Rochester, NY 6/27/2009 3:13:08 AM
End of Day Report - VIT - VanceInfo Ranked Number One for North American and European Markets - Sourced WhisperFromWallStreet.com
VanceInfo Technologies Inc.
End of Day Report - VIT - VanceInfo Ranked Number One for North American and European Markets - Sourced WhisperFromWallStreet.com
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VANCEINFO TECH ADS,VIT
VanceInfo Technologies Inc. (NYSE: VIT), an IT service provider and one of the leading offshore software development companies in China, today announced that the Company has been ranked number one among China-based offshore software development vendors for Europe and North America as measured by 2008 revenues, according to International Data Corporation ("IDC"). This is the second consecutive year that VanceInfo has been ranked number one by IDC in this category. IDC is a leading global provider of market intelligence for the information technology, telecommunications, and consumer technology markets. The IDC research paper "China-Based Offshore Software Development 2009-2013 Forecast and Analysis" expatiates on the current status of the China-based offshore software development market as well as vendor rankings. According to the study, IDC calculates that the China-based offshore software development market reached US$2.4 billion in 2008, an increase of 22.1% over 2007. The market is expected to grow at a 23.0% compound annual growth rate (CAGR) from 2008 to 2013, with business originating from European and North American clients expected to grow faster at 30.6% CAGR.
About
VanceInfo Technologies Inc., through its subsidiaries, engages in the provision of information technology (IT) services. The company offers research and development services for various phases of development, from requirements analysis, concept generation, and product realization, to quality assurance and testing, and technology and information transfer; and enterprise solutions, which include packaged evaluation and selection; packaged implementation; customization; regional rollout; enhancement, maintenance, and product support; version upgrades; and business intelligence/data warehouse.
Last Trade: 15.34
Day's Range: 14.35 - 15.50
52wk Range: 4.20 - 14.13
Volume: 1,334,056
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