ScienceSoft Opens Office in Finland

On January 25, 2010 ScienceSoft Inc. inaugurated its foreign subsidiary in Helsinki, Finland.

ScienceSoft Finland Oy is a limited liability company established to implement ScienceSoft´s business development strategy in the Nordic market. The Finnish office will be engaged in market research, sales, and support of the customer base in Finland and other Nordic countries. Even closer proximity, geographically, culturally and language-wise, will take the cooperation with existing and future customers onto the next level.

Almost a decade of ScienceSoft presence in the Nordic countries yielded several dozens of realized projects in software development and IT outsourcing and ongoing business relationships, including with Tieto, the largest Nordic IT consultancy. The decision to set up a legal entity in Finland was prompted by the company´s interest in providing higher added value to customers and further expansion of the customer base. The decision has been also underpinned by positive forecasts for the IT sector growth in this region. The Scandinavian IT market is projected to grow at a CAGR of 2% during the next 5 years, as suggested by IDC research. As macroeconomic indicators rebound and pent-up demand is released, organizations will increase their IT spending in the quest for efficiency improvement and cost savings.

"The opening of an office in Finland is a logical step in ScienceSoft´s commitment to meet customers´ needs and to increase our presence in the region. This will bring us closer to our clients and will enable us to provide them with even superior service", said Nick Kurayev, CEO of ScienceSoft.