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Mirantis, Inc.; Announces Successful "Build-Operate-Transfer" (BOT) Methodology as New Definition of Business in Russia

Mirantis announces a first in the industry with the successful completion of a Build-Operate-Transfer (BOT) methodology for Cadence Design Systems. Providing Cadence a distinctive new approach in maintaining a Technology presence in Russia.

Mirantis, Inc., a premier provider of managed Technology Development Centers (TDC's) for major software, hardware, and other sophisticated technology companies, is pleased to announce the successful completion of a Build-Operate-Transfer (BOT) program for Cadence Design Systems Russia. Mirantis is the only Russian outsource company to successfully bring to fruition a (BOT) system with a Fortune 1000 Company. .

This (BOT) model is specifically directed at companies that are seeking to establish a long-term technology presence in Russia, but are not ready to invest a large outlay before realizing the benefits of a Russian technology center. The (BOT) model permits companies to set up operations with minimal investment while utilizing a localized partner who will execute both a comprehensive build and operate program, as well as initiate the company into successful business practices in Russia subsequently transferring the operation to client ownership.

Mirantis President and CEO, Alex Freedland, in conjunction with Alexey Komkov, General Director of Cadence Design Systems LLC, and Russia will present a case study outlining the successful execution of the (BOT) program. "A Global Perspective for U.S. Business in the Russian Software Outsourcing Industry" at the Fourth Russian Outsourcing & Software Summit in St. Petersburg to take place June 9 - 12. 2004.

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As defined by Mirantis CEO Alex Freedland. "Given the tremendous success of the Software Outsourcing Summit over the years, we are thrilled to be presenting at this important forum at a time when Global Technology Providers are expanding their international reach. Our industry's continual success has succeeded in putting Russia on the map as a mainstream location for outsourcing high-end R&D as well as a source for hard-to-find skills. We at Mirantis are proud to have pioneered a business model that allows technology companies to establish their own operations in Russia via a (BOT) model."