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VanceInfo Technologies Named to the Global Services 100 List

2008-02-04 20:17 516


BEIJING, Feb. 4 /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 that it has been named to the Global Services 100 list by Global Services and neoIT.

The Global Services 100, now in its fourth year, is a tool for buyers of business and technology services. Professionals from Global Services magazine and neoIT, a consulting firm that specializes in services globalization, selected the winners from hundreds of IT and BPO service providers from 17 countries, with delivery centers across 31 countries. A weighted scoring scheme, designed by a panel from Global Services and neoIT, was used to rate responses from the service providers regarding four broad groups of questions: size, customers, skills and others. The list represents companies that they believe have the maturity and capability to lead the next wave of services globalization.

Chris Shuning Chen, Chairman and Chief Executive Officer of VanceInfo, commented, “We are pleased to be recognized in the Global Services 100, following our tremendous expansion in the past several years. Our strong service capabilities and highly skilled team have helped to strengthen client relationships and to fuel our rapid growth. Our recent IPO on the New York Stock Exchange further enhanced our brand awareness. We believe these qualities helped our recognition in the Global Services 100. We look forward to sustained strong growth, driven by high demand from continued expansion of our multinational clients into the Chinese market and from our enhanced capabilities to better serve clients around the world.”

About VanceInfo:

VanceInfo is an IT service provider and one of the leading offshore software development companies in China. VanceInfo ranked among the top three Chinese offshore software development service providers for the North American and European markets as measured by 2006 revenues, according to International Data Corporation. VanceInfo’s comprehensive range of IT services includes research and development services, enterprise solutions, application development and maintenance, quality assurance and testing, as well as globalization and 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 Statement:

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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, our dependence on a limited number of clients, our concentration in a limited number of industries, intense competition from other IT outsourcing companies and our ability to manage our growth. 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. 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.

For further information, please contact:

Melissa Ning

VanceInfo Technologies Inc.

Tel: +86-10-8282-5330

Email: ir@vanceinfo.com

Tip Fleming

Christensen

Tel: +852-9212-0684

Email: tfleming@ChristensenIR.com

Christopher Gustafson

Christensen

Tel: +1-602-980-0048

Email: cgus@ChristensenIR.com

Source: VanceInfo Technologies Inc.
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