Released on: July 21, 2008, 5:46 am

Press Release Author: Lyudmila Kurbatskaya

Industry: Software

Press Release Summary: One more award has been achieved by Sergey Gvardeitsev, CEO
of ITransion software development company.

Press Release Body: Minsk, Belarus - July, 10, 2008 - Sergey Gvardeitsev, CEO of
ITransion awarded "Man of Business" prize in the nomination «for establishing an
enterprise showing an example of the transition to innovative track of development".

The "Man of Business" contest is held in Minsk annually with the purpose of
revealing twelve most successful top-managers. The decision is based on the business
activity of the enterprises that they head. This year's contest was marked by the
equal number of participants representing state-owned and private companies.

Being a lecturer at the State University in the past, Sergey Gvardeitsev knows that
"it is talented and motivated people who build up the main production potential of
the company". According to Mr. Gvardeitsev, such staffing policy has brought
ITransition onto its innovative and highly perspective track of development. "From
the very beginning, we staked on talented people and passionate professionals. There
are quite a few of them, one or two per thousand. It is exactly involvement of
professionals in business, which makes our business grow", said Mr. Gvardeitsev.
"Like the majority of other Belarusian IT companies, ITransition started with
providing software development outsourcing services. However, now, the company has
reached a new level, when it is successfully working on large development projects,
which require top-notch work and closer cooperation with the customer", Gvardeitsev
added.

According to Director of Institute of Economics of the National Academy of Sciences
of Belarus, Petr Nikitenko, Belarus sees significant growth in professionalism of
top managers of both state-owned and private enterprises. The "Man of Business 2008"
contest, which presented a bunch of successful top managers, is a proof to that.

About "Man of Business" Contest
First held in 1995, "Man of Business" contest is directed at detecting twelve
top-managers and owners of most rapidly developing state and private enterprises
working on the Belarusian market. The contest is organized by "Business" magazine
every year and is rightfully considered one of the most prestigious contests in the
entrepreneurship sphere in Belarus. "Man of Business 2008" prize-winners were
awarded by special certificates and hand-made souvenirs, works of arts of famous
Belarusian sculptor Sergei Gumilevskiy.

About ITransition and the track of its development
ITransition is an international software development company featured in Global
Outsourcing 100 edition and CIO 100 awards lists with development centers in Eastern
Europe and branch offices in the US, Canada, Netherlands, UK, Baltic States and
Russia. With the pool of more than 600 software developers in staff, ITransition is
approaching to complicated software projects, requiring high-level expertise and
closer cooperation with the customer.


Web Site: http://www.itransition.com

Contact Details: Contact Details: 2, Melnicayte st.220004,
Minsk, Republic of Belarus
Phone/Fax: +375 (17) 222 6108
info@itransition.com