Press Release Summary = Ukrainian software development company QArea Group reports
the last year results. The 49% revenue growth, several dozens of successfully
implemented projects for customers in the USA and Europe, 34% increase in staff. To
reach such excellent achievements QArea Group has exerted special effort.
Press Release Body = Max Garkavtsev, CEO, QArea Group, Ukraine: ”IT Outsourcing
Develops not Only Software but Also the Spirit of Entrepreneur”
Summary
Ukrainian software development company QArea Group reports the last year results.
The 49% revenue growth, several dozens of successfully implemented projects for
customers in the USA and Europe, 34% increase in staff. To reach such excellent
achievements QArea Group has exerted special effort.
FOR IMMEDIATE RELEASE
Max Garkavtsev, CEO, QArea Group, Ukraine: ”IT Outsourcing Develops not Only
Software but Also the Spirit of Entrepreneur”
Ukraine, March 10, 2006 – Ukrainian software development company QArea Group reports
the last year results. The 49% revenue growth, several dozens of successfully
implemented projects for customers in the USA and Europe, 34% increase in staff. To
reach such excellent achievements QArea Group has exerted special effort.
“Much more customers, much more complex software developed, much more revenue. This
bolsters the spirit of entrepreneur” -- in such brief and expressive manner Max
Garkavtsev, CEO of QArea Group, summed up the main results of the past year at an
annual meeting of the company management staff held on the 6-th of March, 2006 in
Kharkiv, Ukraine.
QArea is a Ukrainian group of software development companies that provides a wide
range of IT outsourcing services for customers in the U.S., Canada, and the Western
Europe. In 2005 the QArea revenue increased by 49 per cent. The number of staff
grew by 34% and amounted to more than 200 persons. All main QArea activities –
handheld computers (PDA) and mobile application development, Web development
services, .NET and Java software development - were essentially expanded.
17 new large projects (each at least of 5,000 man-hours duration) were successfully
implemented for customers in the USA, Germany, Great Britain and other European
countries. High quality and non-trivial approach of services QArea provides is
openly shown from such customers’ testimonials like this one from a client in
Cambridge, England: “QArea team was also very proactive, suggesting new approaches
and improvements that we were glad to implement. Quite simply, they are the best
outside program team we have worked with.”
All that is especially significant because the IT outsourcing market is the one of
extremely tense competition. To reach such achievements QArea management exerted
every effort. “Outsourcing means transferring a part of job to another firm
especially overseas,” comments Max Garkavtsev. “But outsourcing transfers something
more. It transfers the spirit of entrepreneur. It is an excellent school of
business, school of client-oriented approach, school of competition. To win in this
market you must be a diligent student.”
Indeed, QArea management has been paying permanent attention to organize all
processes in accordance with the best practice. Several business trips to software
companies in Great Britain and some other European countries, participation in CeBIT
2005, Hanover, Germany, 3GSM World Congress in Barcelona, Spain, and in the
Outsourcing Forum in Kiev, Ukraine, allowed to establish relations with potential
partners, study their experience, and more deeply understand needs and requirements
of Western customers.
QArea management has developed a clear understanding that the fast growth should be
accompanied with the strengthening and improvement of all management processes.
This task also was one of the highest priorities in 2005. In particular, the QArea
top management was enlarged with three highly experienced managers, one of which for
several years had worked in a US software company.
The efforts of QArea management have been yielding good fruit. To date the Company
has amassed a substantial experience in software development and porting for mobile
phones and PDA and has implemented complex low-level drivers, handheld business and
leisure-and-entertainment activities applications, Poker analyzing tool, as well as
exciting games such as Wireless Casino (including 7 most addictive casino games),
Sea Battle for Symbian OS, Chess, and some others. Departments of the most high-end
technologies - .NET and Java - grew very fast in 2005. Effective business
management systems like a resort management system, a signature capture application
are among their accomplishments.
QArea web development team, which joined experts in web and WAP portals, online
communities and e-commerce, had implemented a whole series of interesting projects:
e-shops, portals, personal sites, logos, banners, and even funny Flash-games. And
when the customer says “We\'ve been working with QArea on several design projects and
we are very satisfied with the results” -- it is the best award for excellent work.
The QArea Group motto for 2006 is “Optimization, consolidation and harmonious
growth”. In his report QArea CEO Max Garkavtsev stated detailed arrangements to
achieve declared goals and objectives. “Our effective competitive business
solutions are the main base for all our further achievements,” emphasized Max
Garkavtsev closing the annual QArea meeting.
About QArea: QArea is the one of the largest offshore software development companies
in Eastern Europe since 2001. Its primary focus is brought upon application
development for handheld devices (j2me development, Symbian, WinCE / Windows Mobile,
Palm devices) and mobile web application development. Also, QArea cultivates strong
.NET and Java teams performing standalone and web-application development and
testing services.
2025
