Released on: July 1, 2008, 12:21 am

Press Release Author: Ukrainian Hi-Tech Initiative

Industry: Internet & Online

Press Release Summary: Ciklum, a well-established Ukrainian outsourcing company of
Danish origin that specializes in nearshore software development outsourcing became
the 46 member of Ukrainian Hi-Tech Initiative.

Press Release Body: Kiev, July 1, 2008 - Ukrainian company Ciklum became the 46
member of Ukrainian Hi-Tech Initiative.

Ukrainian Hi-Tech Initiative - an alliance of the leading Ukrainian companies
providing offshore IT outsourcing services and BPO services to the foreign clients,
is actively extending its membership. Currently Ukrainian Hi-Tech Initiative unites
46 software development companies that employ more than 3500 highly skilled
professionals. The companies-members represent all the largest software development
centers: Kiev, Kharkov, Dnepropetrovsk, Chernigov, Khmelnitskiy, Lvov, Donetsk,
Simferopol and others. Ukrainian Hi-Tech Initiative is the largest software
association in Ukraine.

Ciklum, a well-established Ukrainian outsourcing company of Danish origin that
specializes in nearshore software development outsourcing became the 46 member of
Ukrainian Hi-Tech Initiative. The company was founded in 2002 and has grown to be
one of the 3 biggest software companies in Ukraine employing about 700 specialists
that work on more than 80 ongoing IT projects. Ciklum is rapidly expanding its
business not only in Ukraine, but also in Europe. Besides seven offices in the four
largest cities in Ukraine, Ciklum has its representative offices in Denmark, Sweden,
Britain and the Netherlands.

Hi-Tech Initiative and Ciklum are closely collaborating for a long period. Last year
Ciklum sponsored Ukrainian Outsourcing Forum '2007, an annual event organized by
Ukrainian Hi-Tech Initiative. In April-May 2008 Initiative held several events
aimed at young specialists, graduates and students employment in IT sphere. Ciklum
strongly supported the events and sent its representatives to participate and make
presentations.

"As the collaboration with Hi-Tech Initiative is an important factor for our
business development, we decided to join the association to make this collaboration
even closer. This membership gives us an opportunity of extending international
business contacts for cooperation in software development sphere. We seek to
developing partnership with Ukrainian IT vendors, exchanging the experience,
participating in joint projects. Having become the member of Ukrainian Hi-Tech
Initiative, we gained the access to the new marketing channels in American and
European markets, that Initiative has established" - noted Torben Majgaard, the
Founder and CEO of Ciklum.


Ukrainian Hi-Tech Initiative

Ukrainian Hi-Tech Initiative is a leading Ukrainian alliance of offshore software
development and IT outsourcing providers. The mission of the alliance is to promote
Ukrainian software development companies in the global market.

Hi-Tech Initiative provides the Ukrainian software developers with the opportunity
to enhance their business in the areas of IT outsourcing and offshore programming by
using the partner network and marketing channels of the Initiative in the external
markets.

Ukrainian Hi-Tech Initiative provides the services in establishing partnerships,
collaborating in IT projects implementation, assisting in BPO between Ukrainian and
western companies.

Ukrainian Hi-Tech Initiative objectives:

. setting up and development of international connections in the sphere of software
development;
. creation of a possible image of Ukrainian software development on the foreign
markets;
. search and selection of partners supplying IT services outsourcing and BPO in
Ukraine;
. finding investors into Ukrainian software development industry;
. establish stable channels for exchanging information with foreign markets;
. promote development of hi-tech industries in Ukrainian economy;
. promote the export potential of Ukrainian enterprises engaged in hi-tech industries;
. promote utilization of scientific potential in products of the Ukrainian hi-tech
industries;
. encourage advanced training of hi-tech professionals.

Ciklum

Ciklum is Ukrainian based software outsourcing company with Danish Management. It
was established in the year 2002. Ciklum, currently, has over 700 employees, over 80
on-going IT projects and now is in the list of top three largest IT companies in
Ukraine.

Our main focus is on establishing teams for our clients. Ciklum supports its clients
in working directly with the developers to reach a high level of productivity and
relationship.

We ensure an absolutely favourable environment for our clients and their teams.
Ciklum surrounds them with knowledge sharing activities, social events, strong
infrastructure, financial and administrative support, QA and consulting services
during their entire outsourcing experience.

Additionally, Ciklum provides project-based service and peak resources on a
short-time basis to accomplish very specific tasks in a time-efficient way and with
superior quality. If the client wishes to get employees working in their home
country location, Ciklum provides relocation service as well.


Web Site: http://www.hi-tech.org.ua

Contact Details: Iryna Dubeniuk
\"Ukrainian Hi-Tech Initiative\"
mail: IraD@hi-tech.org.ua


www: www.hi-tech.org.ua
office: +380-44-458-1753
adress: 28, Mashinostroitelnyj lane,
Kiev, Ukraine