Wall Street Journal  Oct 1  Comment 
Allergan Inc. should put any acquisition it might strike in the coming weeks to a shareholder vote, proxy advisory firm Institutional Shareholder Services said in a report critical of the company's handling of a hostile bid.
newratings.com  Sep 30  Comment 
WASHINGTON (dpa-AFX) - Starboard Value LP, one of the largest shareholders of Darden Restaurants Inc (DRI), said Tuesday it was gratified by the support from proxy voting advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis &...
newratings.com  Sep 26  Comment 
WASHINGTON (dpa-AFX) - Starboard Value LP, one of the largest shareholders of Darden Restaurants Inc. (DRI), with beneficial ownership of about 8.8% of the outstanding common stock of the Company, announced that Institutional Shareholder Services...
StreetInsider.com  Sep 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Darden+Restaurants+%28DRI%29+Comments+on+ISS+Statement%3B+Says+Shareholders+Should+be+%27Alarmed%27/9863031.html for the full story.
Benzinga  Sep 26  Comment 
Darden Restaurants, Inc. (NYSE: DRI) today issued the following statement regarding a September 25, 2014 report by Institutional Shareholder Services ("ISS").  The report relates to the election of directors to Darden's Board of Directors at...
Reuters  Sep 26  Comment 
Advisory firms Glass, Lewis & Co and Institutional Shareholder Services (ISS) each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12-director slate,...
Reuters  Sep 25  Comment 
Advisory firms Glass, Lewis & Co and Institutional Shareholder Services (ISS) each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12-director...
newratings.com  Sep 16  Comment 
CHICAGO (dpa-AFX) - NASA said Tuesday that it has selected Boeing Co. (BA) and billionaire Elon Musk's Space Exploration Technologies Corp., or Space X, to transport U.S. astronauts to and from the International Space Station from U.S. soil...
DailyFinance  Sep 11  Comment 
Quartet Merger Corp. ("Quartet") (NASDAQ:QTET, QTETU) announced today that Institutional Shareholder Services ("ISS"), an independent proxy voting and corporate governance advisory firm, recommends that Quartet's shareholders...
The Hindu Business Line  Sep 9  Comment 
In a move to monitor our planet better, NASA is adding a number of Earth-observing instruments to the International Space Station (ISS) that will increase the leverage of the orbital laboratory’s...


iSoftStone Holdings (NYSE:ISS) is a Chinese-based IT service provider with clients in China as well as globally. iSoftStone focuses on four main industries: technology, communications, financial services, and energy. The company has grown from 6 sales and delivery centers in 2007 to 19 centers, 12 in China, as of December 2010. These centers act to sell as well as provide support to clients on their IT needs. The company's clients include 71 Fortune 500 companies, 23 of which are located in China and 48 throughout the rest of the world.[1]

iSoftStone expects that the continued rise in IT outsouring will continue to drive demand. IT services have increasingly been outsourced by large businesses. This process allows the businesses to focus on their competitive advantage, while still giving them access to low cost IT support on a large scale. As a result, the demand for IT services in China is expected to rise by a compounded annual growth rate of 14.1% according to the IDC. Furthermore, the demand for Chinese software development is expected to grow by a CAGR of 22.4%.[2]

The company's initial public offering of stock on the NYSE occurred on December 13, 2010. The company offered 10.8 shares each for $13. This was at the high end of the revised range of $11-$13. The offering raised $141M. The lead underwriters of the deal were UBS AG (UBS), J P Morgan Chase (JPM), and Morgan Stanley (MS).[3]

iSoftStone announced a net revenue for 2009 of $134M. This corresponds to an increase of 63% over the 2008 figure of $82M. This rise in Net Revenue helped to pull the company to a net income of $9M in 2009. iSoftStone had reported a net loss of -$3K in 2008. The company also reported a net revenue figure of $135M for the first 9 months of 2010. This already exceeds its total figure for all of of 2009.[4]


  1. ISS F-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 1
  2. ISS F-1/A 2010 PROSPECTUS SUMMARY "Industry Background" pg 3
  3. Renaissance Capital iSoftStone Holdings prices IPO at $13, high end of the range 13 Dec 2010
  4. ISS F-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial Data" pg 11
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