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.[3]
In November 2012, the company merged with China-based IT outsourcing industry peer HiSoft to form Pactera.[4]
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).[5] 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.[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 1199, 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[6]
Outsourcing is a business practice in which companies use external providers to carry out business processes, that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another.
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.
One of the most dynamic and fastest growing sectors in the Philippines is the information technology–business process outsourcing (IT-BPO) industry. The industry is composed of eight sub-sectors, namely, knowledge process outsourcing and back offices, animation, call centers, software development, game development, engineering design, and medical transcription. The IT-BPO industry plays a major role in the country's growth and development.
Business process outsourcing to India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations (MNCs).
Donald Thomas Valentine was an American venture capitalist who concentrated mainly on technology companies in the United States. As the founder of Sequoia Capital, he has been referred to as the "grandfather of Silicon Valley venture capital". The Computer History Museum credited him as playing "a key role in the formation of a number of industries such as semiconductors, personal computers, personal computer software, digital entertainment and networking."
In software engineering, offshore custom software development consists in offshoring the software development process in a country where production costs are lower, thus decreasing budget spending.
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.
SoftServe, Inc., founded in 1993 in Lviv, Ukraine, is a technology company specializing in consultancy services and software development. SoftServe provides services in the fields of big data, Internet of things, cloud computing, DevOps, e-commerce, computer security, experience design, and health care. With its United States headquarters in Austin, Texas and European headquarters in Lviv, Ukraine, the company employs more than 12,000 people in 58 offices in 14 countries. It is one of the largest employers for software developers in Eastern Europe, and the largest outsourcing and outstaffing IT company in Ukraine.
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.
Exigen Services recently merged and renamed to Emergn. Insurance Software production under Exigen Insurance Solutions has separated and was renamed to EIS.
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.
Harman Connected Services, often abbreviated to HCS, is an American software company which is a subsidiary of Samsung Electronics through Harman International Industries. The Connected Services Division supplies software services to the mobile communications industry. Harman has a workforce of approximately 30,000 people across the Americas, Europe, and Asia.
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.
Chennai is the third largest software exporter in India, next only to Bangalore and Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.8% per cent to touch 1,11,179 crore, involving a workforce of 780,000, and the city is the hub for deep tech startup companies. Many software and software services companies have development centres in Chennai, which contributed 14 percent of India's total software exports of ₹ 14,42,140 lakh during 2006–07, making it the third largest Indian city software exporter following Bangalore, Hyderabad and the city is the home for 7 top rated IT companies out of 15 in India. The Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development. A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai. The total employment in the Tamil Nadu’s technology sector crossed the one million mark in the quarter ended June 2022.
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.
Xinwu District is one of five urban districts of Wuxi, Jiangsu Province, People's Republic of China.
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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