KIEV, UKRAINE--(MARKET WIRE)--Aug 20, 2008 -- The IT outsourcing market is evolving, not only geographically but also with innovative new business models, services and methods in which outsourcing companies and their clients operate. Ciklum, an IT outsourcing company specializing in nearshore software development in Ukraine, will showcase its unique merge of technical expertise, human resources and administrative efficiencies in outsourcing at the first Nordic IT Forum.

This two-day matchmaking event, taking place September 10-12 in Kiev, is aimed at bringing together Nordic companies with Ukrainian IT firms. Ambassadors from the Norwegian and Danish embassies, as well as the Trade Council of Denmark, Sweden, Norway and Finland, will be in attendance.

Ciklum will highlight its concept of outsourcing 2.0, designed to build an international community of knowledge sharing that helps clients to market quickly and with less risk and minimal investment. With 700 employees and more than 80 emerging tech clients, Ciklum is bringing greater value to the IT outsourcing environment through the establishment of interactive IT teams that enable clients to work directly with developers to reach a higher level of productivity.

Torben Majgaard, Ciklum's founder and CEO, will speak at the Nordic IT Forum about market trends in outsourcing and the company's innovative work with emerging technology companies around the world.

Majgaard's presentation will focus on Ciklum's client work with coComment, a Swiss startup company providing clients with services that allow them to track, organize, compile and update comment-based conversations that take place on the Web.

About Ciklum

Ciklum is an innovative IT outsourcing company specializing in nearshore software development in Ukraine. The company's unique business model merges the human element with IT to build an international community of knowledge sharing that helps clients to market quickly and with less risk and minimal investment. Established in 2002, Ciklum employs more than 700 specialists with more than 80 global client teams. Ciklum has seven offices in the four largest cities in Ukraine, as well as offices in Denmark, Sweden, United Kingdom and the Netherlands. Ciklum is a member of the Ukrainian Hi-Tech Initiative. For more information, visit www.ciklum.com.

     Media Contacts:
      
     Ukraine
     Anna Pryymak
     Ciklum
     +38 050 378 20 75
     annp@ciklum.net
      
     EMEA
     Jennifer Hicks or Alex Crabb
     ink Communications for Ciklum
     +1-617-488-0988 ext. 2 or ext. 7
     jennifer@theinkstudio.com or alex@theinkstudio.com