August 26, 2016 10:15 AM ET

IT Services

Company Overview of Pactera Technology International Ltd.

Company Overview

Pactera Technology International Ltd., through its subsidiaries, provides consulting and technology services in the People’s Republic of China. It offers IT consulting, research and development, and business process outsourcing services to a range of multinational firms through an integrated network of onsite and offsite delivery locations in Greater China, the United States, Japan, Europe, Singapore, Australia, Malaysia, Indonesia, and Mauritius. The company’s IT services include consulting and packaged software services; and application development, testing, and maintenance services for custom applications. Its research and development services comprise software and hardware testing, as we...

Building C-4, No.66

Xixiaokou Road

Haidian District

Beijing,  100192

China

Founded in 1996

22,068 Employees

Phone:

86 10 5987 5000

Fax:

86 10 5987 5050

Key Executives for Pactera Technology International Ltd.

Chief Executive Officer and Director
Age: 58
President
Age: 47
Interim Chief Financial Officer, Senior Vice President and Corporate Controller
Age: 37
Chief Operating Officer of North American Business and President of North American Business
Chief Information Officer and Senior Vice President
Compensation as of Fiscal Year 2016.

Pactera Technology International Ltd. Key Developments

Pactera Technology International Launches Innoveo Skye Insurance Innovation Suite Solution for Combined Insurance

Pactera Technology International Ltd. (Pactera) announced the launch of its Innoveo Skye® Insurance Innovation Suite with Glenview, IL-based Combined Insurance. Innoveo Skye® (www.innoveo.com) is a multi-channel web-based software that enhances the way insurance companies bring products to market with dynamic configuration of insurance products, processes and distribution channels. Combined Insurance is a leading provider of supplemental accident, disability, health and life insurance products, and is a Chubb company. Innoveo Skye®'s multifaceted technology suite accelerates insurance product launch cycles, facilitates speed to market, and greatly diminishes ongoing legacy system maintenance costs through its unique core system unification functionality. The powerful Innoveo Skye®Business Canvas allows insurance companies to streamline both new product development and maintenance. Furthermore, the Innoveo Skye® solution expands product delivery options by offering its omni-channel digital capabilities and improved agent and consumer user experience. With the North American launch of Innoveo Skye® last year, the product now supports a wide array of coverages ranging from supplemental life and health (as enabled for Combined Insurance), Business Owner's Policies (BOP) to commercial P&C. At Combined Insurance, Innoveo Skye® enabled web-based quoting and enrollment for six of their products for their independent broker channel in the United States. These products include Accident, Sickpay Plus and Medicare Supplement and are in high demand by brokers seeking to offer high quality products to supplement standard coverage for the customers that depend upon them. Innoveo has a proven track record of shortening the new product rollout cycle from months to days. Innoveo Skye® offers its solution via the cloud or as an onsite hosted product.

Blackstone Shops Pactera to Potential Buyers

The Blackstone Group L.P. (NYSE:BX) is shopping Pactera Technology International Ltd., for up to $1 billion, according to people familiar with the situation. Blackstone has hired Morgan Stanley to run a sale process for the company after receiving unsolicited expressions of interest from buyers, they said. The sale process is still in an early stage and it could take several months before a deal is reached. Potential buyers for Pactera could pay between $800 million and $1 billion for the company and include a range of financial or industry buyers, according to the people familiar with the situation. Some of those potential buyers may want to list the company domestically or merge Pactera with an already domestically-listed Chinese companies, they said.

Pactera Technology International Ltd. Announces the Launch of Innoveo Skye Solution in North America

Pactera Technology International Ltd. announced the launch of its Innoveo Skye solution in North America. Innoveo Skye is a multi-channel web-based software that enhances the way that insurance companies bring products to market with dynamic configuration of insurance products, processes and distribution channels. Innoveo Skye's multifaceted technology suite accelerates insurance product launch cycles, facilitates speed to market, and greatly diminishes ongoing legacy system maintenance costs through its unique core system unification functionality. Using Innoveo Skye's powerful editor and configuration tool, insurance companies are able to streamline both new product development and maintenance. Furthermore, the solution expands product delivery options by offering its omni-channel digital capabilities and improved agent and consumer user experience. With the North American launch of Innoveo Skye, the product now supports a wide array of coverages ranging from Business Owner's Policies (BOP) to supplemental life and health products including accident and short term disability. In total, Innoveo currently supports 16 different lines of business in production. The solution facilitates all digital distribution methodologies including B2B, B2B2C and B2C, allowing carriers to quickly enable sales platforms across the country with consumer-friendly and carrier-compliant sales experiences, while maintaining internal control at all times. Innoveo Skye offers its solution through the cloud or as an onsite hosted product.

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