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VanceInfo Technologies Inc (VIT) Ranked as the #1 Chinese Offshore Software Development Company

VanceInfo Technologies Inc (NYSE: VIT) announced today that International Data Corporation, IDC, has ranked VanceInfo as #1 among Chinese offshore software development vendors for the North American and European markets, based on 2007 revenues. IDC generates global market intelligence for the Information Technology, telecommunications, and consumer technology markets.

VanceInfo provides its customers with a complete range of Information Technology services in five major areas: Platform and Operating Systems, Network and System Management, Database Warehousing and Management, Middleware Systems, and Application Packages. Its vision is to be a top, well-respected, China-based company providing world class, value added, and adaptive IT services.

Since the company’s founding in 1995, VanceInfo Technologies Inc has grown to 14 offices in China, the US and in Japan. One customer praised the company saying, “With its large staff and soup-to-nuts solutions for end users and software vendors, VanceInfo has taken a market leadership position among China’s outsourcing firms.”

VanceInfo Technologies Inc is managed by well-seasoned and educated experts in Information Technology and Finance.

Chaiman and CEO – Mr. Chris Shuning Chen helped found VanceInfo Technologies in 1995. He has Bachelor’s and Master’s degrees in engineering, and spent several years as a senior software developer at Great Wall Computer Software & System Co., Ltd. including a two-year assignment in the US. Upon founding VanceInfo, he became its managing director, and later became its CEO in 1999.

Chief Operating Officer – Mr. David Lifeng Chen has worked with VanceInfo Technologies since 2001. He too has Bachelor’s and Master’s degrees in engineering. He has worked as an ERP software developer at Oracle, and later as a product manager at IBM and a consultant at KPMG. He co-founded Heteng software in 2001, as he began his relationship with VanceInfo Technologies.

Chief Financial Officer – Mr. Sidney Huang has exemplary credentials in the finance field. He earned a Bachelor’s degree in accounting, from Bernard M. Baruch College, graduating as class valedictorian. He received an MBA degree with distinction from the Kellogg School of Management at Northwestern University. Mr. Huang was an investment banker with Citigroup Global Markets Inc. in New York, served as an audit manager at KPMG LLP and is a Certified Public Accountant in the State of New York. Prior to joining VanceInfo Technologies in 2006, Mr. Huang served as CFO of Longtop Financial Technologies Limited, a software development and IT services provider.

Responding to the IDC announcement, Mr. Chris Chen stated, “IDC’s recent report ranking us as the top Chinese offshore software development company for North American and European markets recognizes what we have achieved and is rewarding for all of us here at VanceInfo”.

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