Neusoft Continued Top Ranking in China Outsourcing

SHENYANG, China, Aug 14, 2013 - Neusoft Corporation ("Neusoft", SSE: 600718), a leading IT solution and service provider in China, recently announced that Neusoft has been consecutively included for the eighth time and ranked as No. 1 among China-Based Top Providers ranking in "China-Based Offshore Software Development 2013-2017 Forecast and Analysis" report by International Data Corporation (IDC). Facing various challenges in the industry during the past year, Neusoft continued to maintain its leading position among China's software outsourcing service providers for its clear-defined and effective development strategy, leading market shares and steady growth.

According to the report by IDC, in the context of the acceleration of economic recovery and the increasing maturity of the offshore model, China's offshore outsourcing service sectors developed at a steady pace in 2012. China-based outsourcing market also experienced a dynamic merger of equals, buyouts of core business units, and establishment of joint ventures. Meanwhile, China's service providers are gradually leveraging emerging technologies like cloud computing, big data, mobile Internet, and social network to climb up the value chain, helping clients reduce their costs, while simultaneously generating business value.

In 2012, with harsher competition and more dramatic changes in the global market, Neusoft has been sticking to the strategies of innovation, transformation and globalization, and actively transforming its business model to accelerate the growth driven by knowledge assets and innovation instead of increasing number of headcount. Neusoft has continuously strengthened cooperation with existing international customers and also expanded to high-end new customers. The company maintained steady growth over the past years due to the effective implementation of its overall globalization strategy, as well as the continuous innovation on talent, technology and business model.