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Summary
Ukr ainian software development company QArea Group reports the last year results. The 49% revenue growth, several dozens of successfully implemented projects forcustomers in the USA and Europe, 34% increase in staff. To reach such excellentachievements QArea Group has exerted special effort.
FOR IMMEDIATE RELEASEMax Garkavtsev, CEO, QArea Group, Ukraine: Â IT Outsourcing Develops not OnlySoftware but Also the Spirit of EntrepreneurÂ
Ukraine, March 10, 2006 Â Ukrainian software development company QArea Group reportsthe last year results. The 49% revenue growth, several dozens of successfullyimplemented projects for customers in the USA and Europe, 34% increase in staff. Toreach such excellent achievements QArea Group has exerted special effort.
 Much more customers, much more complex software developed, much more revenue. Thisbolsters the spirit of entrepreneur -- in such brief and expressive manner MaxGarkavtsev, CEO of QArea Group, summed up the main results of the past year at anannual meeting of the company management staff held on the 6-th of March, 2006 inKharkiv, Ukraine.
QArea is a Ukrainian group of software development companies that provides a widerange of IT outsourcing services for customers in the U.S., Canada, and the WesternEurope. In 2005 the QArea revenue increased by 49 per cent. The number of staffgrew by 34% and amounted to more than 200 persons. All main QArea activities  handheld computers (PDA) and mobile application development, Web developmentservices, .NET and Java software development - were essentially expanded.
17 new large projects (each at least of 5,000 man-hours duration) were successfullyimplemented for customers in the USA, Germany, Great Britain and other Europeancountries. High quality and non-trivial approach of services QArea provides isopenly shown from such customersÂ' testimonials like this one from a client inCambridge, England: Â QArea team was also very proactive, suggesting new approachesand improvements that we were glad to implement. Quite simply, they are the bestoutside program team we have worked with.Â
All that is especially significant because the IT outsourcing market is the one ofextremely tense competition. To reach such achievements QArea management exertedevery effort.  Outsourcing means transferring a part of job to another firmespecially overseas, comments Max Garkavtsev.  But outsourcing transfers somethingmore. It transfers the spirit of entrepreneur. It is an excellent school ofbusiness, school of client-oriented approach, school of competition. To win in thismarket you must be a diligent student.Â
Indeed, QArea management has been paying permanent attention to organize allprocesses in accordance with the best practice. Several business trips to softwarecompanies in Great Britain and some other European countries, participation in CeBIT2005, Hanover, Germany, 3GSM World Congress in Barcelona, Spain, and in theOutsourcing Forum in Kiev, Ukraine, allowed to establish relations with potentialpartners, study their experience, and more deeply understand needs and requirementsof Western customers.
QArea management has developed a clear understanding that the fast growth should beaccompanied with the strengthening and improvement of all management processes. This task also was one of the highest priorities in 2005. In particular, the QAreatop management was enlarged with three highly experienced managers, one of which forseveral years had worked in a US software company.
The efforts of QArea management have been yielding good fruit. To date the Companyhas amassed a substantial experience in software development and porting for mobilephones and PDA and has implemented complex low-level drivers, handheld business andleisure-and-entertainment activities applications, Poker analyzing tool, as well asexciting games such as Wireless Casino (including 7 most addictive casino games),Sea Battle for Symbian OS, Chess, and some others. Departments of the most high-endtechnologies - .NET and Java - grew very fast in 2005. Effective businessmanagement systems like a resort management system, a signature capture applicationare among their accomplishments.
QArea web development team, which joined experts in web and WAP portals, onlinecommunities and e-commerce, had implemented a whole series of interesting projects:e-shops, portals, personal sites, logos, banners, and even funny Flash-games. Andwhen the customer says  We've been working with QArea on several design projects andwe are very satisfied with the results -- it is the best award for excellent work.
The QArea Group motto for 2006 is  Optimization, consolidation and harmoniousgrowth . In his report QArea CEO Max Garkavtsev stated detailed arrangements toachieve declared goals and objectives.  Our effective competitive businesssolutions are the main base for all our further achievements, emphasized MaxGarkavtsev closing the annual QArea meeting.
About QArea: QArea is the one of the largest offshore software development companiesin Eastern Europe since 2001. Its primary focus is brought upon applicationdevelopment for handheld devices (j2me development, Symbian, WinCE / Windows Mobile,Palm devices) and mobile web application development. Also, QArea cultivates strong.NET and Java teams performing standalone and web-application development andtesting services.
