BEIJING, Sept. 23 /PRNewswire-Asia/ -- VanceInfo Technologies Inc.
(NYSE: VIT) ("VanceInfo") (the "Company"), an IT service provider and one of
the leading offshore software development companies in China, today announced
the official launch of an offshore development center ("ODC") in Shenzhen,
China with Expedia, Inc. ("Expedia(R)"), the world's leading online travel
company. The opening ceremony will be attended by Chris Chen, Chairman and
Chief Executive Officer of VanceInfo and Pierre Samec, Chief Technology
Officer and Global Executive Vice President of Expedia(R).
After the successful completion of a four-month preparatory and
transitional period, VanceInfo established the ODC in accordance with the
multi-year contract with Expedia signed in May 2009. The two companies have
worked together to build a global delivery team in the ODC that provides
design, development, testing, production, and maintenance of online travel
services platforms, enabling Expedia to enhance the core platforms and
services while improving time-to-market and increasing competitive agility.
"We are pleased to be selected by Expedia following a stringent vendor
selection process that involved many outsourcing players in China," said Chris
Chen, the VanceInfo CEO. "Our collaboration with Expedia has reached a new
milestone with the seamless and successful completion of multiple project
transitions while launching the new ODC. Leveraging China's unique talent
advantages, we are committed to delivering first-class IT services with
flexible delivery models to support Expedia's global expansion."
VanceInfo has built and currently operates ODCs for multinational
corporations in technology, telecom, financial services and manufacturing
industries. This new Shenzhen-based ODC marks a breakthrough for VanceInfo in
the travel and transportation industry and is anticipated to further enhance
the Company's overall global delivery capabilities to service major
outsourcing initiatives of multinational clients.
About VanceInfo
VanceInfo Technologies Inc. is an IT service provider and one of the
leading offshore software development companies in China. VanceInfo was the
first China software development outsourcer listed on the New York Stock
Exchange.
The Company ranked number one among Chinese offshore software development
service providers for the North American and European markets as measured by
2008 revenues, according to International Data Corporation.
VanceInfo's comprehensive range of IT services includes research &
development services, enterprise consulting & solutions, application
development & maintenance, quality assurance & testing, and globalization &
localization. VanceInfo provides these services primarily to corporations
headquartered in the United States, Europe, Japan, and China, targeting
high-growth industries such as technology, telecommunications, financial
services, manufacturing, retail, and distribution.
Safe Harbor
This news release includes statements that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as will, should, expects, anticipates,
future, intends, plans, believes, estimates, and similar statements. Among
other things, the management's quotations contain forward-looking statements.
Such statements are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Potential risks and
uncertainties include, but are not limited to, the company's dependence on a
limited number of clients for a significant portion of its revenues, the
economic slowdown in its principal geographic markets, the quality and
portfolio of its services lines and industry expertise, and the availability
of a large talent pool in China and supply of qualified professionals, as well
as the PRC government's investment in infrastructure construction and adoption
of various incentives in the IT service industry. Further information
regarding these and other risks is included in VanceInfo's filings with the
U.S. Securities and Exchange Commission. All information provided in this news
release and in the attachments is as of September 23, 2009, and VanceInfo does
not undertake any obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except as required
under applicable law.
Expedia(R) is a registered trademark of Expedia, Inc. in the U.S. and/or
other countries.
SOURCE VanceInfo Technologies Inc.