http://www.aitsoftware.com.cn vanceinfo website http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20120120 By Professor Ilan Oshri,Friday, 20 January 2012As I write this column, I am making my way back from Shanghai to Europe. My mind is occupied with thoughts about my visit to VanceInfo, a Chinese outsourcing vendor which is considered to be the Chinese Infosys. I visited two of their sites in China – one in Shanghai, which specializes in providing IT services, and another one in WuXi, which focuses on various BPO services. While at their Shanghai facility, I am impressed with the high standards and their client list, many Fortune 500 firms with operations in China. But then I think to myself, “Impressive, yes – but I have seen this before, in India, Brazil and Eastern Europe”. I keep asking my hosts questions about employee motivation, their skills-base and well-being, only to discover that even these attributes have somehow standardized across the industry, regardless of the physical location of the vendor. My hosts suggest that we wrap up the visi... Fri, 20 Jan 2012 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20111209 by Jason Lim on December 9, 2011 2:06 pmWhen the world wants to outsource technology services, India usually comes to mind first, not China. This is apparent by the sheer size of the market where India’s outsourcing market is worth US$70 billion a year compared with China’s US$20 billion. However the leading China based IT outsourcing provider, VanceInfo is making headway around the world.Based on revenue, VanceInfo is the number one Chinese outsourced provider for the North America and European markets for the past four years, according to IDC. The most popular services, the Beijing based company performs are software product development, customer IT application development such as Expedia and Cathay Pacific’s flight and passenger related systems and enterprise solutions such as Oracle and SAP ERP system implementation and maintenance. Clients are big global companies such as Microsoft, 3M, IBM and Citibank; typically Fortune 1,000 companies.Forbes rec... Fri, 09 Dec 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20111116 By Stan Beer, Wednesday, 16 November 2011 10:59Chinese ICT services provider VanceInfo Technologies has announced that it will set up its ANZ headquarters in Melbourne with a commitment to create 100 new local jobs by the end of 2012. VanceInfo is listed on the New York Stock Exchange in the US but is headquartered in Beijing and 90% of its 12,000 employees are based in China.VanceInfo, an ICT services and outsourcing company, now has operations in China, Japan, Australia, North America and Europe. The company’s Australian branch was established recently and the Melbourne office currently employs 40 staff.China is rapidly becoming the new India of ICT outsourcing and local offices like the Victorian branch of VanceInfo largely serve as bases from which they can sell into the local market.VanceInfo’s President David Chen announced the expansion saying that Australia's most southern mainland state is an attractive location for ICT multinationals to set up local operat... Wed, 16 Nov 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20111026 Ron Gluckman, 10.26.11, 06:00 PM EDT Forbes Asia Magazine dated November 07, 2011 Two tech guys named Chen are trying to answer the question: Can China do IT outsourcing like India? When David Chen met his future business partner, Chris Chen, in 1992, David was a Chinese student struggling to make ends meet in Southern California and Chris was working at a Great Wall computer store. Happy to find a fellow mainlander behind the counter, David put in an order for one of the cheap knockoffs the company sold. "It was all I could afford," he says. Over the years, whether to fix a mafunctioning keyboard or brainstorm big ideas, they kept in touch. Today the pair, who aren't related, run one of China's fast-growing info-tech outsourcing businesses, VanceInfo Technologies. It's a long way from playing in the same league as the Indian giants--Tata Consultancy Services, Wipro, Infosys and HCL Technologies--but it does list blue chips such as Microsoft, 3M, IBM, Citiban... Wed, 26 Oct 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20111010 By Beverley Head, Monday, 10 October 2011 17:02Telstra and the Victorian Government have both signalled their willingness to take a punt on the emerging Chinese offshoring market. Last month VanceInfo Technologies which employs around 12,000 technology workers in China and 40 staff in Australia, announced it had been accepted onto Victoria’s eServices panel. The company is already engaged on development projects for Telstra’s cloud services.VanceInfo Technologies, while listed on the New York Stock Exchange, and not State owned, clearly identifies as a Chinese organisation headquartered in Beijing and with 90 per cent of its 14,000 employees based in China. The company set up shop in Australia late last year and now employs 40 people locally with ambitions to grow that to 50 by the end of this year, and 150 next year.According to Trey Zagante, the company’s local sales and marketing director, the plan is to “go up the value chain” in Au... Mon, 10 Oct 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20110913 VanceInfo ranked the 8th fastest-growing technology company and 31st overall on Fortune's 100 Fastest-Growing Companies list for 2011.FORTUNE Magazine, from September 26, 2011 issueTop 100RankCompanyEarningsgrowthRevenuegrowthTotalreturn1SXC Health Solutions65%151%105%2Green Mountain Coffee Roasters69%63%120%3Hi-Tech Pharmacal234%51%42%4Baidu78%65%65%5Medifast87%49%65%6Alexion Pharmaceuticals82%75%37%7Discovery Communications79%105%28%8Green Plains Renewable Energy102%299%22%9Home Inns & Hotel Management94%46%26%10Sturm Ruger & Co848%24%49%11Cirrus Logic340%24%42%12Priceline.com59%28%64%13Lululemon Athletica47%34%57%14Concho Resources50%41%35%15MercadoLibre72%33%32%16Silver Wheaton51%39%31%17Ares Capital68%32%35%18Trina Solar68%66%14%19Ebix48%42%30%20KapStone Paper and Packaging39%44%35%21Apple57%37%26%22Coinstar81%37%19%23Illumina95%30%20%24Netflix48%23%116%25Acme Packet38%28%108%26IAMGOLD109%17%47%27Riverbed Technology37%29%79%28Maiden Holdings49%49%17%29Eldorado Gold44%61%20... Tue, 13 Sep 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20110808 By Michael Kan, Posted 08/05/2011Microsoft, IBM and other multinational companies have long been customers for VanceInfo, one of China's largest IT outsourcing firms. With more than 11,000 employees, VanceInfo leverages China's low-cost work force to develop products and enterprise software for many of its clients.But continuing to rely on low-cost labor to attract business is becoming outdated, said Ken Schulz, vice president of global marketing for the company.Facing rising labor wages and increased competition, Chinese IT outsourcing firms like VanceInfo intend to provide more that just cost savings for their customers."In order to tap the market, we can't just focus on staffing," Schulz said. "We don't want to get paid for the people, but get paid for the solutions we can provide... For the full article, please visit: http://www.cio.com/article/687246/China_s_IT_Outsourcing_Firms_Aim_to_Move_Up_the_Value_Chain Mon, 08 Aug 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20110627 By Sandy Frinton, GlobalizationToday Posted 6/21/2011Our Global Outsourcing 100 "sublists" give us the tools to unearth the industry expertise of outsourcing providers. Here's a look at the many specialists who orbit the outsourcing universe. [...]As a leader on the main list and top player in R&D and IT, VanceInfo Technologies Inc. of China also is focusing its expertise in providing IT consulting and solution services."The competition is becoming fiercer all the time," says Ken Schulz, who heads the company's marketing department. "We differentiate ourselves not so much through marketing, but rather through employing industry experts who not only implement information and communication technology (ICT) solutions for our clients, but also provide true business value."... For the full article, please visit: http://globalizationtoday.com/in-search-of-vertical-excellence/ Tue, 21 Jun 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20110120 By Lison Joseph, NDA Posted 1/20/2011 2:52 ISTLittle known VanceInfo Technologies or Neusoft Corp of People's Republic of China may not be big enough yet, but they likely represent a threat for India's $50 billion information technology outsourcing industry.Along with Accenture and Cognizant, New York Stock Exchange (NYSE) listed VanceInfo is one of the 2011 top stock picks of JP Morgan, the US financial services firm.Tellingly, American depositary shares of Infosys Technologies or Wipro Technologies are missing from the list.JP Morgan isn't the only firm punting on the Chinese IT story. Investment advisory CLSA predicts that the rise of China in the IT space has started, and that they will be a force to reckon with by 2014. Wall Street's faith in the China IT story saw VanceInfo gain over 150% over the past year, from its 52-week low of about $14.79 on February 5, 2010 to $37.44 on Wednesday on the NYSE...For the full article, please visit: http://www.dnaindia.com/money/report_wall-st... Thu, 20 Jan 2011 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/worldwidebusiness By MOREY STETTNER, INVESTOR'S BUSINESS DAILY Posted 11/26/2010 04:32 PM ET In a global economy, the challenge for many growing companies is navigating across cultures. That didn't pose a big problem for VanceInfo Technologies.Founded in 1995, VanceInfo (VIT) is a China-based IT consulting firm that provides offshore software development for North America and Europe. In late 2007, it became the first China software development outsourcer listed on the NYSE.VanceInfo's two co-founders launched the firm with a distinct edge: They understood the U.S. technology business because they had worked in it.Chris Chen helped IBM (IBM) develop its OS/2 operating system before he started VanceInfo. He's now its chairman and CEO. David Chen, VanceInfo's president, was a software engineer at Oracle (ORCL)."All key members of the management team have worked for big U.S. tech companies," said Joseph Vafi, managing director of equity research at Jefferies & Co. He adds that VanceInfo'... Fri, 26 Nov 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20101102 PR Newswire 11/02/2010 The Microsoft Vendor Program announces winners for the 2010 MSVP Vendor Excellence Awards.REDMOND, Wash., Nov. 2, 2010 /PRNewswire/ -- Microsoft Corp. today announced recipients of the 2010 Microsoft Vendor Program (MSVP) Vendor Excellence Awards. The MSVP Vendor Excellence Awards acknowledge exceptional performance, exemplary service and innovation by vendors that are members of the MSVP, Microsoft's preferred vendor program. The purpose of MSVP is to foster world-class procurement by offering Microsoft employees a global, swift and straightforward approach to target and engage pre-qualified vendors vetted by Microsoft Procurement, which enables cost efficacy and provides real benefits to vendors.Winners of the 2010 MSVP Vendor Excellence Awards were chosen by a selection committee from representatives across the company and nominated by Microsoft employees based on outstanding quality, value, service, innovation, delivery, organizational health, supply ch... Tue, 02 Nov 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20101128 By Chee Sing Chan, COMPUTERWORLD HONG KONG Posted 11/1/2010 When examining the growing might and potential of Chinese offshore software developers, the one firm leading the charge is VanceInfo Technologies.Among its lengthy list of firsts is being the first China-based outsourcing company to publicly list in the US on the New York Stock Exchange in 2007. Add to that that IDC has - for the third year running - named VanceInfo the number one among China-based based offshore software development vendors for Europe and North America as measured by 2009 revenues.IDC calculates that the China-based offshore software devleopment market reached US$2.8 billion in 2009, an increase of 14.7% over 2008. The market which is now second largest only to India is expected to grow at 22.4% compound annual growth rate (CAGR) from 2009 to 2014.VanceInfo itself has grown at a very healthy 40-50% year-on-year since 2008 and expects a minimum 40% growth for 2010.Western experienceAccording to Ken Schulz, VP ... Mon, 01 Nov 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20101010 By LESLIE YUAN, HYSTA CGSA Posted October 10, 2010Santa Clara, October 10, 2010 -- Over a thousand Silicon Valley professionals attended the 11th Annual HYSTA Conference on October 2, 2010, at the Marriott Hotel in Santa Clara, California. The theme for this year’s conference was “The Drivers for Growth and Innovation.”A highlight of the conference was a two-part panel discussion session sponsored by HYSTA’s China Global Services Alliance (CGSA) chapter. CGSA invited nine distinguished speakers to participate as panelists. Leading global companies such as Nokia, Yahoo, and Adobe shared their experiences working with China outsourcing companies, and also talked about their China-as-a-destination strategies. A number of CGSA’s founding member companies, including VanceInfo, hiSoft, iSoftStone, Freeboarders, Beyondsoft, and Achievo presented business updates and talked about their growth and innovation strategies. Here are some ... Sun, 10 Oct 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20100928 By K Giriprakash, The Hindu Business Line posted Sep. 28, 2010 4:20 PMChinese software services companies are fast learning to compete with their counterparts in India on certain verticals and may have already started to take away business from some of them. A US-based analyst firm and part of the privately-held financial institution, SIG (Susquehanna International Group), in its recent report, has said companies such as Microsoft (NASDAQ:MSFT) , Samsung and Cisco Systems (NASDAQ:CSCO) are moving some of their work to Chinese companies because they not only offer comparable services but also at 25 percent discount compared with Indian IT vendors.The report says that Chinese vendors have developed enough skills in outsourced R&D, testing and product development for them to wean away clients from Indian vendors...For the full article, please visit: http://www.istockanalyst.com/article/viewiStockNews/articleid/4539001 Tue, 28 Sep 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/ITEducation By DAWINDERPAL SAHOTA, COMPUTING (INCISIVE MEDIA) Posted 9/20/2010 Chinese outsourcer VanceInfo Technologies has provide insight into the way that China produces millions of high-calibre IT graduates every year, at a time when young people studying IT in the UK is in decline. The outsourcing provider is the first Chinese IT company to listed on the New York Stock Exchange and Jeff Wu, executive vice president and chief globalization officer at the company, claims that it is only a matter of time before more Chinese IT companies follow it. "Being based in China is a real differentiator for VanceInfo," said Wu. "One of the reasons for this is the massive talent pool in China - every year we have millions of engineering graducates and this is something you won't find anywhere other than India... For the full article, please visit: http://www.computing.co.uk/computing/news/2270077/skills-china Mon, 20 Sep 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20100915 SEEKING ALPHA, Posted by TONY D'ALTORIO on 9/15/2010 India’s information technology outsourcing companies have taken over everywhere.Everywhere, that is, except for one of the most promising markets in the world: China.......The emerging Chinese IT services industry opens a true growth opportunity for investors. And better yet, a few of the biggest businesses in that group are listed on U.S. exchanges.China’s second largest IT services company, VanceInfo ADR (NYSE: VIT), has fed off of the domestic market. In 2006, it only represented 5% of the company’s revenues. But in the second quarter of this year, that number soared to 45%... For the full article, please visit: http://seekingalpha.com/article/225245-china-s-it-services-industry-challenges-india-in-outsourcing?source=yahoo Wed, 15 Sep 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/Vanceinfo By KATHRIN HILLE, FINANCIAL TIMES Posted 9/7/2010 India's outsourcing groups may be keeping a wary eye on China but the world's second-largest economy does not necessarily spell doom for the subcontinent. Tata Consultancy Services, India's largest outsourcing services group, last month said that it would double headcount in China, a clear signal that the Indian sector is keeping a close eye on the market that could evolve into a serious competitor. The threat appears clear enough. China's outsourcers are set to grow at a faster pace than India's over the next few years, according to analysts "The Chinese outsourcing sector is bound to see the same curve the Indian industry had before - they are in for incredible growth," says Egidio Zarrella, a partner at KPMG... For the full article, please visit: http://www.ft.com/cms/s/0/dbbd9324-ba86-11df-8e5c-00144feab49a.html Tue, 07 Sep 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20100812 By MARILYN MUCH, INVESTOR'S BUSINESS DAILY Posted 08/12/2010 05:50 PM ET India may have a stronghold on the outsourcing game. But China is starting to muscle in on its turf.China's booming economy has sparked the rapid expansion of many multinational giants in the region. That's spurred greater demand for IT services — and big opportunities — for Chinese outsourcer VanceInfo Technologies (VIT).The IT service provider and software development outfit boasts blue-chip clients, including Microsoft (MSFT), Expedia (EXPE) and Chinese telecom gear maker Huawei. It's No. 1 among Chinese offshore software development service providers for North America and Europe by 2009 revenue...For the full article, please visit: http://www.investors.com/NewsAndAnalysis/Article.aspx?id=543545 Thu, 12 Aug 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20100319 By REBECCA FANNIN, FORBES Posted 3/19/2010 The chief executive of VanceInfo, Chris Chen, had no qualms in telling me that he wants the business he founded in 1995 to "become the biggest outsourcing firm in the world." We met between flights at Beijing's airport. He is on this way, counting Microsoft, Hewlett-Packard and IBM as clients... For the full article, please visit: http://www.forbes.com/2010/03/19/china-neusoft-wipro-intelligent-technology-outsourcing.html Fri, 19 Mar 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20100216 SEEKING ALPHA, Posted by TraderMark on 2/16/2010 I've had VanceInfo Technologies (VIT) in my pool of "up and coming companies to keep an eye on" for about 4 months now; last week Investors Business Daily did their (as usual) excellent summary of a company, so this would seem a good time to introduce the stock to the website. This is quite an interesting concept, as its a similar niche to the Indian outsourcing companies that broke onto the scene the past decade - led by powerhouses such as Infosys Technologies (INFY). While comparing the 2 companies is a huge stretch (INFY $5B in annual revenue, VIT $150M), anyone who invested in INFY in 1999 when it was (split adjusted) $5-$6 has made a pretty penny since. From an economics perspective, I will be interested to see if the Indian outsourcers face the same sort of global wage / cost arbitrage in the next 10 years, that we are seeing in the US, as the Chinese undercut them on price / labor... For the full article, pleas... Tue, 16 Feb 2010 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/2009120802 By J. BONASIA, INVESTOR'S BUSINESS DAILY Posted 11/17/2009 07:17 PM ET China's emerging outsourcing industry isn't a fire-breathing dragon yet, but it's making strides to become a force, just as its role model India did a decade ago. Chinese outsourcers still face steep challenges before they can dent the armor of such giants as Infosys (INFY) in India, or IBM (IBM) in the U.S. Chinese firms still must improve their software coding and English-speaking skills, better protect intellectual property and build their market awareness. And they are. One early success is Beijing-based VanceInfo Technologies (VIT). Its U.S. stock has soared 259% this year, and that's even after falling 11.9% Tuesday, after releasing big hikes in third-quarter sales and profit and an improved outlook. But some investors were hoping for an even better outlook from the highflier... For the full article, please visit: http://www.investors.com/NewsAndAnalysis/Article.aspx?id=512770 Tue, 17 Nov 2009 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/2009120801 By AMY REEVES, INVESTOR'S BUSINESS DAILY Posted 07/17/2009 05:50 PM ET For tech companies wanting to outsource their product development to cheaper climes, there's one obvious place to go: India. But the December 2007 debut of VanceInfo Technologies (VIT) gave the NYSE its first IT outsourcing firm from that other emerging giant in Asia. China's total offshore IT services industry draws about $1 billion in revenue a year, well short of India's $60 billion, according to Gartner Group. But it's also on the move, even in the recession... For the full article, please visit http://www.investors.com/NewsAndAnalysis/Article.aspx?id=482547 Fri, 17 Jul 2009 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20090204 www.chinaview.cn 2009-02-04 NANJING, Feb. 3 (Xinhua) -- China's Vice Premier Wang Qishan said on Monday that the country should take advantage of the rare opportunity to expand the outsourcing industry. The State Council has identified 20 pilot cities to take part in a program that offers perks to businesses that opt to participate in outsourcing. The program will help ensure economic growth, industry restructuring and the job promotion -- notably for the college graduates, according to Wang in an industry meeting held on Monday in the east city of Nanjing. The government would offer more support in tax breaks, financing, and vocational training, Wang said. The Vice Premier noted it was important to nurture China's outsourcing industry, and local governments should create sound legal conditions to pave the way for the industry expansion. Twenty cities, including Beijing, Shanghai, Xi'an, Suzhou and Hangzhou, have been designated for pilot service outsourcing programs. ... Wed, 04 Feb 2009 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20080721 Source: Northern Economic Times July 18th, 2008 (Tianjin, July18th, 2008) VanceInfo announced a new Tianjin Training Center has been opened at the Binhai Occupational Skill Testing Authority Center. The new center is an integral part of VanceInfo University, the company's program aimed at securing and training top talent. An opening ceremony was held for summer training classes, where more than 200 colleague students will receive IT outsourcing training for one month. The student body will initially be populated with students from Nankai University, Northwestern Polytechnical University and Xi'an Jiaotong University. Tue, 08 Jul 2008 00:00:00 GMT http://www.aitsoftware.com.cn/en/newsroom/VanceInfointheNews/20080516 Source: http://tech.QQ.com　May 14, 2008 Beijing︱May 14, 2008 VanceInfo announced that they have donated RMB 200,000 to the Sichuan Red Cross Society through their Chengdu office to assist with the reconstruction effort for families affected by the earthquake. VanceInfo employees are also working to collect tents, quilts, relief food, and family care kits for donation to those struck by the disaster in Sichuan. Chris Chen, Chairman and CEO of VanceInfo, expressed his deepest regards to the villagers, elderly people and children in the disaster area, wishing them a speedy and full recovery. He also announced that all employees in the Chengdu Office are safe and sound, and emphasized that the VanceInfo strategy of continued investment and development in the Sichuan region will not be affected by the earthquake. Wed, 14 May 2008 00:00:00 GMT