® and MuniGUARDTM.

“Our excellent relationship with DPC DATA, an established provider of data and research to the financial industry, demonstrates the benefits they found in working with an outsourcing provider with domain expertise,” said Eugene Goland, president of DataArt. “The financial market has been a main area of our expertise for a number of years, enabling us to help clients optimize time to market and minimize software development risks.”

About DataArt

DataArt is a high-end software outsourcing company with industry-specific expertise in financial technology, online travel, telecom and media sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2009, DataArt has been named one of the world's top emerging outsourcing providers by BusinessWeek, Global Services 100 and by International Association of Outsourcing Professionals. Headquartered in New York City, DataArt runs four R&D centers in Russia and the Ukraine, and maintains offices in London, UK.

Media Contact:
Juliana Allen
617-960-9880
media@dataart.com