Aplana enters into equity relationship with GRT Corporation, its US partner
Jan 20, 2004
Aplana Software, Moscow based software services provider, announced that it entered into a definitive equity agreement with GRT Corporation, a Stamford, Connecticut, USA based business and IT consulting company (GRT).
According to the agreement signed at the last quarter of 2003, GRT has been granted a certain number of Aplana shares and it has committed to a certain annual business volume. The agreement stipulates granting of additional number of Aplana shares annually.
This agreement came after 3 years of successful partnership.Victor Weinstein, General Director of Aplana: "The agreement we signed with our US partner is typical in outsourcing industry and is beneficial for both parties. Equity relationship lets the customer more options for control and monitoring of services supplier's business that result in more trustable and transparent relations. At the same time supplier's benefits are the fixed volume of services orders that makes the business more predictable and stable."Aplana Software was running an Offshore Development Center (ODC) for GRT since 2002 providing technical assistance in the areas of Data Warehousing, Data Integration and Data Quality.
ODC is becoming a major implementation force based on a highly effective delivery model developed jointly by Aplana and GRT. This model assumes forming a customer dedicated "core team" at the very early stages of cooperation, tight communications and real-time information exchange on both, project and business levels, and joint long-term workload/resource planning.
About GRT
GRT is a premier quality management consulting and IT services provider specializing in enterprise data integration services. GRT provides strategy and business case development, business requirements definition, IT strategy, business and technology architecture development, package and technology analysis and selection, and systems development and integration.GRT was selected Ernst & Young IT Solutions Entrepreneur of the Year and ranks among the Inc. 500 fastest growing companies in America and the Deloitte's Connecticut Technology Fast 50. GRT is committed to consistently exceeding client expectations by applying superior technical skills, experience and expertise to leveraging client data efficiently and effectively to deliver optimal business results. For more information, visit GRT web site at www.grtcorp.com.
About Aplana Software
APLANA Software is a Moscow based steadily growing software services company, a member of Russia's top high-tech group - I.T.Co. APLANA provides a wide spectrum of high-quality software services for international customers with focus on development and integration of software systems according to customer requirements. Aplana aims at long-term relations with customers and partners on the basis of co-operation and co-development. Aplana customer base include largest local and international companies such as Central Bank of Russia, AutoVAZ, Comstar, Procter&Gamble, OTIS, Wrigley and many others. Major successes include 3 years of maintenance of corporate SFA applications for GE Medical Systems (France), 6 years of co-development of smart-cards based technology (SmartCity, trademark of ICL/Fujitsu, USA), product development for Relavis (USA) and Systran (France).
Contacts:
APLANA SOFTWARE, I.T.Co Group
84/32 Profsoyuznaya Str, Entrance 6, Floor 7
117485, Moscow, Russia
Tel: +7 (095) 748 1345, 748 1346,
Fax: +7 (095) 333 6412
www.aplana.com
[email protected]
PR and Marketing:
Maria Dragan, Marketing manager, Aplana Software,
[email protected]
Business Contacts:
Tatiana Moiseeva, Business Development Director, Aplana Software,
[email protected]
According to the agreement signed at the last quarter of 2003, GRT has been granted a certain number of Aplana shares and it has committed to a certain annual business volume. The agreement stipulates granting of additional number of Aplana shares annually.
This agreement came after 3 years of successful partnership.Victor Weinstein, General Director of Aplana: "The agreement we signed with our US partner is typical in outsourcing industry and is beneficial for both parties. Equity relationship lets the customer more options for control and monitoring of services supplier's business that result in more trustable and transparent relations. At the same time supplier's benefits are the fixed volume of services orders that makes the business more predictable and stable."Aplana Software was running an Offshore Development Center (ODC) for GRT since 2002 providing technical assistance in the areas of Data Warehousing, Data Integration and Data Quality.
ODC is becoming a major implementation force based on a highly effective delivery model developed jointly by Aplana and GRT. This model assumes forming a customer dedicated "core team" at the very early stages of cooperation, tight communications and real-time information exchange on both, project and business levels, and joint long-term workload/resource planning.
About GRT
GRT is a premier quality management consulting and IT services provider specializing in enterprise data integration services. GRT provides strategy and business case development, business requirements definition, IT strategy, business and technology architecture development, package and technology analysis and selection, and systems development and integration.GRT was selected Ernst & Young IT Solutions Entrepreneur of the Year and ranks among the Inc. 500 fastest growing companies in America and the Deloitte's Connecticut Technology Fast 50. GRT is committed to consistently exceeding client expectations by applying superior technical skills, experience and expertise to leveraging client data efficiently and effectively to deliver optimal business results. For more information, visit GRT web site at www.grtcorp.com.
About Aplana Software
APLANA Software is a Moscow based steadily growing software services company, a member of Russia's top high-tech group - I.T.Co. APLANA provides a wide spectrum of high-quality software services for international customers with focus on development and integration of software systems according to customer requirements. Aplana aims at long-term relations with customers and partners on the basis of co-operation and co-development. Aplana customer base include largest local and international companies such as Central Bank of Russia, AutoVAZ, Comstar, Procter&Gamble, OTIS, Wrigley and many others. Major successes include 3 years of maintenance of corporate SFA applications for GE Medical Systems (France), 6 years of co-development of smart-cards based technology (SmartCity, trademark of ICL/Fujitsu, USA), product development for Relavis (USA) and Systran (France).
Contacts:
APLANA SOFTWARE, I.T.Co Group
84/32 Profsoyuznaya Str, Entrance 6, Floor 7
117485, Moscow, Russia
Tel: +7 (095) 748 1345, 748 1346,
Fax: +7 (095) 333 6412
www.aplana.com
[email protected]
PR and Marketing:
Maria Dragan, Marketing manager, Aplana Software,
[email protected]
Business Contacts:
Tatiana Moiseeva, Business Development Director, Aplana Software,
[email protected]