BEIJING, Nov. 3 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. (NYSE: VIT) ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, today announced the opening of a Service Oriented Architecture ("SOA") Solution Lab in Beijing focused on the development and demonstration of VanceInfo-designed SOA industry solutions.
SOA is a revolutionary design framework to re-architect discrete functions into standard business process modules for enterprises to realize rapid, low-cost information systems with improved quality. Due to its flexible and business-oriented concepts, SOA has seen rapid acceptance across vertical industries, organizations, and geographies including the China market. According to Gartner Inc., SOA will be used in more than 80 percent of new mission-critical operational applications and business processes by 2010.
VanceInfo established the SOA Solution Lab with the goal of developing SOA industry solutions for clients based on the IBM SOA technology and platforms. Built upon rich industry knowledge in technology, telecommunications, financial services, manufacturing, retail and distribution, the solutions will be designed to help businesses improve the return on investment (ROI) of IT infrastructure and to respond more quickly and cost-effectively to changing market conditions.
David Chen, President of VanceInfo, and Matt Wang, Vice President of IBM China and President of IBM China Development Lab (CDL), attended the opening ceremony. "This collaboration with IBM SOA is a new milestone for VanceInfo, and has expanded and deepened our long-term strategic partnership with IBM. The newly opened lab will enhance our technical capabilities and help us further expand our potential in IT services." David Chen added, "With more than 7000 clients IBM is a pioneer and a dominant player in the SOA field. IBM pays great attention to alliances and helps its business partners penetrate into vertical markets, and we are pleased to join IBM in these efforts."
"VanceInfo is a valuable partner," stated Dr. Matt Wang, "IBM will provide strong support to VanceInfo SOA Solution Lab in terms of software, training and solution certifications. I believe this cooperation will enhance our solution family, and help VanceInfo further develop its solution capabilities to meet demands from various industries, which will result in a win-win for both our companies and our customers."
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.
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 November 3, 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.
