Reksoft has summarized the preliminary results of its activities in 2004 - RUSSOFT
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Reksoft has summarized the preliminary results of its activities in 2004

During the last year, Reksoft's turnover grew by 54%. Reksoft's team increased by 22 % and now exceeds 220 people based in the company's headquarters in St. Petersburg.

Source: Reksoft
Feb 25, 2005
During the last year, Reksoft's turnover grew by 54 %. Reksoft's team increased by 22 % and now exceeds 220 people based in the company's headquarters in St. Petersburg. This is apart from sales & support teams in the company's offices in Moscow and Stockholm.

In 2004, Reksoft won five new international customers, with major gains in Northern Europe (Denmark, Finland, Sweden). Besides that, Reksoft has seen a significant growth in revenue from existing clients both in Europe and the US. For instance, in the fall of 2004, SoftBrands Inc., a supplier of enterprise software for the manufacturing and hospitality sectors, announced the expansion of its developers group in Reksoft and an active involvement of Russian developers in training personnel from SoftBrands' Testing Center, which is to be set up in Bangalore, India in 2005.

A number of the world's most respected analytical houses (Forrester Research, Gartner Group, IDC, Meta Group), featured Reksoft in research papers on Russian IT services, as one of the IT vendors to watch in Eastern Europe.

Commenting on the results of the year, Alexander Egorov, Reksoft's CEO, said, "we are pleased with the results achieved in 2004. However, we clearly understand that these results would not have been possible without our customers. That is one of the reasons why we started a number of initiatives to better tailor our offer to our clients last year. We have also extended our partners network in Germany and I anticipate the significant growth potential in this market."