HiSoft Acquires Leading China-based SAP Solution and Service Provider
BEIJING, Nov. 18, 2010 /PRNewswire-Asia-FirstCall/ -- HiSoft Technology International Limited, ("HiSoft" or the "Company") (Nasdaq: HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, today announced that it has acquired substantially all of the businesses of Besure Technology Co., Ltd. ("Besure"), a leading China-based supplier of SAP services. The acquisition marks an important move by HiSoft to expand its delivery capabilities and capture opportunities in China's growing enterprise application market.
"This acquisition adds one of the most experienced and capable independent SAP teams in China to our service offering," said HiSoft's Chief Executive Officer Tiak Koon Loh. "Besure's veteran management team consists of pioneers in China's enterprise and application market. Their direct end user engagement model ensures accountability for each step of a solution and service rollout, giving them a unique edge in the marketplace. This development is a natural complement to our core product line and will allow us to provide more sophisticated services to our clients."
Headquartered in Beijing with over 140 employees, Besure specializes in SAP consulting, operation and maintenance services. The transaction closed on October 1, 2010 with certain thresholds satisfied on November 1, 2010, and will be accretive in HiSoft's fiscal year ending December 31, 2010.
About HiSoft Technology International Limited
HiSoft Technology International Limited (NASDAQ: HSFT) is a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China. HiSoft provides its services to leading companies around the world through a combination of onshore and offshore delivery capabilities. HiSoft leverages its skilled technology specialists and client-centric delivery centers to offer customers reliable and high-quality technology solutions. For more information about HiSoft, please visit http://www.hisoft.com.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. HiSoft cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the HiSoft's filings with the Securities and Exchange Commission. Forward-looking statements contained herein speak only as of the date of this release. HiSoft does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
For investor and media inquiries please contact: |
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In China: |
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Mr. Ross Warner |
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HiSoft Technology International Limited |
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Tel: +86-10-5987-5827 |
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Email: [email protected] |
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Mr. Agustin Bautista |
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Ogilvy Financial, Beijing |
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Tel: +86-10-8520-6166 |
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Email: [email protected] |
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In the U.S.: |
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Ms. Jessica Barist Cohen |
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Ogilvy Financial, New York |
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Tel: +1-646-460-9989 |
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Email: [email protected] |
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SOURCE HiSoft Technology International Limited
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