BEIJING and NEW YORK, August 4, 2011 /PRNewswire-Asia/ -- iSoftStone Holdings Limited ("iSoftStone" or the "Company") (NYSE: ISS), a leading China-based IT services provider, today announced that it has completed the acquisition of Adventier Consulting Group, Inc., a U.S.-based ERP consulting services company that provides enterprise resource planning ("ERP") consulting services and solutions to many Fortune 500 companies. With the addition of Adventier, iSoftStone is expected to enhance further its end-to-end service offerings, including ERP consulting and delivery capabilities, to both its global and Chinese clients.
Mr. T.W. Liu, iSoftStone's Chairman & Chief Executive Officer, said, "We are very pleased to welcome Adventier to our company. By leveraging Adventier's leadership team and expertise, iSoftStone is expected to quickly expand our ERP consulting and delivery capabilities in both China, the U.S., and in global markets. We look forward to working closely with our new colleagues from Adventier to jointly deliver increasing value to our clients."
Mr. Eric Kang, Adventier's Founder and Chief Executive Officer, said, "We are excited to be part of iSoftStone. Adventier is looking forward to enhancing our service and solution capabilities and further solidifying iSoftStone's leading position in greater China and the global market."
iSoftStone safe harbor statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Risks and uncertainties that could cause our actual results to differ from what we currently anticipate include: our ability to integrate and benefit from acquisitions; our ability to effectively manage our rapid growth; intense competition from China-based and international IT services companies; our ability to attract and retain sufficiently trained professionals to support our operations; and our ability to anticipate and develop new services and enhance existing services to keep pace with rapid changes in technology and in our selected industries. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see "Risk Factors" that begins on page 15 of Form 424(b) that we filed with the U.S. Securities and Exchange Commission on December 14, 2010, which can be found on our website at www.isoftstone.com and at www.sec.gov. All projections in this release are based on limited information currently available to us, which is subject to change. Although these projections and the factors influencing them will likely change, we undertake no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, after the date of this news release, except as required by law. Such information speaks only as of the date of this release.
Founded in May 2008 by Eric Kang, Adventier is a U.S.-based provider of ERP consulting services and solutions to mid-sized to large enterprises, including many Fortune 500 companies. Adventier has major clients in the consumer goods, high-tech, manufacture, and pharmaceutical industry verticals. For more information, please visit: www.adventier.com
iSoftStone is a leading China-based IT services provider serving both greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions including consulting & solutions, IT services, and business process outsourcing services. The company focuses on industry verticals that include technology, communications, banking, financial services, insurance, energy, transportation, and public sectors. For more, please visit: www.isoftstone.com