U.S. and Russian Corporations Gather to Discuss Offshore Software Development Relationships at Technology Roundtable.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 19, 2002

Leading International Thought Leaders and Influencers Share Best

Practices and Discuss Joint IT Development Initiatives

The Russian Software Developers Associations (RUSSOFT) and Intel today announced a roundtable to further drive communication and cooperation between the Russian software development community and American organizations. The meeting will take place on November 21, 2002, at the Hilton San Jose, and is sponsored by Intel and RUSSOFT with support from the Foundation for the Development of Information Technologies and U.S. based Mirantis.

Evgeniy Velikhov, President of the Russian Scientific Center of Kurchatov Institute and co-chairman of the US-Russia IT Roundtable, and EDventure Holdings Chairman Esther Dyson, notable for their activity on Russian-American cooperative development, will serve as keynote speakers along with Stephen Lane, Research Director for Aberdeen Group. Lane will present his point of view on the situation on the Russian IT market through the eyes of American businesses. The San Jose IT round table will advance discussions from the first Russian-American Roundtable on Information Technologies, which took place in May 2002, in Moscow in the framework of U.S. President George W. Bush and Russian President Vladimir V. Putin summit. This roundtable continues the discussion on US-Russian technology cooperation and forges forward in determining the best methods to enhance those relationships.

U.S. based corporations Boeing, Cadence, Benchmark Capital, CSC, Danemark, Gartner Group, Intel, Motorola, Philips Semiconductors, PRTM will be in attendance to discuss Russian outsourcing experiences and share results and return on investment facts and figures.

Leading Russian software development companies EPAM Systems, eVelopers, LUXOFT, Star Software, Telma and TerraLink will present success stories and best practices of cooperative software development projects between Russian and American companies. In addition, attendee discussions will center around joint development of software products for the global market, solutions for internal IT challenges, as well as opportunities for U.S. IT service organizations to enter the Russian market.

Many large American corporations are now actively cooperating with Russian software companies, including Boeing, Dell, IBM, Intel, Motorola, Nortel Networks and Sun Microsystems. The San Jose IT round table will use those case studies to highlight the benefits and opportunities for both the U.S. based organizations and Russian development corporations.

According to Valentin Makarov, RUSSOFT President, "When arranging this roundtable, RUSSOFT pursues one core objective - to strengthen the image of Russian software development companies as that of sound participants in the global IT market. Such meetings are a good chance to further acquaint American businesses with Russian software developers and the services they offer, as well as to discuss opportunities for cooperation in a number of industries."

"Intel has been committed to the Russian market for over 11 years and believes very strongly in the benefits for the U.S. and for Russia, when the two countries invest in each other's information and communication industries. We are delighted to be sponsoring this event," commented Steve Chase, president of Intel's Russian representative office.

About Intel

Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom

About RUSSOFT

RUSSOFT (www.russoft.org )is the first Russian software developers association. It was created in September 2001, with the goal to promote Russian software development companies in international markets. RUSSOFT unites more than 50 leading software developers across different regions and industrial centers of Russia and Belarus. The association's membership controls more than 40% of the Russian software development and export market.