OUTSOURCING: OPPORTUNITIES IN RUSSIA Information Technologies Co. (I.T.Co), a Moscow based leading Russian high-tech company with main focus on systems integration and software development, participated in IEB Europe 2001 Trade Show organised by Gartner Group and Advanstar Communications in Olympia, London on February, 21-22. I.T.Co presented custom software development and consulting services, as well as new business opportunities for offshore software development and application outsourcing in Russia. Having a significant resource and intellectual potential, I.T.Co is looking for possibilities to extend its software services that are provided to Western customers. I.T.Co has already had a positive experience of cooperation with the British ICL company in smart card payment systems development and with the French GE Medical Systems in carrying out development of customs applications.
Russia is a new rapidly growing market for offshore development that has a unique combination of factors which favour large-scale growth of custom development services. According to McKinsey Global Institute report, "the process of turning Russia into an offshore development center is gaining momentum", the volume of services is expected to grow at 50-60% per year.
Participation of I.T.Co in IEB Europe 2001 has become an important step among the events to promote the company's software development capabilities: it followed Gartner Group Fall European Symposium/ITExpo 2000 and "Britain-Russia: New Wave" conference organised by RBCC in Moscow in December 2000.