CNews Analytics determines the 2007 market leaders

August 08, 2007

Exigen Services, a leading company of the Eastern European custom software development industry, has been recognized by CNews Analytics agency as the largest player in the region for its market segment. Exigen Services is one of the ten largest IT companies of the Russian Northwest, ranking second in the region by its growth rates. In 2006, Exigen Services posted revenues in excess of 55 million dollars.

Early this year, Exigen Services acquired StarSoft Development Labs, the oldest and largest software development company of the Russian Northwest. The merger became another stage in the precipitous growth of the company at the rate of 60-70% per year in recent years. The portfolio of Exigen Services includes unique and most complex projects for such companies as Universal Music Group, CSC, T-Mobile and others. In 2007, the company acquired several new large customers, including Deutsche Bank, Standard & Poor’s, and Dell.

In order to maintain the revenue growth, Exigen Services continues to develop the global network of offices and branches. A new development center has recently been opened in Minsk. Expansion is also continuing in the offices and development centers in Kazan, Dubna, Dnepropetrovsk, Boston, New York and London. The company is also developing its resource pool by training the specialists in its own training centers and attracting highly qualified staff from other regions. Today, the total workforce of Exigen Services worldwide is 1600 people.

IT in St. Petersburg 2007 (survey)

About Exigen Services

Exigen® Services is a global IT company that provides application outsourcing and business transformation services to clients in the Financial Services, Insurance, Telecom and Media industries. Exigen Services combines Agile development practices and value-based project governance with an outcome-based delivery model to facilitate alignment with clients and their business goals.

Together, Exigen Services and its clients manage project risk and focus on maximizing the value delivered throughout the project lifecycle. Centers of Excellence for industries and technologies and a global network of delivery teams are located across Northern and Eastern Europe, Russia, China and the U.S. Industry-leading clients range from mid-sized growth companies to large global organizations including: T-Mobile, Julius Baer, Eniro, and Hollard Insurance.