| Kiev, July 1, 2008 - Ukrainian company Ciklum became | | | | global market. |
| the 46 member of Ukrainian Hi-Tech Initiative. | | | | Hi-Tech Initiative provides the Ukrainian software |
| Ukrainian Hi-Tech Initiative - an alliance of the leading | | | | developers with the opportunity to enhance their |
| Ukrainian companies providing offshore IT outsourcing | | | | business in the areas of IT outsourcing and offshore |
| services and BPO services to the foreign clients, is | | | | programming by using the partner network and |
| actively extending its membership. Currently Ukrainian | | | | marketing channels of the Initiative in the external |
| Hi-Tech Initiative unites 46 software development | | | | markets. |
| companies that employ more than 3500 highly skilled | | | | Ukrainian Hi-Tech Initiative provides the services in |
| professionals. The companies-members represent all | | | | establishing partnerships, collaborating in IT projects |
| the largest software development centers: Kiev, | | | | implementation, assisting in BPO between Ukrainian and |
| Kharkov, Dnepropetrovsk, Chernigov, Khmelnitskiy, | | | | western companies. |
| Lvov, Donetsk, Simferopol and others. Ukrainian | | | | Ukrainian Hi-Tech Initiative objectives: |
| Hi-Tech Initiative is the largest software association in | | | | • setting up and development of international |
| Ukraine. | | | | connections in the sphere of software development; |
| Ciklum, a well-established Ukrainian outsourcing | | | | • creation of a possible image of Ukrainian |
| company of Danish origin that specializes in nearshore | | | | software development on the foreign markets; |
| software development outsourcing became the 46 | | | | • search and selection of partners supplying |
| member of Ukrainian Hi-Tech Initiative. The company | | | | IT services outsourcing and BPO in Ukraine; |
| was founded in 2002 and has grown to be one of the | | | | • finding investors into Ukrainian software |
| 3 biggest software companies in Ukraine employing | | | | development industry; |
| about 700 specialists that work on more than 80 | | | | • establish stable channels for exchanging |
| ongoing IT projects. Ciklum is rapidly expanding its | | | | information with foreign markets; |
| business not only in Ukraine, but also in Europe. Besides | | | | • promote development of hi-tech industries in |
| seven offices in the four largest cities in Ukraine, | | | | Ukrainian economy; |
| Ciklum has its representative offices in Denmark, | | | | • promote the export potential of Ukrainian |
| Sweden, Britain and the Netherlands. | | | | enterprises engaged in hi-tech industries; |
| Hi-Tech Initiative and Ciklum are closely collaborating | | | | • promote utilization of scientific potential in |
| for a long period. Last year Ciklum sponsored Ukrainian | | | | products of the Ukrainian hi-tech industries; |
| Outsourcing Forum '2007, an annual event organized | | | | • encourage advanced training of hi-tech |
| by Ukrainian Hi-Tech Initiative. In April-May 2008 Initiative | | | | professionals. |
| held several events aimed at young specialists, | | | | Ciklum |
| graduates and students employment in IT sphere. | | | | Ciklum is Ukrainian based software outsourcing |
| Ciklum strongly supported the events and sent its | | | | company with Danish Management. It was established |
| representatives to participate and make presentations. | | | | in the year 2002. Ciklum, currently, has over 700 |
| "As the collaboration with Hi-Tech Initiative is an | | | | employees, over 80 on-going IT projects and now is in |
| important factor for our business development, we | | | | the list of top three largest IT companies in Ukraine. |
| decided to join the association to make this | | | | Our main focus is on establishing teams for our clients. |
| collaboration even closer. This membership gives us an | | | | Ciklum supports its clients in working directly with the |
| opportunity of extending international business contacts | | | | developers to reach a high level of productivity and |
| for cooperation in software development sphere. We | | | | relationship. |
| seek to developing partnership with Ukrainian IT | | | | We ensure an absolutely favourable environment for |
| vendors, exchanging the experience, participating in | | | | our clients and their teams. Ciklum surrounds them with |
| joint projects. Having become the member of Ukrainian | | | | knowledge sharing activities, social events, strong |
| Hi-Tech Initiative, we gained the access to the new | | | | infrastructure, financial and administrative support, QA |
| marketing channels in American and European | | | | and consulting services during their entire outsourcing |
| markets, that Initiative has established" - noted Torben | | | | experience. |
| Majgaard, the Founder and CEO of Ciklum. | | | | Additionally, Ciklum provides project-based service and |
| Ukrainian Hi-Tech Initiative | | | | peak resources on a short-time basis to accomplish |
| Ukrainian Hi-Tech Initiative is a leading Ukrainian alliance | | | | very specific tasks in a time-efficient way and with |
| of offshore software development and IT outsourcing | | | | superior quality. If the client wishes to get employees |
| providers. The mission of the alliance is to promote | | | | working in their home country location, Ciklum provides |
| Ukrainian software development companies in the | | | | relocation service as well. |