Bleum Appoints Seth Pinegar as Chief Financial Officer

SHANGHAI, Nov. 3, 2011 /PRNewswire/ -- Bleum Inc., a China-based specialist IT outsourcing provider, announced today that it has appointed Seth Pinegar as Chief Financial Officer. Mr. Pinegar is assuming responsibility for corporate finance and strategic expansion, as Bleum enters its next phase of growth, having grown rapidly only via organic means in its first decade.

Bleum founder & CEO Eric Rongley said, "We are pleased to have Seth join us as we continue to accelerate our growth as the premier China-based outsourcing provider for MNC clients. With his prior experience, both in the technology services industry as well as corporate finance and M&A, he is a great addition to our management team. Additionally, his direct experience in China's rapidly growing technology services industry brings significant strategic perspective to Bleum, as does his experience in financial services, which adds to Bleum's strong mix of clients in this sector."

Mr. Pinegar commented, "Having already played a role in China's technology services industry evolution, I am very pleased to be joining a company that specializes in enhancing business value for its clients. While many view outsourcing as simply a game of scale and 'resources,' Bleum's track record for quality software development is second to none, and its ability to manage productivity improvements in its delivery centers is a best-in-class outcome for its clients. China's outsourcing industry is entering a new era, one of value-based delivery for clients, and one where value is defined by the quality of people working for our clients, not simply by the number of people."

Prior to joining Bleum, Mr. Pinegar was in executive management of iSoftStone, a Beijing-based outsourcing provider, where he was responsible for corporate development and global business development. Prior to joining iSoftStone in 2008, Mr. Pinegar was an investment banker for nearly a decade, with UBS Investment Bank and J.P. Morgan.

About Bleum

Founded in 2001, Bleum is a China-based IT outsourcer to U.S. and European companies in financial services, retail, software development, manufacturing and industrial products as well as non-profits. Bleum drives improved performance for clients by developing, managing, testing and maintaining applications that are core to their businesses. Led by senior executives from top global technology and consulting firms, Bleum's Western management practices, English-only workplace and dedicated development centers enable it to become an integral extension of its clients' IT organizations. To learn more, visit http://www.bleum.com.

FOR MORE INFORMATION, PLEASE CONTACT:
John Pabon
Public Relations Manager, Bleum Inc.
Tel: +86-21-6282-1122
[email protected]

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SOURCE Bleum Inc.