Neusoft Receives Top Ranking Among All Offshore Software Outsourcing Providers in China in 2007

SHENYANG, China, April 9 - According to the 2007-2008 Annual Report on China's Software Outsourcing Market released by CCID Consulting, Neusoft Group, a leading IT solutions & services provider in China, continued to hold the title of No. 1 software offshore outsourcing in China with a total offshore outsourcing income of USD 140 million at a growth rate of 40%, leading China's software offshore outsourcing market by a significant margin.

According to CCID Consulting, Neusoft, as the largest offshore software and service outsourcing provider in China, has maintained its top ranking in this emerging market for four years based on the strengths detailed below. 

Neusoft's first strength is its talented team. Neusoft is currently the largest IT solutions & services company in China with a total of 13,000 employees, including 7,000 new hires in 2006 and 2007 alone. Many newcomers are from its information institutes and joint industry-based training (IBT) programs with other well-known local universities. A rich human resources reserve for the future and an appropriate HR development strategy enabled Neusoft to acquire and maintain a strong competitive advantage for its future outsourcing expansion.

The second strength is its advanced management system. Neusoft has attached great importance to quality management and process improvement, and has passed a series of quality certifications and process maturity evaluations, including CMM5, CMMI5, ISO27001, and CMMI (V1.2) 5. These well-established, advanced management approaches and methodologies have helped not only improve the maturity and quality of its software outsourcing development, but also reduce the operating costs and keep the development cycle on-time and on-track.

The third is its technological advantages. Based on its years of rich experience and abundant resources in outsourcing development, Neusoft offered a wide range of software & service offshore outsourcing services for more than 50 well-known MNCs around the world. Most especially, the Group has maintained a dedicated team of nearly 5,000 employees for the embedded software outsourcing operation.

In addition, Neusoft has been constructing international outsourcing bases and global delivery centers in some major cities including Shenyang, Dalian, Beijing, Shanghai, Chengdu, and Nanjing. It has also set up localized technical support centers in Japan, located in Tokyo, Osaka, Nagoya and Fuchu respectively; the USA; and Europe, aiming to create more space for future global software and service outsourcing growth. 

Dr. Liu Jiren, Chairman & CEO of Neusoft Group, stated that just like the manufacturing industry, the software & service outsourcing business is moving towards developing countries around the globe, which is a great opportunity for China's software and service companies including Neusoft. Neusoft will continue to create value for more and more customers from both China and abroad through integration with customers' businesses. At the end, he indicated that Neusoft is set to become a globally leading IT solutions & services provider in the coming 3 to 5 years.