Neusoft Listed in 2010 Global Services 100 and the Top IT Outsourcing Vendors

SHENYANG, China-Neusoft Corporation (“Neusoft”, 600718.SH), a leading IT solutions and services provider in China, has been recognized recently as one of the 2010 Global Services 100 and the Top IT Outsourcing Vendors. It is the sixth time that Neusoft was included in the Global Services 100. In addition to the main list and category list of Top IT Outsourcing Vendors, Neusoft was also honored as the Leaders: China Offshoring, and Top Emerging Application Development and Maintenance (ADM) Vendors.

The 2010 Global Services 100 is an annual global outsourcing industry ranking, produced by Global Services, the outsourcing media house along with NeoAdvisory, the globalization and sourcing advisory firm. It is an effort to recognize and celebrate service provider excellence, and it enlists service providers who possess the maturity to deliver high standard services in IT and BPO using the global delivery model. Neusoft was recognized to the list based on its strength in resilience to weather the economic downturn, the ability to retain market leadership, and continuous innovation to gain sustainable growth.

2009 was a tough year for the outsourcing industry due to the impact from the global economic downturn. However, Neusoft maintained a steady growth and also accelerated its steps into the global markets through enhanced innovation capability and efficiency, and the development of investment and acquisitions strategy, with a 12.3% increase of the business revenue and a 30.5% increase of net profit over the prior year. In 2009, Neusoft managed to continuously expand its leading market shares in various vertical industries and sectors in China, including telecom, utilities, social security, FSI, healthcare, manufacturing, education and transportation, etc. In the global markets, Neusoft accelerated its business development and expansion, and focused on the field of product engineering and application system development, with strengthened leadership in mobile solutions and automotive sector. Neusoft continuously enhanced its outsourcing services to the Japanese market, and also successfully carried out acquisitions and formed strategic partnerships in the US and European markets for the mobile solutions and automotive sector, which further improved Neusoft’s development and innovation competitiveness in the product engineering field by optimizing its service network of the offshore, near-shore, and on-shore global delivery model.

“We are honored to be recognized in the 2010 Global Services 100 and Top Outsourcing Vendors,” said Dr. Liu Jiren, Chairman & CEO of Neusoft. “The financial crisis and its impact on the global economy have brought both opportunities and challenges, and I believe that along with China's rapid economy growth and its integration into the world economy, emerging markets will become an emerging power in the global innovation network, and open innovation and collaborative innovation will become the most important driving forces to the development of global economy. Meanwhile, outsourcing in the post-crisis era will create more value for enterprises to gain growth momentum and sustainable development, and Chinese services providers are playing more and more important roles in the global outsourcing community.”

For more information about the 2010 Global Services 100, please visit http://www.globalservicesmedia.com/GS100