DataArt Reports 2012 Year-End Results
Feb 05, 2013 (Close-Up Media via COMTEX) --
DataArt, a custom software development company, announced 2012 year-end results, including a 27 percent increase in revenue, expansion to ten global locations and landmark new client wins across North America and Europe.
In a release dated Jan. 30, the Company said that DataArt's Financial Services remains the largest practice, accounting for 25 percent of revenue, followed by Media and Online Services. Travel and Hospitality and Clean Tech and Energy practices have also performed exceptionally well, tripling and doubling in revenue respectively. The majority of accounts are mid-size enterprise companies, with three quarters of top 30 clients' revenues ranging between $100 Million and $5 Billion. Globally, 51 new clients have been signed in 2012.
Servicing customers who require tailored service offerings and delivery mechanisms, often underserved by 'traditional' outsourcing vendors, DataArt maintains a very stable business and solid client relationships, with more than 60 percent of clients receiving services over a period of three years or more.
"DataArt's continued growth even in today's challenging market conditions is an incredible testament to our proven global team, long-term client relationships and passion for developing innovative enterprise and mobile applications for the most discerning firms. We're excited to continue working in partnership with our new and existing customers to create the custom solutions they need to compete and generate real value with little risk," said Eugene Goland, President of DataArt.
DataArt continued to invest in its own R&D, bringing to life DeviceHive, an open-source M2M communication network designed to function as the missing link in a network of connected devices. Through its cloud-based API (Application Programming Interface), management portal and set of components, including protocols, and open-source libraries, devices can be controlled remotely, regardless of the network topology.
DataArt has partnered with key technology providers including Streambase, Imagine Software, Aqumin, WWWeb Financial Group and GridGain.
The company has opened two new R&D centers in Ukraine, in the cities of Odessa and Dnipropetrovsk, bringing the total locations to ten and increasing the company global headcount to over 850 employees. DataArt re-launched its site, dataart.com, giving users additional transparency into what makes DataArt a partner of choice.
The company has been recognized by the Global Services 100 list for the fifth time, placed on the Inc. 5000 list of the fastest growing U.S. private companies for the third consecutive year, and voted the Best Employer in Ukraine.
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