Pactera Ranks Number One Service Provider for Citigroup Software Technology
Services in China
BEIJING, Feb. 4, 2013
BEIJING, Feb. 4, 2013 /PRNewswire/ --Pactera Technology International Ltd.
(NASDAQ: PACT), a global consulting and technology services provider
strategically headquartered in China, today announced that the company has
been ranked number one by Citigroup Software Technology & Service China (CSTS
China) in its most recent ranking of IT services vendors.
While Pactera has provided comprehensive IT services to CSTS China since 2005,
2012 marks the first year Pactera ranked first place for all four consecutive
quarters. In the fourth quarter of 2012, Pactera scored in the top spot for
all five ranking criteria, cementing the company's position as a key strategic
partner of CSTS China in China. The ranking criteria compose CSTS China's
vendor management best practices to guarantee high service levels in the areas
of delivery quality, work processes, compliance with relevant laws and
regulations, billing processes, and attrition rates.
Pactera's service relationship with CSTS China allows the global financial
services client with operations in more than 100 countries to focus on core
processes. Pactera's initial scope of engagement grew quickly from pilot
projects to a core banking system testing engagement requiring deep financial
industry domain expertise. With services provided from dedicated Pactera
off-site development centers in China as well as on-site at client facilities,
the value-add of Pactera's services has increased substantially over time.
Pactera is now CSTS China's primary provider of core banking testing services,
leveraging a 23,000-strong global workforce for rapid scalability, industry
leading information security practices, and quality service delivery.
Speaking soon after CSTS China revealed the vendor rankings for 2012,
Pactera's account executive for CSTS, Siewmeng Wong, commented on the
company's transition from service provider to key partner: "What makes Pactera
so successful is our passion and our team structure. Our professionals know
their counterparts at Citi well and are excited about new projects and
challenges because we have an opportunity to work with such a well-known
financial firm. But what really sets us apart is our people. We have an
excellent team structure staffed by a 'dream team' of engineers and system
David Chen, President of Pactera, stated: "Our clients hold strong
expectations for us to deliver on our promise to provide unparalleled service
quality following the merger between VanceInfo and hiSoft in late 2012 that
created Pactera. Both firms were Citigroup service providers at the time, but
the excellent performance of the Pactera CSTS China delivery team has
demonstrated that not only will there be no interruption of service for our
clients, but that we also are beginning to realize synergies from the merger.
We will continue striving to provide top service and maintain our hard-earned
spot as a key partner for Citi in years to come."
Pactera, formerly HiSoft Technology International Limited (NASDAQ: HSFT), is a
global consulting and technology services provider strategically headquartered
in China. Pactera provides world-class business and 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
For more information about Pactera, please visit www.pactera.com
This announcement contains forward-looking statements made under the "safe
harbor" provisions of Section 21E of the Exchange Act. These forward-looking
statements can be identified by terminology such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or
other similar expressions. Pactera and VanceInfo may also make written or oral
forward-looking statements in its reports filed or furnished with the SEC, in
press releases and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that are not
historical facts, including statements about Pactera's or VanceInfo's beliefs
and expectations, are forward-looking statements and are subject to change.
Forward-looking statements involve inherent risks and uncertainties. A number
of important factors could cause actual results to differ materially from
those contained, either expressly or impliedly, in any of the forward-looking
statements in this press release. These factors include the risk factors
detailed in Pactera's and VanceInfo's filings with the SEC. All information
provided in this press release is current as of the date of this press
release, and neither Pactera nor VanceInfo undertakes any obligation to update
any such information, except as required under applicable law.
SOURCE Pactera Technology International Ltd.
Contact: Weiwei Gu, Media Relations, Pactera Technology International Ltd.,
+86-10-5987-5805, firstname.lastname@example.org; Sheryl Zhang, Investor Relations,
Pactera Technology International Ltd., +86-10-8282-5330, email@example.com
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