VanceInfo Opens China Development Center Dedicated to 3M China
March 18 2008 - 7:36AM
PR Newswire (US)
SHANGHAI, China, March 18 /Xinhua-PRNewswire/ -- VanceInfo
Technologies Inc. (NYSE:VIT), an IT service provider and one of the
leading offshore software development companies in China, today
announced the opening of a China Development Center (CDC) in
Shanghai specifically designed for 3M China. In the newly
established CDC, VanceInfo's application development and IT
services team will provide 3M China with IT services and consulting
support for the group's needs including eBusiness application
development, data warehousing / business intelligence, and
enterprise solutions. China's booming economy has encouraged the
rapid expansion of many multinational corporations in the region.
As a result, the demand for IT services has been increasing and has
created new and promising growth opportunities for Chinese IT
outsourcing service providers such as VanceInfo, one of the leading
players in the IT services market in China. VanceInfo designed the
CDC specifically for 3M China with the goal of enabling the group's
IT department to support the rapid growth 3M is experiencing in
China and the region. The CDC partnership demonstrates the
significant inroads VanceInfo has made in providing IT consulting
and services for the manufacturing industry in China. VanceInfo has
built and currently operates CDCs for many multinational
corporations in industries as varied as technology, telecom and
manufacturing. This unique combination of CDC experience, technical
expertise, and domain knowledge, has made VanceInfo an ideal
partner for 3M in China. Established in 1984, 3M China became the
first foreign invested company in China outside of the Shenzhen
Special Economic Zone. Today eBusiness solutions has become an
integral part of 3M China's internal and external business
processes like product development, marketing, supply chain
management, customer service, and human resource management.
VanceInfo's professional support is enabling 3M China to optimize
operation processes and offer better service to its customers
across diversified industries and market segments. "VanceInfo is an
excellent partner, and we are quite impressed by the outstanding
quality of their work," said Eric I. Sposeep, Head of IT Department
of 3M China. "The new CDC VanceInfo has designed to serve 3M China
will considerably boost the efficiency, performance, and
flexibility of our IT services as we support 3M's aggressive growth
in China." Mr. Chris Chen, Chief Executive Officer of VanceInfo
added, "Our collaboration with 3M China is a new milestone for
VanceInfo's IT outsourcing services for manufacturers. Our success
with 3M China will enhance our technical capabilities for
manufacturing clients and help us expand our footprint in the
sector in the future. We are committed to providing first- class
professional service to meet 3M China's needs and to support its
continuous growth in China as well as in the world." About
VanceInfo VanceInfo is an IT service provider and one of the
leading offshore software development companies in China. VanceInfo
ranked among the top three Chinese offshore software development
service providers for the North American and European markets as
measured by 2006 revenues, according to International Data
Corporation. VanceInfo's comprehensive range of IT services
includes research & development services, enterprise solutions,
application development & maintenance, quality assurance &
testing, and globalization & localization. VanceInfo provides
these services primarily to corporations headquartered in the
United States, Europe, Japan and China, targeting high growth
industries such as technology, telecommunications, financial
services, manufacturing, retail and distribution. Safe Harbor This
press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "should," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected. Potential risks and uncertainties include, but are not
limited to, the Company's dependence on a limited number of clients
for a significant portion of its revenues, the overall economic
growth in its principal geographic markets, the quality and
portfolio of its services lines and industry expertise, and the
availability of a large talent pool in China and supply of
qualified professionals, as well as the PRC government's investment
in infrastructure construction and adoption of various incentives
in the IT service industry. Further information regarding these and
other risks is included in VanceInfo's filings with the U.S.
Securities and Exchange Commission, including its registration
statement on Form F-1. All information provided in this press
release and in the attachments is as of March 18, 2008, and
VanceInfo does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law. For
further information, contact: Melissa Ning Director, Investor
Relations VanceInfo Technologies Inc. Tel: +86-10-8282-5330 Email:
Tip Fleming Christensen Tel: +852-2232-3922 Email: Chris Gustafson
Christensen Tel: +1-602-980-0048 Email: Media contact: Jeffery Liu
Manager, Marketing Tel: +86-10-82825266 x8673 Email: DATASOURCE:
VanceInfo Technologies Inc. CONTACT: Melissa Ning, Director,
Investor Relations, +86-10-8282-5330, or , or, Media contact:
Jeffery Liu, +86-10-82825266 x8673, or , both of VanceInfo
Technologies Inc.; or Tip Fleming, +852-2232-3922, or , or Chris
Gustafson, +1-602-980- 0048, or , both of Christensen for VanceInfo
Technologies Inc.
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