Pactera Technology International Ltd. Announces Share Repurchase Plan

    Pactera Technology International Ltd. Announces Share Repurchase Plan

PR Newswire

BEIJING, Dec. 21, 2012

BEIJING, Dec. 21, 2012 /PRNewswire/ --Pactera Technology International Ltd.
("Pactera" or the "Company") (NASDAQ: PACT), a global consulting and
technology services provider strategically headquartered in China, today
announced that its Board of Directors has approved a share repurchase program.
Under the program, Pactera has been authorized, but is not obligated, to
repurchase up to $30 million worth of outstanding American Depositary Shares
(the "ADSs") representing the common shares of Pactera from time to time over
the next 12 months, depending on market conditions, share price and other
factors, as well as subject to the relevant rules under US securities
regulations.

(Logo: http://www.prnasia.com/sa/2012/11/12/20121112095340411018.jpg)

The share repurchase program will be funded by the Company's existing working
capital. As of November 9, 2012, the Company had 90,714,455 common shares
issued and outstanding, including 4,323,506 ADSs outstanding and reserved for
future ADS conversion of the employee stock options and restricted stock
units.

About Pactera

Pactera Technology International Ltd. (NASDAQ: PACT), formed by a merger of
equals between HiSoft Technology International Limited and VanceInfo
Technologies Inc., is a global consulting and technology services provider
strategically headquartered in China. Pactera provides world-class Business /
IT consulting, solutions, and outsourcing services to a wide range of leading
multinational firms through a globally integrated network of onsite and
offsite delivery locations in China, the United States, Europe, Australia,
Japan, Singapore and Malaysia. Pactera's comprehensive services include
business and technology advisory, enterprise application services, business
intelligence, application development & maintenance, mobility, cloud
computing, infrastructure management, software product engineering &
globalization, and business process outsourcing.

For more information about Pactera, please visit www.pactera.com.

Safe Harbor Statement

This news 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 Pactera's control, which may cause Pactera's
actual results, performance or achievements to differ materially from those in
the forward-looking statements. Potential risks and uncertainties include, but
are not limited to, the Company's dependence on a limited number of clients
for a significant portion of its revenues, uncertainty relating to its
clients' forming or plan to form joint venture with the Company's clients, the
economic slowdown in its principal geographic markets, the quality and
portfolio of its service lines and industry expertise, and the availability of
a large talent pool in China and inflation of qualified professionals' wages,
as well as the PRC government's investment in infrastructure construction and
adoption of various incentives in the IT service industry. Further information
regarding these and other risks, uncertainties or factors is included in
Pactera's filings with the U.S. Securities and Exchange Commission. All
information provided in this news release is as of the date of this news
release, and Pactera 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.

For investor and media inquiries, please contact:

Sheryl Zhang
Investor Relations
Pactera Technology International Ltd.
Tel: +86-10-8282-5330
E-mail: ir@pactera.com

SOURCE Pactera Technology International Ltd.

Website: http://www.pactera.com
 
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