iSoftStone Announces the Acquisitions of Sidaronghe and the Services & Outsourcing Unit of MDCL-Frontline
By Prne, Gaea News NetworkWednesday, March 11, 2009
BEIJING - Acquisitions Strengthen iSoftStone’s Greater China Offering to Benefit
Clients Worldwide
Today iSoftStone Information Service Corporation (iSoftStone), a leading
provider of consulting, IT outsourcing and business process outsourcing
(BPO), announced that it has entered into agreements to acquire Shenzhen
Sidaronghe Co. Ltd. (Sidaronghe) and the Services & Outsourcing unit of
MDCL-Frontline (MDCL) in separate transactions. The two additions will help
iSoftStone to continue expanding its client coverage team in the Greater
China region including Hong Kong and Taiwan, and further strengthen delivery
capabilities for global MNC clients.
(Logo: www.newscom.com/cgi-bin/prnh/20070316/CNF016LOGO )
Sidaronghe provides application development and testing services, with
specialty knowledge in the telecom equipment sector. MDCL provides
application development & maintenance primarily to clients in mainland China,
Taiwan and Hong Kong, and brings a complementary service offering, technology
capabilities and client focus in the Greater China region.
“In spite of the increasingly uncertain global economic backdrop, we
continue to see many Greater China business opportunities in the coming 12-24
months,” said TW Liu, Chairman & CEO of iSoftStone, “The additions of both
Sidaronghe and MDCL bring additional client-facing industry and technology
specialists, a stronger Greater China resource base and additional
capabilities for offshore delivery to our existing and new global MNC
clients.” Liu continued, “We are delighted to have both teams become part of
iSoftStone, and with their strong capabilities and client relationships, I am
confident that together we will be well-positioned for long-term success.”
The two transactions are expected to close in March 2009.
About Sidaronghe
Shenzhen Sidaronghe Co., Ltd. is a CMMI Level 3-certified software
service provider, specialized in serving domestic and international
tele-communications carriers and technology providers. Its major clients are
Huawei, China Mobile, and others. The company was founded in 2004,
headquartered in Shenzhen, with a second location in Nanjing, and total
employees of more than 300.
About the Services & Outsourcing unit of MDCL-Frontline
MDCL-Frontline is a China-based provider of application development and
IT services, certified at CMMI Level 3. The Services & Outsourcing unit of
MDCL-Frontline specializes in application development, maintenance and
infrastructure outsourcing, and has developed expertise in a wide range of
services, technologies and e-Business solutions. MDCL is located in mainland
China, Hong Kong and Taiwan, with total employees of approximately 200.
About iSoftStone
Founded in 2001, iSoftStone is a global provider of business consulting,
IT outsourcing, and business process outsourcing services to clients in the
United States, Europe, Japan, Korea, and China. Based in Beijing with offices
in key client geographies, iSoftStone provides a comprehensive end-to-end
service offering including on-shore client-facing business consulting, and
off-shore delivery of IT outsourcing and software product engineering
services. iSoftStone is certified CMMI Level 5, ISO9001 and ISO27001, and
focuses on key client industries including financial services,
telecommunications, high technology, energy & utilities, and transportation &
logistics. For more information, please visit www.isoftstone.com .
Press contact:
iSoftStone, China
Sophie Yang
Tel: +86-10-5874-9169
Email: jhyang@iSoftStone.com
iSoftStone, North America and Europe
Erik Ryan
Tel: +1-206-623-3725
Email: erikr@isoftstone.com
Source: iSoftStone Information Service Corporation
Press contact: iSoftStone, China, Sophie Yang, +86-10-5874-9169 , or jhyang at iSoftStone.com; or iSoftStone, North America and Europe, Erik Ryan, +1-206-623-3725, or erikr at isoftstone.com / Photo: NewsCom: https://www.newscom.com/cgi-bin/prnh/20070316/CNF016LOGO, PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
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