25 January 2010

HTP Resident ScienceSoft Inc. opens a subsidiary in Finland to better meet the needs of its customers in the Nordic countries and to expand its presence in the region.

On January 25, 2010 ScienceSoft Inc. (Belarus) inaugurated its foreign subsidiary in Helsinki, Finland.

ScienceSoft Finland Oy is a limited liability company established to implement ScienceSoft's business development strategy in the Nordic market. The Finnish office will be engaged in market research, sales, and support of the customer base in Finland and other Nordic countries. Even closer proximity, geographically, culturally and language-wise, will take the cooperation with existing and future customers onto the next level.

Almost a decade of ScienceSoft presence in the Nordic countries yielded several dozens of realized projects and ongoing relationships in the region, including Tieto, the largest Nordic IT consultancy. The decision to set up a legal entity in Finland was prompted by the company's interest in providing higher added value to customers and further expansion of the customer base. The decision has been also underpinned by positive forecasts for the IT sector growth in this region. The Scandinavian IT market is projected to grow at a CAGR of 2% during the next 5 years, as suggested by IDC research. As macroeconomic indicators rebound and pent-up demand is released, organizations will increase their IT spending in the quest for efficiency improvement and cost savings.

"The opening of an office in Finland is a logical step in ScienceSoft's commitment to meet customers' needs and to increase our presence in the region. This will bring us closer to our clients and will enable us to provide them with even superior service", said Nikolay Kurayev, CEO of ScienceSoft in Belarus.

About ScienceSoft Inc. | more
ScienceSoft Inc. is a leading Eastern European IT outsourcing company located in Minsk, Belarus. The company's highlights include 250 experienced professionals, ISO 9001:2000 certified processes and 20 years of market experience. ScienceSoft was granted the status of IBM Core Supplier for technical services in Belarus for 2009. ScienceSoft is a Microsoft Gold Certified Partner. The company is the resident of Belarusian High-Tech Park since 2006.

ScienceSoft's service offerings include outsourced product development, mobile application development, software application migration, custom development, Microsoft technology consulting, and software testing. The global client base exceeds one hundred companies, from small businesses to Fortune 500 multinationals. The company possesses strong knowledge of vertical domains including banking and finance, healthcare, telecommunication, engineering, entertainment, retail, security, construction and transportation.