VanceInfo Technologies Named to the 2009 Global Outsourcing 100 List
March 23 2009 - 8:00AM
PR Newswire (US)
BEIJING, March 23 /PRNewswire-Asia/ -- VanceInfo Technologies Inc.
(NYSE:VIT) ("VanceInfo" or the "Company"), an IT service provider
and one of the leading offshore software development companies in
China, today announced that it has been recognized on the 2009
Global Outsourcing 100 list by the International Association of
Outsourcing Professionals (IAOP). This is the second year VanceInfo
has made the annual Global Outsourcing 100 list. The International
Association of Outsourcing Professionals(TM) (IAOP(TM)) is in its
fourth year of compiling its annual ranking of the world's best
outsourcing service providers and advisors -- The Global
Outsourcing 100. The International Association of Outsourcing
Professionals (IAOP) is the global, standard-setting organization
and advocate for the outsourcing profession. "Each year the
competition to be named to the top 100 companies continues to reach
higher levels, as the outsourcing industry continues to grow and
mature in many markets. This year, the judges evaluated the most
diverse set of applicants we've ever had, with ongoing strong
interest from Asia-Pacific and Europe," said Jagdish Dalal,
Managing Director, Thought Leadership, IAOP and chairman of the
judges' panel. "Getting named to The Global Outsourcing 100 is a
great recognition, particularly given the strong competition, and
these companies should be proud of achieving excellence in the
field." Chris Chen, Chairman and Chief Executive Officer of
VanceInfo, commented, "We are pleased to be included on the 2009
Global Outsourcing 100 list again, which recognizes us as one of
the most highly regarded service providers in the industry.
VanceInfo will continue to focus on enhancing our delivery
capabilities and improving operational excellence in order to
better serve our clients." 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. 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
economic slowdown 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 23, 2009, 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.
DATASOURCE: VanceInfo Technologies Inc. CONTACT: VanceInfo
Technologies Inc., Melissa Ning at +86-10-8282-5330 or
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