|Publicly held company|
|Traded as||SSE: 600718|
|Industry||Software Development, IT Education, Medical Equipment and Systems|
|Founded||1991 (as Shenyang Neu-Alpine Software Co., Ltd)|
|Headquarters||Shenyang, China (registered in Shanghai)|
|Liu Jiren (Chairman and CEO)|
Wang Yongfeng (President and Director)
Kutsuzawa Gentaro (Vice Chairman of the Board)
|Revenue||RMB 6,960 million (2012)|
RMB 5,751 million (2011)
Number of employees
|Literal meaning||Neusoft Corporation|
Neusoft Corporation is a Chinese multinational provider of software engineering services, Information Technology services, product engineering services, IT education and medical equipment headquartered in Shenyang, China. It was founded in 1991 and, as of 2010, is the largest China-based company providing IT services and, as of 2012, the largest software outsourcing firm in China.
"Neusoft" is an acronym of Northeastern University Software.
Neusoft was founded by Northeastern University professors Liu Jiren and Li Huatian in 1988 as the Computer Software and Network Engineering Research Laboratory of Northeastern University. It had an initial allocation of three people, three computers, and capital of RMB 30,000.
In 1990 it became the NEU Computer Software Research and Development Centre. It was incorporated in 1991. They had a collaboration with Alpine Electronics of Japan and the venture was called Neu-Alpine Software Research Institute. Through technical export and software outsourcing, this made Alpine their first international customer. The entity then became the Neu-Alpine Software Co. Ltd in 1993. As CEO, Liu Jiren led the company in these developments.
The first stages of construction of Neusoft Park began in 1995; around the same time, Neusoft incorporated the NEU Computer Imaging Centre and began to investigate CT scanning and related medical technologies. The NEU Software Group Ltd. was founded in 1996; one of its early collaborations was with Toshiba. In 1996, Neusoft became the first listed software company in China, with an offering on the Shanghai Stock Exchange. A partnership with Bao Steel in 1998 broadened the firm's investor base.
In 2003 there was a consolidation of investments as part of which Alpine Electronics, Toshiba, Bao Steel, and other investors became shareholders of Neusoft Group. By 2004, Neusoft had some 6,000 employees across 40 offices around China and the world with sales of RMB 2.4 billion.
By 2009 it was known as China's largest software outsourcing company. It was however still well behind Indian giants in the sector such as Tata Group and Infosys. By 2010 it had revenues of $540 million across a base of 15,000 employees, with some 8,000 corporate entities as customers. Historically most of their customers are in China and Japan.
By 2015, Neusoft said it had a staff of over 20,000, with six software bases, eight regional centres, and a presence in over forty cities throughout China.
Neusoft is categorized into five main businesses: IT services, software products, medical equipment, IT education, software and services.
Products and platforms
Neusoft products include TalentBase as a human resource management system, MPC as a Group Financial Management and Control System, SkillBase as an e-Learning system), NetEye as a Security Operations Center network security product, NetPatrol as a network monitoring product, Computer Intelligent Assistant Series of Medical Image Post-Processing, UniOffice as an Office Management System, UniEAP (Unified Enterprise Application Practices), Agile Cloud (ACLOME) Management Environment, ICDC Accelerators, enterprise asset management, customer relationship management, and Business Process Content Management and Digital Signage Network/System.
Software and services
Neusoft offers a wide range of services, including Engineering Services, On-demand Services, Business Process Outsourcing (BPO), as well as IT Education and Training. Engineering Services provides global customers with full-life cycle services for Application Development and Maintenance, Enterprise resource planning consulting and implementation, IT Infrastructure Services, Software Globalization and Localization, Professional Testing & Performance Engineering.
Regarding On-demand Services, Neusoft offers Telemedicine, which is tele-consultation services and medical products, and Xikang, is an integrated all-life-cycle healthcare service platform.
Neusoft's technology accumulation and R&D experience in the fields of embedded software, image reconstruction, and data processing has provided technical support to Neusoft and its partners in its development of medical equipment. These include over 40 types of medical products in eight categories: CT scanner, MRI, X-ray, Ultrasound, Laser Imager, Clinical Lab Equipment, Holter monitor, and related Consumables.
Neusoft operates four IT Education and Training institutes in Shenyang, Dalian, Chengdu, and Nanhai. The four industrial development bases and service platforms are collectively known as Neusoft Parks or Neusoft Institutes of Information.
The main university campus (where the company was founded) is Northeastern University Biomedical and Information Engineering School in Shenyang.
- In 2009 Neusoft was named to Global Services Media's "Global Services 100", and placed in the top ten of "Best Performers: IT Services" and "Leaders: Human Capital Development".
- List of IT consulting firms
- Dalian Software Park
- Electronic information industry in China
- Software industry in China
- China Software Industry Association
- "Key Financial Data". Neusoft Group. Retrieved 14 August 2013.
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- Tan, Yinglan (2011). Chinnovation: How Chinese Innovators are Changing the World. John Wiley and Sons. pp. 190–193. ISBN 0-470-82797-1.
- "Neusoft Continued Top Ranking in China Outsourcing" (Press release). PR Newswire. August 14, 2013. Actual report is here.
- Sigurdson, Jon (2008). "Ningbo and Dalian: Patterns of Science and Technology Development". In Thomson, Elspeth; Sigurdson, Jon (eds.). China's Science and Technology Sector and the Forces of Globalisation. World Scientific. pp. 163–164. ISBN 981-277-100-X.
- Petti, Claudio, ed. (2012). Technological Entrepreneurship in China: How Does it Work?. Edward Elgar Publishing. pp. 74–83. ISBN 0-85793-899-1.
- Subler, Jason (January 30, 2009). "China's Neusoft sees profits up 20 pct in 2009". Reuters.
- Fannin, Rebecca (19 March 2010). "China: $1 Billion And Ambition". Forbes.
- "ISO27001 Certification For Neusoft's Software Outsourcing". China Tech News. January 18, 2007.
- "Partner Alliance". Neusoft Group. Retrieved 27 May 2015.
- "Global Services 100: Category Winners". Global Services Media. February 27, 2009. Archived from the original on 7 January 2010.