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VanceInfo

Company type	Public (NYSE: VIT)
Founded	1995
Headquarters	Beijing, P.R.China
Key people	Chris Chen (CEO and founder)
Website	www.vanceinfo.com

VanceInfo is one of the largest IT outsourcing companies in China.

Company Overview

VanceInfo Technologies Inc. (NYSE: VIT) is an IT service provider and one of the offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange. It ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2010 revenues, according to International Data Corporation (IDC).

VanceInfo sells its services across a wide range of industries in the Technology, Telecommunications, Financial Services, Travel Services, Manufacturing and Retail & Distribution sectors. Clients include Microsoft, IBM, Expedia, Cathay Pacific, TIBCO, HP, EMC, NEC, Mitsubishi, Huawei, Lenovo, ABB, 3M and many other leading Fortune 500 companies. VanceInfo, headquartered in Beijing, has built offices and branches in Shanghai, Nanjing, Shenzhen, Dalian, Hangzhou, Guangzhou, Tianjin, Wuhan, Chengdu, Xi'an, Hong Kong, Melbourne, Tokyo, Kuala Lumpur, San Diego, Seattle, San Francisco, New York and London.

The company has received a number of awards recognizing their service capabilities and growth potential, including:

• Ranked NO.1 among Chinese offshore software development vendors for North American and European markets by 2010 revenues according to IDC
• 2011 "Global Outsourcing 100 Leader" Award selected by IAOP
• 2011 "Top Global Mid-tier ITO Vendor" by Global Services
• 2011 "Top 10 Product Engineering Vendor" by Global Services
• 2011 Ranked the 8th fastest-growing technology company and 31st overall on Fortune's 100 Fastest-Growing Companies list
• 2010 Deloitte China Risk Intelligence Award for superior Enterprise Risk Management (ERM) practices
• 2010 Microsoft Vendor Excellence Award: "Quality Excellence"
• 2007 winner of the "Red Herring 100 Global" Award selected by Red Herring magazine as one of the most promising technology firms in the world

Company History

2010

• Built Offshore Development Center (ODC) for Cathay Pacific Airways
• "2010 Global Outsourcing 100" by IAOP
• "Global Services 100" by Neo IT
• "No.1 among Chinese offshore software development vendors for North American and European markets" by IDC
• Opened Melbourne office in Australia
• Built Offshore Development Center (ODC) for Hainan Airlines Group

2009

• Built Offshore Development Center (ODC) for Expedia
• "2009 Global Outsourcing 100" by IAOP
• "Global Services 100" by Neo IT
• "No.1 among Chinese offshore software development vendors for North American and European markets" by IDC
• Opened London office in UK
• Built Outsourced Development Center for China Merchants Bank

2008

• Opened Chengdu office
• "Global Services 100" by Neo IT
• "No.1 among Chinese offshore software development vendors for North American and European markets" by IDC
• Signed contract with a Leading Handset Manufacturer
• Announced Joint Venture to provide IT outsourcing services to Financial industry

2007

• Changed name from Worksoft to VanceInfo
• Listed on the New York Stock Exchange (VIT)
• Opened Seattle, New York office in the USA
• Opened Nanjing, Hangzhou office in China
• Built China Development Center for EMC
• "2007 Global Outsourcing 100" by IAOP
• 2007 Deloitte China TMT FAST 50

2006

• Closed Series B venture capital funding by Kui Zhou/Doug Leone, Sequoia Capital
• Built China Development Centers for Reynolds & Reynolds
• Opened Xi'an office
• Acquired China-based Prosoft Technology
• "Global Service 100" by Neo IT
• "TOP 10 Software Outsourcing Providers of China" by IDC
• Red Herring "Asia 100"
• Computer Partner World "Top Solutions Vendor 100"
• TOP2 of China Venture 50 by Zero2 IPO
• 2006 Deloitte China TMT FAST 50

2005

• Celebrated our 10-year anniversary at our new global headquarters office building in Zhongguancun Software Park
• Secured Series A venture capital funding by Rob Theis, Doll Capital Management (DCM) and Hao Chen, Legend Capital
• Built the TIBCO China Development Center
• Selected as a Microsoft Preferred Vendor and built its China Offshore Development Centers in Shanghai and Beijing
• Acquired SureKAM and the US-based Siebel consultancy Envisys
• "Risk Management Award" at the Gartner China Outsourcing Summit
• Granted "Outstanding Software Outsourcing Service Award" by CSIO

2004

• Signed contract with Unicom-BREW
• Certified as "Core Technical Service Supplier" by IBM
• Opened Dalian office
• Ranked as one of the top-10 offshore software development providers in China by IDC
• Selected as a top software outsourcing vendor in China for the "Software Export to US/European Market Initiative" by China Ministry of Science and Technology
• Built the PeopleSoft China Development Center

1995

• Founded
• Started long-term relationship with IBM

See also

• Software industry in China
• China Software Industry Association

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Notes

1. Mao, Joan "China-Based Offshore Software Development 2010–2014 Forecast and Analysis", IDC, May 2011.

• Articles with specifically marked weasel-worded phrases from May 2009
• Companies based in Beijing
• Information technology companies
• Companies established in 1995
• Outsourcing companies
• Chinese company stubs
• Technological company stubs