StarSoft Appoints IT Services Industry Veteran Alex Adamopoulos as Senior Vice President

CAMBRIDGE, MA -- (MARKET WIRE) -- November 08, 2006 -- StarSoft Development Labs, the fastest growing software outsourcing service provider in Russia and Eastern Europe, today announced the appointment of IT services industry veteran Alex Adamopoulos as Senior Vice President. Adamopoulos will spearhead the company's global business development and strategy, focusing on building and streamlining sales efforts in the North American and EMEA regions. He will be based in StarSoft's headquarter offices in Cambridge, Massachusetts.

Adamopoulos has over 17 years of industry experience in professional and IT services, successfully advising and consulting with a combination of Fortune 1000 and startup organizations to shape their business model for further expansion and growth.

"Alex brings to StarSoft extensive international and industry-leading IT services sales expertise coupled with technology and industry know-how," said Nick Puntikov, CEO of StarSoft Development Labs. "Alex understands how to effectively advise clients on critical technology and services investment decisions. At this turning point in our company's history, he will be a key player on our executive team, helping us cultivate new business opportunities and leverage the capacity we have built in our offshore development centers in both St. Petersburg and Kazan in Russia as well as Dnepropetrovsk, Ukraine."

"I see a lot of opportunity for companies to tap into the software development brainpower available in Eastern Europe, and particularly in Russia, where the market is really opening up," said Alex Adamopoulos. "StarSoft occupies a unique position in this market. For me, it is thrilling to join StarSoft now since the company has built up unrivalled outsourcing management expertise over 15 years. They have access to the best industry talent and a commitment to exploiting new, highly productive Agile development methodologies that dramatically improve software quality and time-to-market on mission-critical enterprise software projects for companies large and small."

Prior to StarSoft, Adamopoulos previously served as Director, Global Services, at EMC Corporation where he was primarily responsible for expanding EMC's global professional services strategy by implementing standards, engagement and delivery models and by playing a key role in the sales effort.

About StarSoft Development Labs
StarSoft Development Labs has been providing software-outsourcing services to American and European clients since 1991. Headquartered in Cambridge, Massachusetts, USA, StarSoft operates development centers in the Russian cities of St. Petersburg and Kazan, and in Dnepropetrovsk, Ukraine. StarSoft excels in developing complex e-business solutions, enterprise portals, and specialized business applications for healthcare, telecommunications, financial services, real estate, and other industry sectors. Clients include Computer Sciences Corporation (CSC), T-Mobile, IBM, Macromedia, Fellowes, SirsiDynix, and other Fortune 500 and mid-size growth companies. For further information, please visit www.starsoftlabs.com.

For more information, please contact:
Cheryl Gale
617-475-1570
Stephanie Rubino
17-475-1574
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