Merger of Exigen Services and StarSoft creates a new-generation outsourcing service provider

Exigen Services, one of the largest providers of IT outsourcing services in Central and Eastern Europe, and StarSoft Development Labs, the leading player on the custom software development market in Russia and Ukraine, announced their merger today.

Exigen Services possesses a strong production base in the European Union and unique in-house experience in outsourcing and development of IT solutions for large corporations, while StarSoft holds a strong position on the Russian labor market and is a global leader in the use of Agile software development methodologies. The combination of these advantages will create a new-generation outsourcing company capable of providing a comprehensive range of services to Global 2000 corporations in America and Western Europe.

"The merger with StarSoft, one of the leading service companies in the world according to the Global Services 100 annual rating compiled by neoIT consulting company, will substantially boost our ability to implement serious large-scale projects," says Alec Miloslavsky, President and Chairman of the Board of Exigen Services. "The advantages of the new company include our broad experience in many industries, such as banking and financial services, telecommunications, insurance or state institutions, as well as the easy access to the highly qualified IT labor market in Russia, Ukraine and the Baltic states."

"The merger of our two companies, with similar strategic goals, corporate values and cultures, creates one of the largest and most dynamic IT service companies in Europe," says Nikolay Puntikov, Director General of StarSoft."The combination of professionalism of our staff, scale and geography of our services, advanced developed methodologies and our own know-how in deploying complex IT solutions provides our global clients with a broader spectrum of services and models of cooperation."

"StarSoft is our old proven partner. The strategic merger with Exigen Services is taking the company to the leading positions in the region," comments Alan Guthrie, Director of offshore programs of CSC (Computer Sciences Corporation). "The combination of EU presence with first-class Russian specialists gives CSC and our customers long-term competitive advantages."

"Today, Eastern Europe is confidently occupying key positions in the world as a market of IT outsourcing services. Demand by large customers is the principal driver of industry consolidation, causing new leaders to emerge within the region’ those able to use the economy of scale." says Leo Shklovsky, member of the board of Exigen Services. "The merger with StarSoft substantially enhances our presence on the Russian and Ukrainian highly qualified labor markets and reinforces the leading positions of Exigen Services on the Eastern European IT outsourcing market."

Upon the merger, Alex Miloslavsky will remain President and Chairman of the Board of Exigen Services. Nikolay Puntikov will become President for Eastern Europe, taking charge of the activities and strategic development of Exigen Services in CIS countries.