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March 29, 2011, St. Petersburg, – Reksoft, a leading provider of software development services from Eastern Europe and a part of Technoserv Group, today announced the signing of a contract with GFIU, a leading developer of electronic trading platforms in Germany, to provide outsourcing services.

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The operation of the information system for the electronic census of Lithuanian population that ended on Wednesday was ensured by cloud computing solutions.

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“For twenty years now, ELEKS has shown a consistent pattern of delivering healthy, strong revenue growth – and 2010 was no different,” noted Alex Skrypnyk, CEO of ELEKS Software.

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A leading provider of information technology, consulting, and BPO services, Cognizant has been named a “Leader” in the “The Forrester Wave(TM): Global IT Infrastructure Outsourcing, Q1 2011,”

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The IT market in Romania is slowly recovering. At the end of 2010 the market still remained in the area of uncertainly after a sharp decline in 2009 and some vague demand stabilisation in 2010.

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February 21, 2011 the International Association of Outsourcing Professionals (IAOP) released The 2011 Global Outsourcing 100, adding TEAM International to the list of top outsourcing worldwide services providers.

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In 2010 revenue of Baltic Data Center, a leader in the management of data centers and information systems in the Baltic States, was LTL 49.8 million, an increase by 25.4 per cent over the revenue of LTL 39.7 million in 2009.

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The year 2010 has seen signs of recovery in the software and IT services (SITS) market in Eastern Europe, but the trend has not yet been completely confirmed in all the countries.

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Telesens, an independent software vendor of products and services to the Telecommunications market, headquartered in London, with a development centre in Ukraine, today announced that in 2010 it concluded more than 50 new agreements and expanded significantly the geography of its activities.

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ELEKS Software today announced that Alex (Oleksiy) Skrypnyk, was selected by “Express” as a winner of the title “Lvivian of the Year” for being one of the most prominent figures in Lviv (L’vov), the capital of Western Ukraine.

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