HiSoft Technology International
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (August 2010) |
| Type | (NASDAQ: HSFT) |
|---|---|
| Industry | IT Outsourcing |
| Founded | November 1996 |
| Headquarters | Dalian & Beijing, P.R.China |
| Key people | Cheng-Yaw Sun, Chairman Tiak Koon Loh, CEO Jin-Song Li, Executive VP Yong-Ji Sun, Executive VP |
| Website | www.hisoft.com |
hiSoft, or hiSoft Technology International Limited, is an information technology and business process outsourcing company. On June 30, 2010, hiSoft became the 144th Chinese company to be listed on the NASDAQ public exchange [1].
Since 1996, hiSoft has delivered software development, globalization, testing, and maintenance services to customers in the Americas, Europe and Asia, with particular focus on Fortune 500 firms in the Telecommunication, Software, Financial Services, Pharmaceutical and Manufacturing sectors. 7 delivery centers in China, 1 delivery center in Singapore, plus 16 business offices in the US, Japan, Singapore, and China allow a mix of on-premise and offshore services.
hiSoft is the only Chinese company included on IAOP’s “Global Outsourcing 100” list of 27 multi-year winners for having been ranked each year since its inception in 2006. hiSoft was positioned at #65 globally for 2010, and in the Top 10 globally for specialties in R&D and China operations as well as Top 20 for their expertise in the Technology, Manufacturing and Japan markets.
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[edit] Overview
With a workforce of over 6000 employees, the company has seen significant growth in recent years. The company offers software development, software and hardware quality assurance, globalization and localization for software and hardware, software testing, and a variety of other services to both independent software vendors and corporations in Financial Services, Consumer Electronics, Telecommunications, Manufacturing, Life Sciences, Software Products, Health Care, Technology Hardware, Banking, Insurance, and Pharmaceuticals [2].
hiSoft has grown to be the No. 2 IT Outsourcing company in China as ranked by IDC based on both organic growth and acquisitions. In addition to acquiring Envisage, Ensemble International and Teksen Systems, ‘’’hiSoft’’’ has established operations in the USA, Singapore and Japan through acquisitions, partnerships and joint ventures. They have also received venture capital funding from a variety of companies including Draper Fisher Jurvetson ePlanet Ventures, GGV Capital, GE Commercial Finance, International Finance Corporation (IFC), Intel Capital, JAFCO ASIA, Mitsubishi UFJ Securities, and Sumitomo Corporation Equity Asia Limited, among others.
[edit] Acquisitions
In July 2011, hiSoft acquired NouvEON. 7 Mile Advisors advised hiSoft on the transaction.
[edit] Services
hiSoft specializes in both providing information technology and business process outsourcing primarily to the Financial Services, Consumer Electronics, Telecommunications, Manufacturing, Life Sciences, Software Products, Health Care, Technology Hardware, Banking, Insurance and Pharmaceutical Industries.
hiSoft works with clients on the implementation and development of new systems, enhancements to existing systems and application migration. Their services cover multiple stages of software development, from requirements gathering and analysis to implementation and application management.[citation needed]
[edit] R&D Outsourcing Services (For Technology Firms)
- Hardware Device Testing
- Mobile Technology Services
- Product Globalization Services
- Research and Development Staffing
- Software Product Testing
[edit] IT Outsourcing Services (For Enterprise Companies)
- Application Development & Maintenance
- Application Testing
- Cloud Computing Services
- IT Infrastructure Management Service
- IT Staffing Services
- Package Solutions Service
[edit] Business Process Outsourcing Services
- Data Management Services
[edit] Clients
- Approximately 35% of hiSoft’s clients are Fortune 500, representing over 55% of revenue.
- 60% of Clients from US and Europe, 30% from Japan, 10% from China.[3]
[edit] See also
- The Global Outsourcing 100
- Software industry in China
- China Software Industry Association
- International Data Corporation
- Dalian Software Park
[edit] References
- HiSoft Technology International Limited Announces Pricing of Initial Public Offering on the NASDAQ Global Market
- hiSoft Named to Global Outsourcing Top 100 for Fourth Consecutive Year
- hiSoft expands partnership with GE by creating first and largest Chinese GDC
- Idiom Names hiSoft Authorized Solutions Provider and Platinum Tier LSP Partner
- hiSoft receives International Financing
- List of hiSoft Investors
- hiSoft merges with Teksen and Ensemble Groups
- hiSoft receives the DNV Information Security for Management System Certificate
- hiSoft receives final round of International Financing
- hiSoft listed among Top 25 Global Translation Companies
