Da Vinci Capital Invested in DataArt.

Leading emerging markets private equity firm, announced today that it has invested in DataArt, a leading global technology consultancy that designs and develops unique software solutions, to support the company’s growth momentum in key industries. Under the agreement, Da Vinci Capital acquired a substantial, non-controlling interest in DataArt. DataArt operations remain under the control and leadership of the existing DataArt executive management team. Financial terms were not disclosed. “DataArt’s strong revenue growth is key to our interest in the company. DataArt focuses on providing high-quality engineering services for complex software projects. Da Vinci Capital is excited to partner with DataArt, and we seek to replicate the success of our prior investment in Epam Systems, which completed an IPO on the NYSE in 2012. Our exhaustive due diligence process revealed that DataArt has an exceptionally strong reputation among its clients, partners and industry peers for quality, integrity and performance, which was pivotal in Da Vinci Capital’s decision to invest.” Dennis Fulling, Da Vinci Capital Managing Partner.