Reuters  Apr 21  Comment 
U.S. shareholder adviser ISS has recommended Holcim investors back the Swiss cement maker's proposed merger with France's Lafarge ahead of next month's shareholder vote on the...
Forbes  Apr 17  Comment 
SpaceX successfully launched experiments and cargo to the space station, but its reusable rocket failed to land.
Reuters  Apr 16  Comment 
Shareholder advisory group Institutional Shareholder Services Inc (ISS) has weighed in to the debate about governance at Alliance Trust by backing a board overhaul plan...
TechCrunch  Apr 14  Comment 
 Phantom Cyber, a cybersecurity startup with an ambitious idea, announced a $2.7M seed round with backing from some of the biggest names in computer security. Investors include  John W. Thompson, former CEO of Symantec, Thomas E. Noonan, former...
Reuters  Apr 13  Comment 
Influential proxy adviser Institutional Shareholder Services (ISS) has called for major changes to Singapore-listed Noble Group's audit committee, weeks after the commodity trader denied claims of improper accounting made by Iceberg Research.
The Straits Times  Apr 13  Comment 
Wall Street Journal  Apr 7  Comment 
Proxy-advisory firm ISS says Wynn Resorts shareholders should protest what it says are governance issues by withholding support for board nominees.
Wall Street Journal  Apr 6  Comment 
A leading proxy-advisory firm recommended that Wynn Resorts shareholders withhold support for the company’s director nominees as well as dissident nominee Elaine Wynn.
Reuters  Apr 2  Comment 
Shareholders in media group Vivendi should reject resolutions from U.S. hedge fund PSAM calling for more money to be returned to investors, investment advisory group ISS...
Forbes  Mar 27  Comment 
How is the interior cleanliness maintained aboard the International Space Station? This question was originally answered on Quora by Former Astronaut Clayton C. Anderson.
Clusterstock  Mar 20  Comment 
ISS is a Danish company based in Copenhagen which specialises in logistics services, such as cleaning, catering, and building management. With 518,000 employees, ISS is the fourth-largest employer in the world, and looks after landmarks like...


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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