2008-07-22 10:58:43 - Minsk, Belarus - July, 10, 2008

Sergey Gvardeitsev, CEO of ITransion awarded 'Man of Business' prize in the nomination «for establishing an enterprise showing an example of the transition to innovative track of development'.

The 'Man of Business' contest is held in Minsk annually with the purpose of revealing twelve most successful top-managers. The decision is based on the business activity of the enterprises that they head.

This year's contest was marked by the equal number of participants representing state-owned and private companies.

Being a lecturer at the State University in the past, Sergey Gvardeitsev knows that 'it is talented and motivated people who build up the main production potential of the company'. According to Mr. Gvardeitsev, such staffing policy has brought ITransition onto its innovative and highly perspective track of development. 'From the very beginning, we staked on talented people and passionate professionals. There are quite a few of them, one or two per thousand. It is exactly involvement of professionals in business, which makes our business grow', said Mr. Gvardeitsev.

'Like the majority of other Belarusian IT companies, ITransition started with providing software development outsourcing services. However, now, the company has reached a new level, when it is successfully working on large development projects, which require top-notch work and closer cooperation with the customer', Gvardeitsev added.

According to Director of Institute of Economics of the National Academy of Sciences of Belarus, Petr Nikitenko, Belarus sees significant growth in professionalism of top managers of both state-owned and private enterprises. The 'Man of Business 2008' contest, which presented a bunch of successful top managers, is a proof to that.

About 'Man of Business' Contest
First held in 1995, 'Man of Business' contest is directed at detecting twelve top-managers and owners of most rapidly developing state and private enterprises working on the Belarusian market. The contest is organized by 'Business' magazine every year and is rightfully considered one of the most prestigious contests in the entrepreneurship sphere in Belarus. 'Man of Business 2008' prize-winners were awarded by special certificates and hand-made souvenirs, works of arts of famous Belarusian sculptor Sergei Gumilevskiy.

About ITransition and the track of its development
ITransition is an international software development company featured in Global Outsourcing 100 edition and CIO 100 awards lists with development centers in Eastern Europe and branch offices in the US, Canada, Netherlands, UK, Baltic States and Russia. With the pool of more than 600 software developers in staff, ITransition is approaching to complicated software projects, requiring high-level expertise and closer cooperation with the customer.
www.itransition.com