Cellular News  Jun 21  Comment 
PARIS andTeamViewer, a leading global software provider for digital networking and collaboration, today announced it has been working with the French National Space Agency, Centre National D'études Spatiales (CNES) on...
Benzinga  Jun 14  Comment 
Mouse sperm that works even after it’s been freeze-dried in space. Two-headed worms that grow back two heads after they’ve been beheaded. Crumbless bread as an interstellar edible. Fish subjected to water weightlessness just because. The...
Financial Times  Jun 12  Comment 
ISS and Glass Lewis support co-founder in battle over control of gold miner
Channel News Asia  Jun 12  Comment 
Influential proxy firm ISS on Monday urged shareholders of generic drugmaker Mylan NV to vote against most of the company's nominees to its board of directors, ahead of a shareholder meeting later this month.
Clusterstock  Jun 9  Comment 
The letters started flying at the beginning of this week. Mylan, the maker of EpiPen, asked to see a report written by Institutional Shareholder Services (ISS), a company that provides advice to shareholders ahead of company votes and...
FiercePharma  Jun 8  Comment 
Influential proxy advisory firm Institutional Shareholder Services (ISS) is gearing up to advise Mylan shareholders how they should vote in its upcoming board election—namely the reelection of controversial Chairman Robert Coury and other...
Reuters  Jun 7  Comment 
Mylan NV defended Chairman Robert Coury's role to ISS this week as the influential proxy firm prepares to advise shareholders on how they should vote on the re-election of Coury and other directors, according to a letter the drugmaker released on...
TechCrunch  Jun 5  Comment 
 SpaceX’s Dragon capsule, which it launched on Saturday, June 3, has made its rendezvous with the International Space Station, as planned. The capsule, SpaceX’s first used cargo spacecraft reflown for an active mission, has around 6,000 lbs...
Financial Times  Jun 4  Comment 
ISS, Glass Lewis and Pirc criticise group over executive pay and spending on lobbying
TechCrunch  Jun 3  Comment 
 SpaceX’s CRS-11 launch on Saturday was a success, bringing a Dragon spacecraft loaded down with nearly 6,000 lbs of supplies and research equipment on board to orbit. The twist was that SpaceX already sent this Dragon capsule up to resupply...


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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