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.
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