Reksoft Offers Technical Assessment of Technology Start-Up Ventures

St. Petersburg, Russia, March 17, 2012 --(PR.com)-- Reksoft, a leading software development outsourcing provider in Eastern Europe and part of Technoserv Group, today launched a new service offering technical assessments for start-up ventures. Reksoft will assist investors in analyzing and assessing risk in technology startup deals.

The technology analysis will explore the value propositions of the technology and assess its capabilities and the maturity of its development. As a result of the assessment, the investor will obtain essential recommendations and a roadmap for technology development.

This offer is targeted at investment funds that operate in Russia and are looking into investing in IT ventures. The 66% surge in investments in Russia in 2011 – up to $190bn - has been recently confirmed by Russia’s Government Statistics Agency, Rosstat. A particular interest is evident concerning investments in technology and telecoms. According to Ernst & Young, 42% of all private equity funds in 2011 in Russia went to the high tech sector.

Reksoft is uniquely positioned to offer consulting for technology start-ups because its team has already succeeded in launching a number of venture projects in the past 20 years. These include Russia’s largest online store Ozon.ru, internet payment gateway Assist.ru, call accounting system Barsum and property management system Edelweiss/Medallion. All the products were brought to market on time and spun off successfully.

Reksoft offers three packages based on the level of details in the assessment:

- Reksoft EXP – an express assessment with a brief overview of the project and its possible life expectancy;
- Reksoft TPA – a technical project audit involving either a code review or a full review of system design and architecture;
- Reksoft PLCC – a product lifecycle assessment which includes a detailed investigation into the current development processes and testing methodology.

Investors can also use Reksoft’s development capacity as a dedicated competence center to help develop the technology into a viable product.

“The need for investors is obvious, since valuing a startup is intrinsically different from valuing established companies due to the high level of risk and often little or no revenues. Risk mitigation practices are necessary for them to make sure their funds go into the right direction. This model is designed to deliver distinct advantages. as striking an ideal balance between risk and reward is a key thing for any investor,” commented Reksoft CEO Alexander Egorov.