VanceInfo Signs Contract With Leading Handset Manufacturer
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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: ir@vanceinfo.com
SOURCE VanceInfo Technologies Inc.
Melissa Ning, Director, Investor Relations, VanceInfo Technologies Inc.,
+86-10-8282-5330, or ir@vanceinfo.com
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