BEIJING, April 6, 2012 /PRNewswire-Asia/ -- iSoftStone Holdings Limited ("iSoftStone" or the "Company," NYSE: ISS), a leading China-based IT services provider, teamed with IBM, Jilin University, and Datang Mobile, has recently signed a contract with the Liaoyuan government to establish the IBM Northeastern Cloud Computing Center of Excellence (CCoE) in the city of Liaoyuan in China's Jilin province.
The CCoE will provide smart city and cross-industry cloud computing services to clients in the Jilin province and in Northeast China and Inner Mongolia. iSoftStone will participate in building the smart city cloud computing platform and the Liaoyuan enterprise cloud center. iSoftStone will also be responsible for running the CCoE's operations in the future.
This is the third project that iSoftStone and IBM jointly have established, with the first two being in the city of Wuxi, East China and in the city of Foshan, South China. iSoftStone expects that the initiatives will expedite its development and expansion in smart city and cloud computing areas.
Mr. T.W. Liu, iSoftStone's Chairman and CEO, said, "iSoftStone welcomes the opportunity to work with IBM and local governments to establish Cloud Computing Centers of Excellence across China. Our continuous investments in cloud computing and smart city technologies are helping to extend our market competitiveness and technology leadership that enables our clients to unleash the true economic and social power of cloud computing and smart city technologies."
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. We may not meet our financial outlook for the first quarter and year 2012,continue to realize operational and delivery efficiencies and continued strong client demand or achieve a diversified revenue base, effectively capitalize on our growth opportunities and strategies, enter targeted markets, or otherwise grow our business in the manner planned, successfully complete planned acquisitions or strategic investments or recognize the anticipated benefits of our acquisitions and strategic investments, on a timely basis or at all. Our customers may vary their purchasing patterns in response to the economic environment in Greater China and globally. In addition, other risks and uncertainties that could cause our actual results to differ from what we currently anticipate include: 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 6 of our 2010 Annual Report on Form 20-F that we filed with the U.S. Securities and Exchange Commission on May 31, 2011, 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, except as required by law. Such information speaks only as of the date of this release.
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 information, please visit: www.isoftstone.com.
Media Contact
Ms. Sophie Yang
Tel: +86 10 5874 9292
Email: jhyang@isoftstone.com
