Neusoft Remains No. 1 in Market Share of Software Outsourcing in China

CCID Consulting Reports Rapid Growth of China’s
Software Outsourcing Industry in 2005

SHENYANG, China, Feb. 21 /Xinhua-PRNewswire/ -- CCID Consulting, one of the leading market research and management consulting firms in China, released The “2005-2006 Annual Report on China’s Software Outsourcing Industry” recently.  The Report shows that China’s software outsourcing market has maintained a high-speed growth for the year 2005, with a year-on-year increase of 45.3% in market volume that surged from US$ 0.633 billion of 2004 to US$ 0.92 billion, contributing to 2.3% of the global market.  Neusoft Group, as a leading software and solution provider in China, continued to solidify its top ranking in China’s software outsourcing, with its international transactions, compared with US$ 0.033 billion in 2004, increased by 90% to US$ 0.0627 billion for the year 2005 that amounted to 6.8% of the China’s software outsourcing market.  

CCID Consulting holds that as China’s software outsourcing plays a more and more influential role in the global community, demonstrated by its expanding growth in Japan as well as initial presence well established in America & Europe, a continuous rapid development is fairly predicable with a lot more SPs engaged and strategic support from local governments.  It is estimated that the market volume of China’s software outsourcing will, by 2010, reach US$ 7.028 billion with an annual compound growth rate of 50.2%, contributing to 8.4% of the global market.  It is evident that software outsourcing will become a new force to drive China’s software industry.    

CCID Consulting believes that Neusoft’s No. 1 ranking in China’s software outsourcing for the second consecutive year lies in its strategy to include software outsourcing as a major effort in its global expansion program.  In 2005, Neusoft proceeded to strengthen marketing operations in Japan by establishing a service platform in areas other than Tokyo for on-time delivery of service and support to local customers, which enabled an uninterrupted growth at a high rate.  At the same time, Neusoft began to consolidate and expand its operations in America and Europe by partnering with EMC and some other MNCs.  Technically, it has been constantly enhancing its capacity for better offering of technical and consulting service for customers’ core businesses to meet their varied demands.  For a higher maturity of software development and better service, CMMI Level 5 program has become part of essential routine within the organization.  In addition, Neusoft values employees as key assets, with a large HR reserve supported by its three IT institutes located respectively in Dalian, Nanhai, and Chengdu.  For the past year, the inflow of potential employees increased significantly.  Currently, Neusoft maintains a professional team of more than 2,900 for its software outsourcing operation.

Dr. Liu Jiren, Chairman & CEO of Neusoft Group, said that Chinese software enterprises have achieved a rapid growth in software outsourcing.  That shows their roles and values in the global IT chain have been increasingly recognized as they make constant breakthroughs in terms of enterprise maturity and global competence.  They will hopefully carry on complementary cooperation with overseas clients for win-win results.

About Neusoft Group

Neusoft Group is a leading software and solution provider in China. Founded in 1991, Neusoft’s mission is to promote applications of software technology.  At Neusoft, we have always been dedicated, on the basis of expert integration of human resource, technology and market, to demonstrating values of technology by presenting various intelligent applications.  We have three inter-promoting business units that are engaged respectively in software & services, medical systems and IT education & training, supported by a total staff of over 8,000 currently.  In addition, we have set up software parks in four cities of Shenyang, Dalian, Chengdu and Nanhai for further R&D and HR reserve.  With our success in constructing a complete sales and service network covering over forty cities around China, we have further extended our branches to US and Japan.For more information, please visit our website at: https://www.neusoft.com

About CCID:

For more information, please visit their website at: http://www.ccidconsulting.com .

For more information, please contact:

Evelyn Tang, PR Dept., BCC, 
Neusoft Group Ltd.
Tel:    +86-24-8366-5663
Mobile: +86-135-0497-1511
Email:  tangyi@neusoft.com