Aplana Software is listed in Technology Fast 500 EMEA

Moscow, 6 December, 2005 – Aplana Software – one of the leading Russian outsourcing software services vendors - has been listed in 43rd position in the annual Deloitte ranking of 500 fastest-growing technology companies from Europe, Middle east and Africa (EMEA). According to the ranking results, Aplana Software demonstrated the fastest growing rates among only three Russian companies listed in this year’s winners list. The Technology Fast 500 EMEA ranking results were presented at the Awards Ceremony that took place in London last week.

“Technology Fast 500 EMEA” ranking has been conducted by Deloitte since 2002 and it is considered to be one of the most comprehensive and respected rankings of the fastest growing technology companies within the EMEA region. This year’s results are once again based on revenue performance over the five years, from 2000 to 2004. Aplana was named among the first 50 finalists with an average revenue growth of 1779 percent over the last five years.

“We believe that it is not only an achievement of a single company but a success of the overall Russian software services industry that plays rapidly growing role in the European economy” – commented Victor Weinstein, CEO at Aplana Software.

Richard Leslie, the UK General Manager at Aplana Software who represented the company at the ceremony added: "I am delighted that Aplana was listed so highly in the Fast500 EMEA. This listing not only indicates the rapid growth within Aplana as a business, but it also displays a growing demand for outsourcing software development to offshore locations within the European region. To be associated with Deloitte's Fast500 initiatives gives Aplana the opportunity to compete at a global level and grow our business into the future".