First Line Software, a premiere provider of software development and technology enablement services, announced today that it has been recognized among top Rising Stars by International Association of Outsourcing Professionals (IAOP®) on its prestigious 2012 Global Outsourcing 100® list.

The distinguished panel of judges gave high marks to First Line’s rate of growth, customer references, and executive leadership, emphasizing the key factors driving First Line’s success in the market. Lead by a seasoned management team with a track record of over 20 years in the software outsourcing industry, First Line was able to make the list of the world’s top 100 outsourcing providers and advisors in only 2 years. Launched in late 2009 with only 30 employees, First Line reached $12 million in revenue and 300 employees by January 2012.

“In today’s economy, it is more important than ever for outsourcing end users to be able to easily identify and select the right company for their outsourcing needs,” said IAOP Chairman, Michael Corbett. “The Global Outsourcing 100 and The World’s Best Outsourcing Advisors lists are essential for companies who are looking for proven leaders and rising stars in the outsourcing industry.”

Going beyond the traditional scope of application development outsourcing, First Line also assist its technology customers with integrationand client implementation services, as well as help them develop new geographical markets. This integrated services portfolio enables First Line’s technology clients to focus on their core value drivers and thus achieve faster and more sustainable growth.

“We pride ourselves on delighting our customers and on continually coming up with new and innovative ways to add value,” saidAlex Pozdniakov, CEO, First Line Software. “Therefore we are very pleased that it was customer references that were recognized by the IAOP as First Line’s key strength. We have been working very hard over the last couple of years, replicating the growth trajectory that took many of our competitors much longer to cover. We hope that our expertise and our service model will continue to create satisfied customers in the years to come.”

First Line was included in the following sub-lists:

• Best Rising Stars in Employee Growth;
• Best Rising Stars in Revenue Growth;
• Best 5 Rising Stars – Entertainment & Media;
• Best 10 Rising Stars – Research & Development Services;
• Best 5 Rising Stars in Russia;
• Best 10 Companies – Government (all levels).