Exigen Services Retains Its Leading Position in the Baltic Region
Exigen Services has maintained a leading position among the largest IT companies in the Baltic region four years in a row.
San-Francisco, CA, July 29, 2010 --(PR.com)-- Prime Investment, one of the leading investment banking companies in the Baltics, announced in its semiannual report “Baltic ICT Market News” that Exigen Services, a recognized global expert in application outsourcing services, has maintained a leading position among the largest IT companies in the Baltic region four years in a row.
“The Baltic region saw the most significant impact, among European countries, from the world economic downturn. As governments were trying to reduce and optimize budgetary deficits they naturally adjusted their spend across all government sectors, including IT and automation budgets for government-owned institutions. Since a significant portion of our revenues in the Baltic is related to public and government sectors, such measures had an impact on our business.
However, in spite of these facts, we managed to maintain our leading position in the region, which is experiencing a good pace of recovery. We also increased the share of global business in our portfolio, serving primarily US and European customers in the insurance, financial services and media industries, which effectively allowed us to smooth outcomes of the local market correction. Our new wins on the global software development market, along with our solid presence in the Baltic region, give us a positive outlook for the future of our Baltic operations,” — noted Sergiy Synyanskyy, Exigen Services CFO.
“In spite of the total Baltic decline in 2009, Exigen Services Lithuania has contributed to the growth of the company, starting several large international projects,” — added Tomas Vaiciunas, Exigen Services Lithuania COO.
About Exigen Services
Exigen® Services is an Inc. 5000 global IT company that provides a lower risk alternative to conventional application outsourcing. The company combines advanced development methodologies with value-based project governance and performance-based contracts to mitigate outsourcing risks and provide a higher return on IT project investments.
Since 2000, Exigen Services has been a global leader in the use of distributed Agile methods for rapid and precise systems development throughout the banking, insurance, brokerage, healthcare, telecommunications, government and media industries. Exigen Services has achieved high honors in a variety of independent lists and rankings, including Brown & Wilson's Black Book of Outsourcing in 2008, Global Services 100 in 2009, Global Outsourcing 100 in 2009 and Inc Magazine’s 2009 Inc5000. Clients range from mid-sized growth companies to Fortune 500 organizations, and include Sun Microsystems, CSC, T-Mobile and Westpac Bank.
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“The Baltic region saw the most significant impact, among European countries, from the world economic downturn. As governments were trying to reduce and optimize budgetary deficits they naturally adjusted their spend across all government sectors, including IT and automation budgets for government-owned institutions. Since a significant portion of our revenues in the Baltic is related to public and government sectors, such measures had an impact on our business.
However, in spite of these facts, we managed to maintain our leading position in the region, which is experiencing a good pace of recovery. We also increased the share of global business in our portfolio, serving primarily US and European customers in the insurance, financial services and media industries, which effectively allowed us to smooth outcomes of the local market correction. Our new wins on the global software development market, along with our solid presence in the Baltic region, give us a positive outlook for the future of our Baltic operations,” — noted Sergiy Synyanskyy, Exigen Services CFO.
“In spite of the total Baltic decline in 2009, Exigen Services Lithuania has contributed to the growth of the company, starting several large international projects,” — added Tomas Vaiciunas, Exigen Services Lithuania COO.
About Exigen Services
Exigen® Services is an Inc. 5000 global IT company that provides a lower risk alternative to conventional application outsourcing. The company combines advanced development methodologies with value-based project governance and performance-based contracts to mitigate outsourcing risks and provide a higher return on IT project investments.
Since 2000, Exigen Services has been a global leader in the use of distributed Agile methods for rapid and precise systems development throughout the banking, insurance, brokerage, healthcare, telecommunications, government and media industries. Exigen Services has achieved high honors in a variety of independent lists and rankings, including Brown & Wilson's Black Book of Outsourcing in 2008, Global Services 100 in 2009, Global Outsourcing 100 in 2009 and Inc Magazine’s 2009 Inc5000. Clients range from mid-sized growth companies to Fortune 500 organizations, and include Sun Microsystems, CSC, T-Mobile and Westpac Bank.
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Contact
Exigen Services
Anastasia Novoseltseva
+7 812 702 51 15
www.exigenservices.com
Anastasia Novoseltseva
+7 812 702 51 15
www.exigenservices.com
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