Released on = June 11, 2007, 5:53 am

Press Release Author = Hi-Tech Initiative

Industry = Software

Press Release Summary = 21 May 2007, Kiev. Ukrainian Hi-Tech Initiative membership
increased with a new company – “Krendls” (Dnepropetrovsk).

Press Release Body = New member of Ukrainian Hi-Tech Initiative.

21 May 2007, Kiev. Ukrainian Hi-Tech Initiative membership increased with a new
company – “Krendls” (Dnepropetrovsk).

“Krendls” is the European software development company located in
Ukraine with the representative office in Germany. The company started its operation
in 2006. Now it is a dynamically growing company providing fast and
highly-functional solutions for B2B and B2C segments. Main development interests of
“Krendls” are closer partnership with European companies as well as
companies from the USA, Europe and Japan.

“Krendls” is a strong team of professionals that produce world quality
products: the company has successfully utilized their experience in a number of
projects tied to Internet Billing, Intranet Billing, Mobile Payments Processing,
On-line Fraud Monitoring. It was also involved into the projects dealing with
entertainment, business portals, insurance and medical solutions development. The
company has implemented a clear interaction process between the branches of the
matrix departmental system. Such a process helps to increase efficiency of the work
on projects and communication with the customers up to 50-60%, which simultaneously
decreases the projects duration saving the client money. Today the company employs
more than 40 skilled technical professionals (50% - C#/ASP.NET + ADO, VB developers,
30% - PHP, 20% - J2ME, 5 project managers, QA team and 2 designers).

According to the commercial director of the company, Aleksander Pshenyanikov, -
“Joining Ukrainian Hi-Tech Initiative is one of the steps that proves our
growth. “Krendls” has very ambitious plans as to developing its hi-tech
business. IT outsourcing today is one of the most intellectual productions in
Ukraine and the work of Ukrainian programmers is in popular demand on the
international markets. In the nearest future our company is planning to enter and
obtain a strong position on the European, American and Asian markets.”

“Krendls” is the 39th member of the Ukrainian Hi-Tech Initiative.
Ukrainian Hi-Tech Initiative is the largest IT Association in Ukraine. It unites
software development companies from Kiev, Kharkov, Dnepropetrovsk, Chernigov, Lvov,
Donetsk and Simferopol. Also the Initiative cooperates with more than a half of
Ukrainian software development companies and providers of business processes support
services.

Ukrainian Hi-Tech Initiative objectives are:

• expansion of international contacts and relations for collaboration in the
area of software development
• formation of positive image of Ukrainian software development on the global
markets
• search and selection of the partners providing IT outsourcing and BPO
services in Ukraine
• organization of meetings between Ukrainian and foreign companies
• formation of investment into Ukrainian Software Development industry

Ukrainian Hi-Tech Initiative is the organizer of the annual Ukrainian Outsourcing
Forum (www.outsourcing-forum.com.ua) – IT Business Forum aimed at covering and
promotion of Ukrainian Software Development and Outsourcing services market. This
year IV Annual Ukrainian Outsourcing Forum ‘2007 will be held on November 1,
2. More than 200 companies from Ukraine, NIS, Europe and the USA are expected to
participate in the event.


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

Contact Details = 28 Mashynobudivelnyj lane,
Kyiv, 03067, Ukraine
alenag@hi-tech.org.ua
+380444581753
http://www.hi-tech.org.ua