iSoftStone Appoints Seth Pinegar as Head of Corporate Development

Pinegar to Lead Company’s Strategic Business Development Activities, Mergers & Acquisitions and Corporate Finance Strategy

BEIJING, Sept. 16 /Xinhua-PRNewswire/ -- Today iSoftStone Information Service Corporation (iSoftStone), a global provider of business consulting, IT outsourcing, and business process outsourcing services, announced that it has appointed Seth Pinegar as Head of Corporate Development. Pinegar joined iSoftStone in July 2008, and is responsible for leading the Company’s strategic business development, corporate communications, mergers & acquisitions and corporate finance.

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Pinegar comes to iSoftStone with over nine years’ experience as an investment banker. He has worked extensively with technology companies in all stages of development, both privately-held and publicly-traded, and across numerous technology industry segments. He has spent a majority of the past four years working with companies in the global technology outsourcing sector, and has previously lived in both Greater China and Japan.

"As iSoftStone continues to focus on its strategy for global expansion, Seth’s experience and leadership will be paramount in helping us achieve our goals," said TW Liu, Chairman and CEO of iSoftStone. "We believe his business development experience, global outsourcing sector knowledge and expertise in corporate finance and mergers & acquisitions make him a great compliment to our already seasoned leadership team.”

"Over the past three to four years, we have seen China emerge as a leading offshore outsourcing destination for many leading multi-national corporations,” said Seth Pinegar, Head of Corporate Development, iSoftStone. Together with China’s domestic outsourcing market in an infancy stage, there is great potential for elevating a platform outsourcing company such as iSoftStone toward global scale. What’s more, since iSoftStone is recognized by many as one of China’s leading independent outsourcing companies, it’s clear the company is well-positioned to continue expanding on a global scale for the benefit of our clients and shareholders.”

Prior to joining iSoftStone, Pinegar was with UBS Investment Bank, based in New York and Tokyo, where he led the firm’s technology outsourcing sector practice in China, Mexico and Brazil. He also worked on transactions involving well-known India-based outsourcing companies. Pinegar was also with JPMorgan’s technology investment banking group, based initially in San Francisco and later in Hong Kong. His extensive transaction experience includes debt and equity capital raisings (both public and private), mergers & acquisitions, recapitalizations and corporate finance advisory.

Seth received a BA from the University of Washington in Seattle, USA, and has studied Mandarin Chinese at Beijing Language & Culture University.

About iSoftStone

Founded in 2001, iSoftStone is a global provider of business consulting, IT outsourcing, and business process outsourcing services to clients in the United States, Europe, Japan, Korea, and China. Based in Beijing with offices in key client geographies, iSoftStone provides a comprehensive end-to-end service offering including on-shore client-facing business consulting, and off-shore delivery of IT outsourcing and software product engineering services. iSoftStone is certified CMMI Level 5, ISO9001 and ISO27001, and focuses on key client industries including financial services, telecommunications, high technology, media, energy & utilities, and transportation & logistics. For more information, please visit .

Source: iSoftStone Information Service Corporation