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A relatively new company, Luxoft has painstakingly built out its operations since its founding in 2000, tapping Russia’s elite universities for top science talent and judiciously opening centers in Central and Eastern Europe.

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TMT.Ventures’08 Kyiv is most exciting conference for innovative technology entrepreneurs and ICT executives, local and regional VC’s and angel investors as well as media people and industry opinion leaders. Be the part of this exciting event, express your opinions during discussion panels and participate in ‘7 minutes’ unique competition for innovative entrepreneurs and their projects.

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April 10, 2008, Kiev – Ukrainian Hi-Tech Initiative has become a strategic partner of conference TMT.Ventures’08 Kiev, which will take place on April, 17 in hotel Hyatt Regency, Kiev.

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Looking back at the past often helps predict the future… or at least gives hints about the next day’s trends. According to Gartner approximately $730 billion was spent on IT services in the world in 2007 which was by 8.7% more than in the previous year. The following segments showed robust growth: IT management, custom software development and maintenance, and IT consulting.

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International Software & Productivity Engineering Institute (INTSPEI) announced that it is sponsoring the 6th International Scientific and Practical Conference on Programming UkrPROG 2008, which will be hosted in Kiev, Ukraine on May 27-29, 2008.

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On March 12, 2008 IBA Group, a global IT service provider headquartered in Prague, opened a new office in Brno, Czech Republic. The move was driven by an increasing demand for IT outsourcing services in Europe and served as a part of the IBA’s enrollment in the business development program supported by the Czech Government.

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IT outsourcing evolves and current trends are more than positive for Eastern European outsourcing vendors that come to the global arena and prove as solid players that shall be taken seriously now. The findings of the study attest that Russian and Eastern European software development companies have joined the Big League of IT outsourcing services providers to compete with India-based recognized giants.

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Asseco Slovakia, leading Slovak system integrator and supplier of IT solutions, will become 100% owner of Asseco Czech Republic upon the commission of Special general assembly.

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EPAM Systems, Inc., the leading global software engineering outsourcing provider with development centers in Central and Eastern Europe, announced today that it has reconfirmed its status as the foremost IT outsourcing vendor in Europe.

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According to IDC forecasts, the global IT offshore outsourcing market growth will be 7 billion US dollars in 2008 to 17 billion US dollars, a compound annual growth rate (CAGR) of about 20%.

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