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DataArt[R] Builds World's Largest Online Art Auction for artnet[R].


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- DataArt, a high-end software development company with R&D centers in Eastern Europe Eastern Europe

The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991.
, announced completion of the company's development work for artnet Worldwide, an innovator in the art business and the leading Internet portal for the art market.

DataArt built artnet Online Auctions, a platform in which fine art, decorative art decorative art
n.
1. Art produced or intended primarily for utility, including jewelry, furniture, and other crafts.

2. Any of the art forms, such as pottery, weaving, or jewelry making, used to create such art.
 and design are sold online via an online auction mechanism. The platform follows in the path of artnet's other products, transforming the once opaque market with price transparency Price Transparency

The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth.
 while also making ecommerce a safe and reliable way to make art purchases.

"We were very convinced by DataArt's abilities. Everything we saw was only good, especially the quality of their technicians," said Jacob Pabst, Vice President of Technology and Product Development at artnet. "DataArt provided the kind of quality that we already had on our team. And they did what they promised."

Combining the most high-tech administration mechanism, sleek & sophisticated design, intuitive surfing, and a relatively hands-free process, artnet Online Auctions is set to truly transform the way the world buys art. The platform's key advantages are lowering costs and accelerating the time to complete a sale.

"Development of complex online trade marketplaces has long been our area of expertise," said Alexei Miller Alexei Borisovich Miller (Алексей Борисович Миллер) is Deputy Chairman of the Board of Directors and Chairman of the Management Committee (CEO) of , Executive Vice President at DataArt. "A primary success factor in our engagement with artnet was our flexibility and understanding that changes are a way of life for artnet. We needed to be quick on the turns, anticipate and manage change requests proactively, and find ways to incorporate them into the project without compromising schedule and quality."

DataArt's software developers continue working on site enhancements, new features and site maintenance.

About DataArt:

DataArt (http://www.dataart.com) is a high-end software outsourcing company with industry-specific expertise in financial technology, telecom and media sectors. The company specializes in enterprise application development, system integration and business automation tools. In 2006-2008, DataArt was named one of the world's top emerging outsourcing providers by BusinessWeek, CMP's Global Services 100 and by IAOP IAOP International Association of Outsourcing Professionals . Headquartered in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, DataArt runs R&D centers in Russia and the Ukraine and maintains offices in London, UK.
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Publication:Business Wire
Date:Dec 9, 2008
Words:353
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