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Offshore agreement

Thailand’s Mustang Technologies and Sweden’s Arctic Group Agree Offshore Software Development Partnership

(Bangkok, Thailand) – Mustang Technologies, a leading provider of software services in Thailand, announced today that Sweden’s Arctic Group , has agreed to partner with Mustang Technologies by concluding an Offshore Software Services Agreement whereby the Arctic Group will outsource the development of telecommunication and customs software applications to Mustang in order to achieve affordable quality for its clients.

Mustang Technologies Founder and CEO, Charles J. Kathrein, added, “We are delighted that Arctic Group has agreed to be Mustang’s strategic partner by outsourcing software development projects relating to telecommunication and customs for their clients worldwide. This partnership with a market leader in the Nordic region extends Mustang’s customer base beyond the United Kingdom and the United States as part of Mustang’s global growth strategy.”

Arctic Group’s CEO (Customs Solutions), Jonas Lind, added “This partnership with Mustang will enable Arctic Group to deliver high quality, affordable telecommunication and customs software applications to our clients. Arctic Group selected Mustang due its proven track record and experienced management team.”

About Mustang Technologies
Mustang Technologies is a privately owned, Thailand Board of Investment promoted, technology company that focuses on providing outsourced software and e-commerce services. Mustang Technologies has more than 200 software developers at its offshore software development centers (OSDC) in Software Park Thailand, near Bangkok, Thailand; Hanoi, Vietnam; Karachi, Pakistan; and, Dhaka, Bangladesh, that offer high quality, affordable software development services. Mustang Technologies’ MUSTANG COD MODEL gives global clients, looking for affordable alternative to in-house software development, an opportunity to manage their software development projects using highly skilled, affordable, local development teams. Mustang Technologies’ senior management team has more than 50 years experience in the Information Communication Technology (ICT) industry.

For more information please visit our website: www.mustang-technologies.com

For more information please contact:
Charles J. Kathrein, Founder and CEO
E-mail: charles.kathrein@mustang-technologies.com

About Arctic Group:
Arctic Group is a group of highly competent, experienced technical consultants. We focus on two main areas: customs applications and telecoms. Our clients include the Swedish Customs, the Latvian Customs, IsMobile and TeliaSonera.

Arctic Customs Solutions has been a main supplier, service provider, and consultant to the Swedish Customs IT department over the last 16 years. Furthermore the company’s experts have experiences of working with the Estonian Customs, the Kazakhstan Customs and the Latvian Customs. Arctic Customs Solutions has 30 consultants, all with an extensive experience of software development and consulting in the field of customs application.

Within telecom the company has spearhead competence in the areas of CRM-applications, security and mobile applications. The company has built this competence by being a provider to the largest network operator in Sweden, TeliaSonera .

For more information please visit our website: www.arcticgroup.se

For more information please contact:
Mr. Jonas Lind, CEO (Customs Solutions)
E-mail: jonas.lind@arcticgroup.se

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Arctic Group - works for you
Arctic Group is a company located in northern Sweden focused on the global market. Over the last years we have gained international experience from projects in 20 different countries. With an exceptional profitable growth of more than 100 % since 2006, our revenue in 2009 was over € 14 million.

We specialize in two business areas, IT solutions for Customs administrations and for Telecom operators. The company has built up its leading-edge expertise in those two areas by supplying IT consultancy services to highly esteemed actors in several countries in those two markets.