VanceInfo Opens China Development Center Dedicated to 3M China
VanceInfo Technologies Inc. (NYSE: VIT - News), an IT service provider and one of
the leading offshore software development companies in China, today announced the
opening of a China Development Center (CDC) in Shanghai specifically designed for
3M China. In the newly established CDC, VanceInfo's application development and
IT services team will provide 3M China with IT services and consulting support for
the group's needs including eBusiness application development, data warehousing
/ business intelligence, and enterprise solutions.
China's booming economy has encouraged the rapid expansion of many multinational
corporations in the region. As a result, the demand for IT services has been increasing
and has created new and promising growth opportunities for Chinese IT outsourcing
service providers such as VanceInfo, one of the leading players in the IT services
market in China.
VanceInfo designed the CDC specifically for 3M China with the goal of enabling the
group's IT department to support the rapid growth 3M is experiencing in China and
the region. The CDC partnership demonstrates the significant inroads VanceInfo has
made in providing IT consulting and services for the manufacturing industry in China.
VanceInfo has built and currently operates CDCs for many multinational corporations
in industries as varied as technology, telecom and manufacturing. This unique combination
of CDC experience, technical expertise, and domain knowledge, has made VanceInfo
an ideal partner for 3M in China.
Established in 1984, 3M China became the first foreign invested company in China
outside of the Shenzhen Special Economic Zone. Today eBusiness solutions has become
an integral part of 3M China's internal and external business processes like product
development, marketing, supply chain management, customer service, and human resource
management. VanceInfo's professional support is enabling 3M China to optimize operation
processes and offer better service to its customers across diversified industries
and market segments.
"VanceInfo is an excellent partner, and we are quite impressed by the outstanding
quality of their work," said Eric I. Sposeep, Head of IT Department of 3M China.
"The new CDC VanceInfo has designed to serve 3M China will considerably boost the
efficiency, performance, and flexibility of our IT services as we support 3M's aggressive
growth in China." Mr. Chris Chen, Chief Executive Officer of VanceInfo added, "Our
collaboration with 3M China is a new milestone for VanceInfo's IT outsourcing services
for manufacturers. Our success with 3M China will enhance our technical capabilities
for manufacturing clients and help us expand our footprint in the sector in the
future. We are committed to providing first- class professional service to meet
3M China's needs and to support its continuous growth in China as well as in the
world."
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 2007 revenues,
according to International Data Corporation, or IDC, a leading independent market
research firm.
VanceInfo's comprehensive range of IT services includes research & development services,
enterprise 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 press 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. 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 overall economic growth 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,
including its registration statement on Form F-1. All information provided in this
press release and in the attachments is as of March 18, 2008, 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.
Media & PR Contact:
Vivian Jiao
Tel: +86 10 82825266 ext. 8579
E-mail: jiao_yang@vanceinfo.com
Tel: +86 10 82825266 ext. 8579
E-mail: jiao_yang@vanceinfo.com




