SAN FRANCISCO, Calif. and BOSTON, Mass., — February 12, 2007 — Exigen Services, one of the largest application outsourcing firms in Central and Eastern Europe, and StarSoft Development Labs, a leading provider of software development outsourcing services in Russia and Ukraine, today announced their merger. The combination of Exigen Services' EU operating base, expertise in technology-driven application outsourcing and solution delivery services for large enterprises, and StarSoft's access to Russian talent pool as well as world-class expertise in Agile software development, forms a next generation outsourcing partner with a comprehensive portfolio of offerings for Global 2000 clients across Europe and North America.
"Merging with StarSoft, the innovative outsourcing provider recently recognized by neoIT on the "Global Services 100" list, enhances Exigen's delivery capabilities for large-scale transformational projects," said Alec Miloslavsky, CEO and Chairman of Exigen Services. "The combined business builds on our deep industry expertise in banking, insurance, telecom and public sector, and extends our access to highly-skilled developers in Russia and Ukraine."
"We have created one of the largest and most capable firms in Europe by combining two world-class organizations, which share corporate values, work ethics and strategic objectives," said Nick Puntikov, CEO of StarSoft. "Our best-in-class software professionals, advanced development methodologies, and value-added solution delivery services provide our clients with a range of offerings, scalability and engagement models, and address the needs of enterprise clients worldwide."
"StarSoft has been a reliable partner for many years. The complementary nature of this merger with Exigen Services positions the company as one of the strongest leaders in the region," said Alan Guthrie, Program Manager, CSC. "The combination of EU legal framework with access to stable and skilled resources in Russia provides CSC and our clients with a sustainable source of competitive advantage."
Upon the merger, Alec Miloslavsky continues to serve as Exigen Services' CEO and Chairman of the Board. Nick Puntikov, StarSoft's CEO, will serve as Exigen Services president, Eastern Europe, with responsibility for strategic development and operations in that region, including the CIS.
About Exigen Services
With operations in Central and Eastern Europe, Exigen Services provides application outsourcing, system integration and solution delivery services to Global 1000 clients. Backed by more than a decade of experience in IT services, Exigen Services combines commercial software experience, top talent, world-class project management and focused industry solutions based on the highest levels of quality assurance. Exigen Services invested several years and considerable resources in developing, testing and applying Service Oriented Architecture (SOA) methodologies, IP and techniques to create a value proposition based on technology-driven application outsourcing. Exigen Services uses the best available tools, whether Open Source, third party or propriety software, to significantly reduce the time and costs of developing and implementing new applications. For additional information, visit www.exigenservices.com
About StarSoft Development Labs, Inc.
StarSoft Development Labs has been providing software development outsourcing services to American and European clients since 1991. Headquartered in Boston, USA, StarSoft operates in multiple development locations across Russia and Ukraine. StarSoft excels in developing complex e-business solutions, enterprise portals, and specialized business applications for healthcare, telecommunications, financial services, real estate, and other industry sectors. Clients include CSC, T-Mobile, ScriptLogic, WebSideStory, SirsiDynix, and other Fortune 500 and mid-size emerging companies. For additional information, visit www.starsoftlabs.com and www.offshoreagile.com.