VanceInfo Signs Contract With Leading Handset Manufacturer
July 23 2008 - 5:00AM
PR Newswire (US)
BEIJING, July 23 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc.
(NYSE:VIT), an IT service provider and one of the leading offshore
software development companies in China, today announced that it
has signed a two-year contract to provide a full range of quality
assurance services to a leading global mobile handset producer. Mr.
Chris Chen, Chief Executive Officer of VanceInfo, stated, "This new
assignment further enhances our presence in the mobile technology
industry. It demonstrates our ability to execute our growth
strategies, one of which is to develop new business opportunities
in the fast growing wireless sector. We have four years of
experience building and operating offshore R&D and testing
centers for multinational clients, including another leading global
handset manufacturer. With our well established capabilities and
proven track record in this service area, we are proud to have been
selected by this new mobile device client, who is one of the top
globally recognized handset makers." Chris further added, "We will
allocate the best available resources in order to provide our new
client with the same high quality services and help our client
enhance its R&D efficiency. The contract will require us to
quickly ramp up a fairly sized team, and we hope to further expand
it in the coming years. We look forward to building a long-term
relationship with this new partner." About VanceInfo VanceInfo
Technologies Inc. is an IT service provider and one of the leading
offshore software development companies in China. VanceInfo was the
first China software development outsourcer listed on the New York
Stock Exchange. The Company ranked number one among Chinese
offshore software development service providers for the North
American and European markets as measured by 2007 revenues,
according to International Data Corporation, or IDC, a leading
independent market research firm. 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. 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 July 23, 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, please
contact: Melissa Ning Director, Investor Relations VanceInfo
Technologies Inc. Tel: +86-10-8282-5330 Email: DATASOURCE:
VanceInfo Technologies Inc. CONTACT: Melissa Ning, Director,
Investor Relations, VanceInfo Technologies Inc., +86-10-8282-5330,
or
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