Intel, Ernst & Young, IBS Bullish on US-Russia Technology Partnerships
Nov 21, 2002
BOSTON, MA, USA, NOVEMBER 14, 2002. Senior New England information technology executives gathered last night in Boston to hear how to capitalize on business with Russia, one of the fastest growing economies in the world today, and how to build profitable technology partnerships there.
Dan Satinsky, President of the US-Russia Chamber of Commerce in Boston, welcomed the group saying, "The Chamber, The National Software Association of Russia (RUSSOFT), and our sponsors are pleased to bring to Boston a window on the IT scene in Russia, straight from those who are participating in its expansion."
"Over 11 years, our experience in Russia has been by-and-large a positive one," reported Steve Chase, President, Intel Russia. "Because of this and a series of other considerations, we plan to further expand both our business and our investment in the country during 2003."
Similarly, Mark Sanor, Partner, E&Y (CIS) Ltd., presented a picture of an increasingly positive Russian business climate, conducive to the entry of American multi-nationals and smaller sized companies. "Working on the merger and acquisition side of the business in Russia, I am seeing definite growth in the number and nature of viable business opportunities coming from various parts of the country."
In testimony to what could be a new Russia to many American IT executives, Anatoly Karachinsky, one of Russia's main technology business visionaries and President of its largest IT holding company IBS, said, "Businesses in both countries have been built on the value of US-Russia technology partnerships. But we need to expand this interaction. In the short-term, we can work together to enhance price competitiveness in a tough economic climate. In the long-term we can partner to contribute to the pace of innovation throughout the world. There is a great potential in Russian IT that has yet to be fully realized."
The program, which attracted senior technology and business development executives, IT analysts, investors, and press from New England, New York and Washington, was sponsored by Auriga, Inc. of Amherst, New Hampshire (www.auriga.com) STAR Software of St. Petersburg, Russia (www.star.spb.ru) and Vested Development, Inc. of Burlington, Massachusetts (www.vdiweb.com). It was the second in a series of IT events hosted by the USRCCB and Russoft during 2002 to locally complement The Russian American Business Dialogue and the US-Russia IT Roundtable. These economic development initiatives were put in place on the Federal government level by the Bush and Putin Administrations, and are supported energetically by key IT industry players in both countries.
AeA/New England, The Massachusetts Software and Internet Council, The Massachusetts Telecommunications Council, The International Resource Center of New Hampshire, the Software Association of New Hampshire (SwANH), and the Maine International Trade Center were primary supporters of the US-Russia Technology Partners event.
For further information, please contact:
Kathleen O'Donnell, President
Market Access International Inc.
978.465.1100
Dan Satinsky, President of the US-Russia Chamber of Commerce in Boston, welcomed the group saying, "The Chamber, The National Software Association of Russia (RUSSOFT), and our sponsors are pleased to bring to Boston a window on the IT scene in Russia, straight from those who are participating in its expansion."
"Over 11 years, our experience in Russia has been by-and-large a positive one," reported Steve Chase, President, Intel Russia. "Because of this and a series of other considerations, we plan to further expand both our business and our investment in the country during 2003."
Similarly, Mark Sanor, Partner, E&Y (CIS) Ltd., presented a picture of an increasingly positive Russian business climate, conducive to the entry of American multi-nationals and smaller sized companies. "Working on the merger and acquisition side of the business in Russia, I am seeing definite growth in the number and nature of viable business opportunities coming from various parts of the country."
In testimony to what could be a new Russia to many American IT executives, Anatoly Karachinsky, one of Russia's main technology business visionaries and President of its largest IT holding company IBS, said, "Businesses in both countries have been built on the value of US-Russia technology partnerships. But we need to expand this interaction. In the short-term, we can work together to enhance price competitiveness in a tough economic climate. In the long-term we can partner to contribute to the pace of innovation throughout the world. There is a great potential in Russian IT that has yet to be fully realized."
The program, which attracted senior technology and business development executives, IT analysts, investors, and press from New England, New York and Washington, was sponsored by Auriga, Inc. of Amherst, New Hampshire (www.auriga.com) STAR Software of St. Petersburg, Russia (www.star.spb.ru) and Vested Development, Inc. of Burlington, Massachusetts (www.vdiweb.com). It was the second in a series of IT events hosted by the USRCCB and Russoft during 2002 to locally complement The Russian American Business Dialogue and the US-Russia IT Roundtable. These economic development initiatives were put in place on the Federal government level by the Bush and Putin Administrations, and are supported energetically by key IT industry players in both countries.
AeA/New England, The Massachusetts Software and Internet Council, The Massachusetts Telecommunications Council, The International Resource Center of New Hampshire, the Software Association of New Hampshire (SwANH), and the Maine International Trade Center were primary supporters of the US-Russia Technology Partners event.
For further information, please contact:
Kathleen O'Donnell, President
Market Access International Inc.
978.465.1100