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Rob Theis

VIT AT A GLANCE

P/E ► 41.9   EV/EBITDA ► 35.7   ROA ► 11.4%   ROE ► 13.4%   Debt to Equity ► 0.182   Current Ratio ► 5.51   Interest Coverage Ratio ► 253

 

 

 

 

VanceInfo Technologies (NYSE: VIT) (originally known as WorkSoft) is an IT service provider and software development company in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange. It ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation (IDC).^{[citation needed]}

According to the company, its clients include Microsoft, IBM, TIBCO, HP, EMC, NEC, Mitsubishi, Huawei, Lenovo, ABB, 3M and other Fortune 500 companies.

The company is headquartered in Beijing, but has built offices and branches in Shanghai, Nanjing, Shenzhen, Dalian, Hangzhou, Guangzhou, Tianjin, Wuhan, Chengdu, Xi'an, Hong Kong, Tokyo, Malaysia, San Diego, Seattle, San Francisco, New York and London.

Awards and recognition

• Ranked NO.1 among Chinese offshore software development vendors for North American and European markets by 2007 revenues according to IDC
• 2009, 2007 "Global Outsourcing 100" Award selected by IAOP
• 2009, 2008 "Global Services 100" by NeoIT
• Selected as "Deloitte China TMT Fast 50" in 2006, 2007, 2008
• 2007 winner of the "Red Herring 100 Global" Award selected by Red Herring magazine as one of the most promising technology firms in the world
• Second place in "China's Most Promising Ventures" in 2006, a ranking of the top 50 high-growth companies in China by venture - capitalists organized by Zero2IPO Group

WorkSoft founders prior to changing their name to VanceInfo‎

Company History

2008

• Opened Chengdu office

• "Global Service 100" by Neo IT

• "No.1 among Chinese offshore software development vendors for North American and European markets" by IDC

• Signed contract with a Leading Handset Manufacturer

• Announced Joint Venture to provide IT outsourcing services to Financial industry

2007

• Changed name from Worksoft to VanceInfo

• Listed on the New York Stock Exchange (VIT)

• Opened Seattle, New York office in the USA

• Opened Nanjing, Hangzhou office in China

• Built China Development Center for EMC

• "2007 Global Outsourcing 100" by IAOP

• 2007 Deloitte China TMT FAST 50

2006

• Closed Series B venture capital funding by Kui Zhou/Doug Leone, Sequoia Capital

• Built China Development Centers for Reynolds & Reynolds

• Opened Xi'an office

• Acquired China-based Prosoft Technology

• "Global Service 100" by Neo IT

• "TOP 10 Software Outsourcing Providers of China" by IDC

• Red Herring "Asia 100"

• Computer Partner World "Top Solutions Vendor 100"

• TOP2 of China Venture 50 by Zero2 IPO

• 2006 Deloitte China TMT FAST 50

2005

• Celebrated our 10-year anniversary at our new global headquarters office building in Zhongguancun Software Park

• Secured Series A venture capital funding by Rob Theis, Doll Capital Management (DCM) and Hao Chen, Legend Capital

• Built the TIBCO China Development Center

• Selected as a Microsoft Preferred Vendor and built its China Offshore Development Centers in Shanghai and Beijing

• Acquired SureKAM and the US-based Siebel consultancy Envisys

• "Risk Management Award" at the Gartner China Outsourcing Summit

• Granted "Outstanding Software Outsourcing Service Award" by CSIO

2004

• Signed contract with Unicom-BREW

• Certified as "Core Technical Service Supplier" by IBM

• Opened Dalian office

• Ranked as one of the top-10 offshore software development providers in China by IDC

• Selected as a top software outsourcing vendor in China for the "Software Export to US/European Market Initiative" by China Ministry of Science and Technology

• Built the PeopleSoft China Development Center

2003

• Certified as a strategic vendor for HP

• Started vertical initiatives for Telecommunication and Financial Services

• Built global testing center in Shanghai for a leading global bank

• Started to perform IT services to premier Japanese clients, including Sony

2002

• Became the first ISO9001 certified company in the China IT outsourcing industry

• Opened offices in Wuhan and Shenzhen in China

• Started operations in Japan

• Established offshore testing lab for Microsoft

2001

• Selected as the first and exclusive technical supplier for PeopleSoft in China

1999

• Started operations in the USA

• Opened Shanghai office

1998

• Signed contracts with HP, Oracle and SGI

1997

• Started long-term relationship with Microsoft

1995

• Founded

• Started long-term relationship with IBM