Ciklum, Provider of Outsourcing to Ukraine, at E Commerce Expo

LONDON, October 21, 2010 - Ciklum - www.ciklum.net - the IT outsourcing company offering
nearshoring in Eastern Europe
(www.ciklum.net/pressroom/why-adopt-nearshore-agile-development) ,
showcased its portfolio of services at E Commerce Expo 2010. The online
retail UK trade show, at which Ciklum, provider of software development in
Eastern Europe (
www.ciklum.net/pressroom/finding-cost-effective-solutions) , was
exhibiting on Stand 316, was held on 19th - 20th October at Olympia, London.

Ciklum is the leading IT company, offering outsourcing to Ukraine
(www.ciklum.net/about/why-outsource-to-ukraine) , which specialises in
providing nearshore software development. Clients pursuing nearshoring in
Eastern Europe are provided with their own development teams based in the
Ukraine, so that their software development can be more innovative and
creative than traditional off-shore models, offering a solution which can be
tailored to their individual business requirements. With over 850 specialists
and 100 global client teams at present, the organisation is continually
expanding to meet the demands of the market.

According to the 2009 CHAOS Report, only 32% of all outsourced software
projects succeeded, while 68% either failed or were severely challenged. In
addition, IAG Consulting found that 68% of companies experienced a project
failure due to target times not being met, functionality not being delivered
and budgets being exceeded due to poor initial requirements gathering.

Craig Wilson, Managing Director of Ciklum UK, comments, "The tide has
turned on traditional off-shore services as a means of deriving substantial
cost savings from IT development because the results aren't standing up to
scrutiny. Usually 'backshoring' - returning the activity to an in-house model
- is the Plan B. However, few organisations in the current climate can afford
domestic salaries and it is here that 'nearshore' services have stepped in.
The most compelling propositions combine cost-efficiencies, often greater
than those of traditional offshoring, with more familiar, flexible working
practices and greater management control."

Wilson continues, "The traditional offshoring model of sequentially
following a steady development process - often referred to as the 'waterfall
model' - allows for no initiative to be taken as the specifications are
adhered to blindly. Indeed, by the time any errors in the original project
specifications are discovered, it is too late - the work has been done and
the time and budget spent, leaving the client organisation with little choice
but to invest again. Therefore, using resources, such as outsourcing to
Ukraine and software development in Eastern Europe, that share a culture,
time zone and work ethic, yet still deliver all the benefits of outsourcing,
and also offer an initiative-based service that avoids errors in
specifications derailing projects, is a far more cost effective option than
either traditional offshoring or in-house management. Simply put, the
addition of initiative into the outsourcing offering prevents avoidable
issues."

For further information on outsourcing to Ukraine and the principle of
nearshoring in Eastern Europe, please visit www.ciklum.net

About Ciklum

Ciklum is a Danish IT outsourcing company specializing in
nearshore software development by establishing and servicing clients'
own development teams in Ukraine. The environment of services and
knowledge sharing within the company helps clients to market quickly and with
less risk and minimal investment. Established in 2002, Ciklum, specialists in
software development in Eastern Europe, employs more than 800 specialists
with more than 100 global client teams. Ciklum has four development offices
for outsourcing to Ukraine, two in Pakistan, and one in Belarus, as well as
representative offices in Denmark, Sweden, United Kingdom, Switzerland,
Germany and the Netherlands. Ciklum is a winner of Red Herring 100 Europe
2009, recognized as CeBIT 2010 Top 20 innovative company delivering
services/products for small and medium sized companies, and named the 2010
Top 100 global services provider through its nearshoring in Eastern Europe.

    For information please contact:
    Ciklum
    Gary Ross
    Sales Manager
    +44-(0)7788-706-897

    Press Contact
    Will Gardiner
    itpr
    +44-(0)1932-578-800

For information please contact: Ciklum, Gary Ross, Sales Manager, +44-(0)7788-706-897;
Press Contact, Will Gardiner, itpr, +44-(0)1932-578-800