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VanceInfo Technologies Named to the 2009 Global Outsourcing 100 List

Posted on: Monday, 23 March 2009, 07:00 CDT

BEIJING, March 23 /PRNewswire-Asia/ -- VanceInfo Technologies Inc. (NYSE: VIT) ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, today announced that it has been recognized on the 2009 Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP). This is the second year VanceInfo has made the annual Global Outsourcing 100 list.

The International Association of Outsourcing Professionals(TM) (IAOP(TM)) is in its fourth year of compiling its annual ranking of the world's best outsourcing service providers and advisors -- The Global Outsourcing 100. The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession.

"Each year the competition to be named to the top 100 companies continues to reach higher levels, as the outsourcing industry continues to grow and mature in many markets. This year, the judges evaluated the most diverse set of applicants we've ever had, with ongoing strong interest from Asia-Pacific and Europe," said Jagdish Dalal, Managing Director, Thought Leadership, IAOP and chairman of the judges' panel. "Getting named to The Global Outsourcing 100 is a great recognition, particularly given the strong competition, and these companies should be proud of achieving excellence in the field."

Chris Chen, Chairman and Chief Executive Officer of VanceInfo, commented, "We are pleased to be included on the 2009 Global Outsourcing 100 list again, which recognizes us as one of the most highly regarded service providers in the industry. VanceInfo will continue to focus on enhancing our delivery capabilities and improving operational excellence in order to better serve our clients."

About VanceInfo

VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.

The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation, or IDC, a leading independent market research firm.

VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.

Safe Harbor

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. 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, the economic slowdown in its principal geographic markets, the quality and portfolio of its services lines and industry expertise, and the availability of a large talent pool in China and supply of qualified professionals, 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 is included in VanceInfo's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release and in the attachments is as of March 23, 2009, and VanceInfo 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.

SOURCE VanceInfo Technologies Inc.

Source: PR Newswire

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