VanceInfo (officially VanceInfo Technologies Inc., formerly known as Worksoft) is an IToutsourcing company headquartered in Beijing, China. It ranks first among Chinese offshore software development service providers for the North American and European markets as measured by 2010 revenues.[2] The service areas of the company are in tech, telecom, finance, travel, manufacturing, retail and logistics.
In November 2012, the company merged with China-based IT outsourcing industry peer HiSoft to form Pactera.[3]
History
The company was founded in 1995 as Worksoft and started its long-term relationship with IBM. The company added an office in Dalian in 2004, and in that same year signed a contract with Unicom-BREW and built the PeopleSoft China Development Center. In the next year important achievements included the building of the TIBCO China Development Center and selection as a Microsoft Preferred Vendor and built its China Offshore Development Centers in Shanghai and Beijing. In that year, the company expanded by acquiring SureKAM and the US-based Siebel consultancy Envisys, and secured financing from funding by Hao Chen, Legend Capital and Rob Theis, Doll Capital Management (DCM).[4] More venture capital funding following in 2006 from Kui Zhou and Doug Leone of Sequoia Capital. The company also in 2006 acquired China-based Prosoft Technology. 2007 was a marquee year in which the company changed its name to VanceInfo and listed on the NYSE, and opened offices in the US in Seattle, Washington and New York. Further international expansion occurred in 2009 with the opening of a London office and a Melbourne, Australia office in 2010.[citation needed]
The company emerged in the backdrop of partisan political bickering in the US state of Ohio in 2010–2011. A group of state representatives allied with Service Employees International Union District 199, a branch of a major trade union, pointed out that Mark Kvamme, a political appointee put in charge of creating jobs in Ohio, was a partner in Sequoia Capital, which had invested in VanceInfo. The state representatives and union branded Kvamme as unfit for the role of creating jobs in the state since he was tied to VanceInfo, an outsourcing company, through his stake in Sequoia Capital. One of the representatives said: "It seems utterly contradictory that a guy who's the state's leading job creator, supposedly, is trying to bring jobs to the state of Ohio ... while in his private life is benefitting from outsourcing IT jobs to China."[5]
Offices
Headquartered in Beijing, VanceInfo has additional offices in Shanghai, Nanjing, Shenzhen, Dalian, Hangzhou, Guangzhou, Tianjin, Wuhan, Chengdu, Xi'an, Hong Kong, Melbourne, Tokyo, Kuala Lumpur, San Diego, Seattle, San Francisco, New York and London.[6]
Outsourcing includes both foreign and domestic forms of outside contracting. It is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981 at a time when industrial jobs in the United States were being moved overseas, contributing to the economic and cultural collapse of small, industrial towns.
Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. More recently, technical and administrative services have been offshored.
Aricent was a global design and engineering services company. It was acquired by French-based company Altran in 2018 and renamed Altran North America in April 2019 and Altran Americas in early 2020. With Altran's acquisition by Capgemini, the successors of Aricent are incorporated into Capgemini Engineering and to a lesser extent, Capgemini Invent.
Neusoft Corporation is a Chinese multinational provider of software engineering services, Information Technology services, product engineering services, IT education and medical equipment headquartered in Shenyang, China.
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Dalian Software Park, also called DLSP, is an industrial zone, created in 1998 in the western suburbs of Dalian City, Liaoning Province, China, where many of the world's large and medium-sized IT-related companies have set up shop to do software development and information services. It is part of Dalian Hi-tech Zone in the broader sense. While American and European companies typically have gone to Bangalore and other cities in India because of the English language capability, Japanese companies have gone to Dalian and other cities in China due to the Japanese language capability.
Software Testing Outsourcing is software testing carried out by an independent company or a group of people not directly involved in the process of software development.
Seioglobal formerly "SSG" / Safesoft Global, also commonly known locally as “Seio”, is an IT service multinational corporations based in Shanghai with focus on providing information technology consulting and software development services to Forbes Global 2000 companies and multinational corporations. In its portfolio it also develops Offshore Development Centers (ODC) for multinational corporations via its almost “no” language barrier talent model and is one of the few companies in its industry in China that owns a 30,000sqm technology software park, in addition to its own training and development center.
The China Software Industry Association (CSIA) is the major representative and one of the most active associations in the China software industry. Its goal is to promote the development of software industry in China and provide a hub with overseas markets.
HiSoft Technology International Limited was a multinational information technology and business process outsourcing company headquartered in Dalian, China. Founded in 1996, HiSoft was listed on the NASDAQ public exchange in 2010. In November 2012, the company merged with China-based IT outsourcing industry peer VanceInfo to form Pactera.
Dalian Hi-Think Computer Technology Corporation, often called DHC, is a provider of software development, industrial solutions and IT services headquartered in Dalian, Liaoning Province, China. It was established in 1996 as an spin-out of Dalian Information Center and its capital amounts to 150,000,000 CNY. NEC, NTT Data, Hitachi Software Engineering, NEC Soft, NS Solutions, and Microsoft have invested in DHC.
Mark David Kvamme is an American venture capitalist at the firm Drive Capital in Columbus, Ohio, a sports car racing driver and team owner of MDK Motorsports.
Medidata Solutions is an American technology company that develops and markets software as a service (SaaS) for clinical trials. These include protocol development, clinical site collaboration and management; randomization and trial supply management; capturing patient data through web forms, mobile health (mHealth) devices, laboratory reports, and imaging systems; quality monitor management; safety event capture; and monitoring and business analytics. Headquartered in New York City, Medidata has locations in China, Japan, Singapore, South Korea, the United Kingdom, and the United States.
Sinovel Wind Group Company is a Chinese state-owned wind turbine manufacturer headquartered in Beijing.
The economy of Dalian plays an important part in Northeast China and Northeast Asia.
Dalian Hi-tech Zone or DHZ is an industrial district in the western suburbs of Dalian, Liaoning, China. It extends about 30 kilometres along Lüshun South Road and Guoshui Highway in Shahekou District and Lüshunkou District, where many of the world's multinational technology companies have operations.
Pactera Technology International Ltd., (文思海辉技术有限公司) is an IT consulting and outsourcing company with corporate headquarters in Beijing, China, and regional headquarters in North America, Europe, and Asia Pacific. The service areas of the company are in technology, telecom, finance, insurance, energy, travel, manufacturing, retail and logistics.
Drive Capital is a venture capital firm headquartered in Columbus, Ohio.
The business process outsourcing industry in China including IT and other outsourcing services for onshore and export markets surpassed 1 trillion yuan in 2016 according to the Ministry of Commerce (MOC).
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