HiSoft Announces Shareholder Approval of Resolutions Relating to Proposed Merger with VanceInfo

  HiSoft Announces Shareholder Approval of Resolutions Relating to Proposed
                            Merger with VanceInfo

PR Newswire

BEIJING, Nov. 6, 2012

BEIJING, Nov. 6, 2012 /PRNewswire-FirstCall/ --HiSoft Technology
International Limited ("HiSoft" or the "Company") (NASDAQ: HSFT), a leading
China-based provider of outsourced information technology and research and
development services headquartered in Dalian, China, announced today that at
the extraordinary general meeting of the Company's shareholders (the "EGM")
held earlier today, shareholders voted to approve each of the proposed
resolutions in connection with the previously announced merger with VanceInfo
Technologies Inc. (NYSE: VIT). These proposals related to a consolidation of
the share capital of the Company, an increase in the authorized share capital
of the Company, the allotment and issuance of common shares of the Company,
the change of the Company's English name and adoption of a Chinese name, and
certain related amendments to the Company's memorandum and articles of
association.

Based on the final tabulation, over 99% of the common shares of the Company
present in person or by proxy at the EGM were voted "FOR" each of the
resolutions to consolidate the share capital of the Company, increase the
authorized share capital of the Company and allot and issue common shares of
the Company and, therefore, each of these resolutions was passed as an
ordinary resolution. Based on the final tabulation, over 99% of the common
shares of the Company present in person or by proxy at the EGM were voted
"FOR" each of the resolutions to change the Company's English name and adopt a
Chinese name and to amend the Company's memorandum and articles of association
and, therefore, each of these resolutions was passed as a special resolution.

Prior to the completion of the merger, the Company will effect its previously
announced 13.9482-to-1 share consolidation and adjustment to its American
depositary shares ("HiSoft ADS") pursuant to which each HiSoft ADS will
represent 1 HiSoft share. The parties expect to complete the merger as soon
as practicable. The completion of the merger is subject to the satisfaction
or waiver of the conditions set forth in the merger agreement with VanceInfo.
As a result of the merger, VanceInfo's American depositary shares will no
longer be listed on the New York Stock Exchange. Upon completion of the
merger, the combined entity will be named "Pactera Technology International
Ltd." in English with its American depositary shares listed on the NASDAQ
Global Select Market under the ticker symbol of "PACT".

About HiSoft Technology International Limited

HiSoft Technology International Limited (NASDAQ: HSFT) is a leading
China-based provider of outsourced information technology and research and
development services headquartered in Dalian, China. HiSoft provides its
services to leading companies around the world through a combination of
onshore and offshore delivery capabilities. HiSoft leverages its skilled
technology specialists and client-centric delivery centers to offer customers
reliable and high-quality technology solutions.

For more information about HiSoft, please visit http://www.hisoft.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates,"
"target," "going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market and
operating conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult to predict
and many of which are beyond HiSoft's control, which may cause HiSoft's actual
results, performance or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and other
risks, uncertainties or factors is included in HiSoft's filings with the U.S.
Securities and Exchange Commission. HiSoft does not undertake any obligation
to update any forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.

IMPORTANT INFORMATION FOR INVESTORS

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval.In
connection with the proposed transaction, HiSoft has filed with the Securities
and Exchange Commission ("SEC") a registration statement on FormF-4
(Registration File No.333-183688) that includes a definitive joint proxy
statement of VanceInfo and HiSoft and constitutes a prospectus of
HiSoft.HiSoft and VanceInfo may also plan to file other documents with the
SEC regarding the proposed transaction.The definitive joint proxy
statement/prospectus was first mailed to shareholders and holders of American
depositary receipts of HiSoft and VanceInfo on or about October5, 2012.
HISOFT AND VANCEINFO URGE INVESTORS AND SECURITY HOLDERS TO READ THE
DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED
OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION.

Investors and shareholders may obtain free copies of the definitive joint
proxy statement/prospectus and other documents containing important
information about HiSoft and VanceInfo, once such documents are filed with the
SEC, through the website maintained by the SEC at www.sec.gov.

For investor and media inquiries please contact:

Ross Warner
HiSoft Technology International Limited
Tel: +86-10-5987-5865
Email: investor_relations@hisoft.com

SOURCE HiSoft Technology International Limited

Website: http://www.hisoft.com
 
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