China's Largest Offshore Outsourcing Provider Neusoft Sets up Global Delivery Center at Dalian

DALIAN, China, June 17- Neusoft Corporation, the largest offshore software and service outsourcing provider in China, inaugurated another software park at the Dalian High-tech Industrial Zone today. Designed to expand its operations and accelerate its globalization process, this facility, the second of its kind invested in by Neusoft in Dalian, may house 10,000 engineers and will become, combined with the previous one, a software & service global delivery center to facilitate its fast-growing offshore-outsourcing operations. In view of Dalian's rapid expansion in the software & information service industry, such a move indicates Neusoft's determination to accelerate its expansion to the overseas market. In addition, the city is making a giant step towards becoming a new champion of software & service outsourcing in the world.

Positioned to offer IT outsourcing and BPO services to Europe, America, Japan, and Korea, the new park will also include Neusoft's three industry solution business units for telecom, electric power, and finance, as well as its car electronics R&D center and leadership development center. The park will rise up as a large global operations base that focuses on service outsourcing and product engineering solutions. Neusoft will engage itself in building the park into the largest offshore outsourcing base for the Japanese market in China and a leading embedded software outsourcing development center around the world. Neusoft plans to open the park to more of its global partners with more industry-specific offerings, aiming to create an ecological industrial environment where it may share resources with its international partners for mutual growth. 

It is reported that Neusoft has maintained a high-speed growth in offshore software & service outsourcing over the past years. It has been ranked top in terms of offshore outsourcing revenue in China for four consecutive years according to 2007 annual report by CCID Consulting, and was listed among top 25 in Annual Listing of the World's Best Outsourcing Service Providers in 2007 by International Association of Outsourcing Professionals (IAOP). The Company constructed a software park in Dalian 10 years ago, where now more than 4,000 software engineers are working on various offshore software outsourcing projects. However, the continuous boom of outsourcing has imposed higher availability levels than the park can deal with currently. The new park will upgrade Dalian City into a strategic portal as well as the largest global software & service delivery center of Neusoft, enabling a better industrial environment for more business expansion. 

Dr. Liu Jiren, Chairman & CEO of Neusoft Corporation, expressed that the concept and construction of the new park is based on Neusoft's future strategy and business growth. As economic globalization deepens and Asian economy grows, more and more global software & service outsourcing businesses are shifting into Asia. China is becoming another important offshore outsourcing destination, rising as a major force in the future global market. Neusoft, dedicated to becoming a globalized IT solutions & services provider, plans to improve its international revenue percentage from current 30% to 50% in the coming 3 to 5 years.

Dalian City Mayor Xia Deren offered his congratulations to the opening of the Neusoft (Hekou) Park. According to his speech that follows, the city's software industry consisting of more than 700 companies with a CAGR of 69.5% over the past decade created a total revenue of RMB 21.5 billion Yuan in 2007, including a US$ 720 million export.  Neusoft has made a wise choice to build its global software & service delivery center in Dalian, which will also help promote the city's software outsourcing industry. At the end, he expressed his wishes to build the software industry zone along Lvshun Nanlu in Dalian into the largest software & information service base in China and make the city a new champion of software & service outsourcing in the world through partnering with Neusoft and other well-recognized IT companies. 

Contact:

Evelyn Tang,
Brand Management & Corporate Communication Center
Neusoft Corporation
Tel:   +86-24-8366-5663
Fax:   +86-24-8366-3451
Email: tangyi@neusoft.com