NEW YORK and ST. PETERSBURG, Russia, May 15, 2013 /PRNewswire/ -- First Line Software, a premier provider of software development and technology enablement services, announced today that it has been ranked among top Rising Stars by the International Association of Outsourcing Professionals (IAOP®) on its prestigious 2013 Global Outsourcing 100® list.
The distinguished panel of judges placed First Line Software at #86 overall, up from #95 in 2012, and at #11 among 25 Rising Stars. First Line received particularly high marks for its rate of growth, executive leadership, and customer references. Launched in late 2009, First Line has been growing at the compound annual rate of 79%, reaching $15 million in revenue and 375 employees by early 2013. Led by a seasoned management team with over 20 years of experience in the software development industry, First Line has now been recognized as one of the world's top 100 outsourcing providers twice in the 3 years of operation.
"As applicants continually raise the bar and as the outsourcing industry continues to grow and mature in many markets, competition is tougher," said Jag Dalal, Managing Director of Thought Leadership, IAOP and chairman of the judges' panel. "Being named to The Global Outsourcing 100 and The World's Best Outsourcing Advisors is a great achievement, particularly given the strong competition, and we are proud to recognize First Line Software for their excellence."
"We are extremely pleased to be ranked among the world's best outsourcing providers for the second year in a row," said Nick Puntikov, President, First Line Software. "Today's discerning buyers of outsourcing services are looking beyond costs to best-of-breed technologies and capabilities. We believe that only vendors who can help clients achieve maximum business agility by deploying critical technologies like cloud, big data or mobile, in combination with robust delivery processes and service models, will remain competitive and grow."
The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today's leaders, but tomorrow's rising stars.
First Line Software was included in this year's following sub-lists:
- Best 20 Companies – R&D Services;
- Best Rising Stars in Employee Growth;
- Best Rising Stars in Revenue Growth;
- Best 10 Rising Stars - Entertainment & Media;
- Best 5 Rising Stars in Russia;
- Best 20 Companies - Government (all levels).
About First Line Software
First Line Software is a premier provider of custom software development and technology enablement services, with a focus on cloud computing, data management, online media, loyalty and marketing technologies, and enterprise content management. First Line provides recognized expert services to companies in North America, Europe and Asia, including Dell, Bonnier Group, and Tupperware. Headquartered in the US, First Line operates multiple software development centers in Russia and employs 375 staff globally. First Line's culture is grounded in subject matter expertise, technical excellence, and proven methodologies, with a strong focus on Agile. For more information, visit www.firstlinesoftware.com.
SOURCE First Line Software