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| Company type | Public (NYSE: VIT) |
|---|---|
| Founded | 1995 |
| Headquarters | Beijing, P.R.China |
| Key people | Chris Chen (CEO and founder) |
| Website | www.vanceinfo.com |
VanceInfo (NYSE: VIT) is an IT outsourcing company in Beijing, China, and ranks first among Chinese offshore software development service providers for the North American and European markets as measured by 2010 revenues. The service areas of the company are in tech, telecom, finance, travel, manufacturing, retail and logistics.
Offices
Headquartered in Beijing, VanceInfo has additional offices 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.
History
The company was founded in 1995 as Worksoft and started its long-term relationship with IBM. The company added an office in Dalian in 2004, and in that same year signed a contract with Unicom-BREW and built the PeopleSoft China Development Center. In the next year important achievements included the building of the TIBCO China Development Center and selection as a as a Microsoft Preferred Vendor and built its China Offshore Development Centers in Shanghai and Beijing. In that year, the company expanded by acquiring SureKAM and the US-based Siebel consultancy Envisys, and secured financing from funding by Hao Chen, Legend Capital and Rob Theis, Doll Capital Management (DCM).
2010
- Built Offshore Development Center (ODC) for Cathay Pacific Airways
- Opened Melbourne office in Australia
- Built Offshore Development Center (ODC) for Hainan Airlines Group
2009
- Built Offshore Development Center (ODC) for Expedia
- Opened London office in UK
- Built Outsourced Development Center for China Merchants Bank
2008
- Opened Chengdu office
- 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
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
See also
Notes
- Mao, Joan "China-Based Offshore Software Development 2010–2014 Forecast and Analysis", IDC, May 2011.