QUOTE AND NEWS
PR Newswire  Apr 16  Comment 
BEIJING, April 16, 2012 /PRNewswire-Asia/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company") (NYSE: VIT), an IT service provider and one of the leading offshore software development companies in China, today announced that it will release
Benzinga  Feb 29  Comment 
According to a research report published today, CICC has downgraded VanceInfo Technology's (NYSE: VIT) shares from Buy to Hold. In the report, CICC commented, “The company needs to continue investing in financial services so that that area...
Benzinga  Feb 28  Comment 
Oppenheimer maintained its VanceInfo Technologies (NYSE: VIT) Outperform rating and $15 price target in a research report published today. (c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or...
Benzinga  Jan 17  Comment 
Shares of VanceInfo Technologies (NYSE: VIT) are lower on the session by 2.41%, currently trading at $13.36. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options...
StreetInsider.com  Nov 28  Comment 
OXiGENE, Inc. (Nasdaq: OXGN) 24.7% HIGHER; has signed a purchase agreement for the sale, from time to time, of up to $20 million of its common stock with Lincoln Park Capital Fund, LLC (LPC), a Chicago-based institutional investor. The proceeds...
Forbes  Oct 26  Comment 
Two tech guys named Chen are trying to answer the question: Can China do IT outsourcing like India?
StreetInsider.com  Sep 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/VanceInfo+%28VIT%29+Shares+Plunge+as+SEC+Files+Subpoena+Against+Auditor+Deloitte+Related+to+Longtop%3B+ISS%2C+ASIA+Also+React/6772579.html for the full story.
market folly  Aug 24  Comment 
Stephen Mandel's hedge fund firm Lone Pine Capital has been busy buying lately. In an amended 13G just now filed with the SEC, Lone PIne has disclosed a whopping 17.6% ownership stake in VanceInfo Technologies (VIT) with 7,862,536 shares. Per...
StreetInsider.com  Aug 16  Comment 
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today. 52-Week High: Pharmaceutical Product Development Inc. (Nasdaq: PPDI) high of $33.07. Reports have PPD in takeover talks with...
StreetInsider.com  Aug 16  Comment 
Valuevision Media, Inc. (Nasdaq: VVTV) 28.5% LOWER; reported Q2 loss of ($0.09), 3 cents worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $132.14 million versus the consensus estimate of $143.39 million. Internet...




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VanceInfo Technologies (NYSE: VIT) 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 2010 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 2010 revenues according to IDC
  • 2011 "Global Outsourcing 100" Award selected by IAOP
  • 2011 "Global Services 100" by NeoAdvisory
  • Selected as "Deloitte China TMT Fast 50" in 2006, 2007, 2008, 2009
  • 2007 winner of the "Red Herring 100 Global" Award 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. Front row: David Chen, Chris Chen, Rob Theis
WorkSoft founders prior to changing their name to VanceInfo‎. Front row: David Chen, Chris Chen, Rob Theis

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
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