Neusoft Ranked No. 1 in Top 10 Leaders of Emerging Asian Markets for Third Time

Also Included in Global Services 100 and Top 10 Best Performers in IT Services

SHENYANG, China, March 3 / -- The list of 2009 Global Services 100 by the US-based Global Services and neoIT was released recently at the 2009 Global Services Conference held in New York. Neusoft Corporation (600718.SH), a leading IT solutions & services provider as well as the largest offshore software & service outsourcing provider in China, was listed among the Global Services 100 for the fifth time and continued ranking No. 1 in the category of "Leaders: Emerging Asian Markets" for three successive years since 2007. Moreover, Neusoft also made a breakthrough in the two other categories of "Best Performers: IT Services" and "Leaders: Human Capital Development". Walter Fang, Vice President of Neusoft Corporation and President of Neusoft America, attended the event and received the award.

The Global Services 100 List is an annual compilation of the world's most innovative service providers that are detailed in categories by the US magazine Global Services and neoIT since 2005. Neusoft has been listed for 5 successive years for its steady, continuous growth in software and service outsourcing.

In 2008, Neusoft continued a steady growth in software and service outsourcing, seeing a 30% increase in turnover. Besides continued input to enhance the outsourcing services to Japanese market focusing on product engineering and application system development, Neusoft has also made a lot of efforts in exploring European and US markets and achieved great progress in these two markets. Up to now, Neusoft has accumulated rich experience and resources in four product engineering fields, including digital home products, mobile terminals, in-car information products and IT products. Neusoft's embedded software systems have been running in a variety of such products of its customers from all over the world. Meanwhile, Neusoft has maintained a stable increase in human resources, with a total of 15,000 employees in 2008, which has enhanced its capacities in providing scaled outsourcing services for customers. Last year, Neusoft became the first SEI PCMM ML3 appraised company in China, which ensured a guaranteed HR supply for its global expansion. Moreover, in order to better meet customer demands, Neusoft also input more to build global delivery centers. Except the software R&D bases already established in Shenyang, Dalian, Beijing, Chengdu and Nanjing, Neusoft started to build some more in Tianjin, Shanghai and Guangzhou last year.

Dr. Liu Jiren, Chairman & CEO of Neusoft Corporation, said, "As a software and service provider from China, we are proud to be part of this list. This is a great recognition of the achievements that Chinese service providers have made in business growth, corporate governance and customer service. I believe that as Chinese services companies become more mature, China will emerge as a major player in the global software and service outsourcing landscape."

When talking about the coming trend of the outsourcing industry in the context of the current financial crisis, Dr. Liu said, "In my opinion, the impact of the financial crisis on the industry is only temporary. Allocating resources around the world to create competitiveness and avoid risks has become an inevitable trend and an essential part of innovation strategy for companies in this time of globalization. It is necessary for companies to cut costs and gain competitiveness by outsourcing to survive under such economic turmoil and maintain sustainable development in the long run. I believe that when the global economy recovers, there will be a new surge in the outsourcing industry."

About Neusoft Corporation

Neusoft is a leading IT solutions & services company and the largest offshore software & services outsourcing provider in China. It offers a rich portfolio of businesses, mainly including software products & platforms, industry solutions, product engineering solutions, and services. Neusoft has set up a large sales and services network in China, as well as subsidiaries in Japan, USA and Europe, maintaining a total of more than 15,000 employees. For more information about Neusoft, please visit: https://www.neusoft.com/en.

To view the 2009 Global Services 100 list, please visit:

http://www.globalservicesmedia.com/Content/general200902276070.asp

For more information, please contact:

Evelyn Tang
Senior PR Manager
Neusoft Corporation
Tel:   +86-24-8366-5663
Email: tangyi@neusoft.com