Investment by iSoftStone further strengthens the company
BEIJING, Nov. 28, 2011 /PRNewswire-Asia/ -- BT, one of the world's leading providers of communications solutions and services, today welcomed iSoftStone (NYSE: ISS), a leading China-based IT services provider, as a shareholder in MDCL-Frontline, BT's main delivery arm for the provision of IT infrastructure services to its multinational customers in China. BT is the largest shareholder of MDCL-Frontline with a 47.5% holding, which remains unchanged.
Commenting on the strategic investment, TW Liu, Chairman & CEO of iSoftStone said, "We are very pleased about the investment in MDCL-Frontline. I'm sure iSoftStone's additional service capabilities will further strengthen MDCL-Frontline's position as a leading end-to-end IT services provider to its Chinese clients and global clients in China."
With 150 engineers located in 21 cities in China, MDCL-Frontline has established itself as a premier IT services provider that specializes in IT system integration and infrastructure development, encompassing networking, servers, data storage and data centres. Its clients include large enterprises in China's telecom, banking, and energy sectors.
MDCL-Frontline has become the preferred service provider for BT in China. With this investment, iSoftStone and MDCL-Frontline hope to leverage each other's strengths and collaborate on strategic initiatives like smart city, healthcare, Internet of Things, and Cloud Computing.
Kevin Taylor, President of BT Asia Pacific, said, "MDCL-Frontline's outstanding skills in IT infrastructure and system integration as well as its local engineering force give BT a truly differentiated service delivery capability in the China market. iSoftStone's involvement will further accelerate MDCL-Frontline's growth through iSoftStone's rich professional service capabilities across many industry sectors. This will enhance BT's position as a strong leader, offering value-added IT service to our MNC customers expanding their footprints in China."
MDCL-Frontline's achievements have been acknowledged through numerous industry certifications including IBM Solution Provider Partner and Oracle OPN. It holds the prestigious Class A System Integration Enterprise License issued by the Chinese government.
About BT
BT is one of the world's leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2011, BT Group's revenue was GBP20,076m with profit before taxation of GBP1,717m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.btplc.com
About iSoftStone
iSoftStone (NYSE:ISS) 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
