BEIJING, March 12 /PRNewswire/ --
- Acquisitions Strengthen iSoftStone's Greater China Offering to Benefit Clients Worldwide
Today iSoftStone Information Service Corporation (iSoftStone), a leading provider of consulting, IT outsourcing and business process outsourcing (BPO), announced that it has entered into agreements to acquire Shenzhen Sidaronghe Co. Ltd. (Sidaronghe) and the Services Outsourcing unit of MDCL-Frontline (MDCL) in separate transactions. The two additions will help iSoftStone to continue expanding its client coverage team in the Greater China region including Hong Kong and Taiwan, and further strengthen delivery capabilities for global MNC clients.
Sidaronghe provides application development and testing services, with specialty knowledge in the telecom equipment sector. MDCL provides application development maintenance primarily to clients in mainland China, Taiwan and Hong Kong, and brings a complementary service offering, technology capabilities and client focus in the Greater China region.
In spite of the increasingly uncertain global economic backdrop, we continue to see many Greater China business opportunities in the coming 12-24 months, said TW Liu, Chairman CEO of iSoftStone, The additions of both Sidaronghe and MDCL bring additional client-facing industry and technology specialists, a stronger Greater China resource base and additional capabilities for offshore delivery to our existing and new global MNC clients. Liu continued, We are delighted to have both teams become part of iSoftStone, and with their strong capabilities and client relationships, I am confident that together we will be well-positioned for long-term success.
The two transactions are expected to close in March 2009.
Shenzhen Sidaronghe Co., Ltd. is a CMMI Level 3-certified software service provider, specialized in serving domestic and international tele-communications carriers and technology providers. Its major clients are Huawei, China Mobile, and others. The company was founded in 2004, headquartered in Shenzhen, with a second location in Nanjing, and total employees of more than 300.
About the Services Outsourcing unit of MDCL-Frontline
MDCL-Frontline is a China-based provider of application development and IT services, certified at CMMI Level 3. The Services Outsourcing unit of MDCL-Frontline specializes in application development, maintenance and infrastructure outsourcing, and has developed expertise in a wide range of services, technologies and e-Business solutions. MDCL is located in mainland China, Hong Kong and Taiwan, with total employees of approximately 200.
Founded in 2001, iSoftStone is a global provider of business consulting, IT outsourcing, and business process outsourcing services to clients in the United States, Europe, Japan, Korea, and China. Based in Beijing with offices in key client geographies, iSoftStone provides a comprehensive end-to-end service offering including on-shore client-facing business consulting, and off-shore delivery of IT outsourcing and software product engineering services. iSoftStone is certified CMMI Level 5, ISO9001 and ISO27001, and focuses on key client industries including financial services, telecommunications, high technology, energy utilities, and transportation logistics. For more information, please visit http://www.isoftstone.com .
Press contact: iSoftStone, China, Sophie Yang, +86-10-5874-9169 , or jhyang@iSoftStone.com; or iSoftStone, North America and Europe, Erik Ryan, +1-206-623-3725, or email@example.com / Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070316/CNF016LOGO, PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840