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VanceInfo Announces IT Services Engagement with Cambodian Telecom Firm

March 29, 2010

BEIJING, March 29 /PRNewswire-Asia/ — VanceInfo Technologies Inc.
(NYSE: VIT) (“VanceInfo”) (the “Company”), an IT service provider and one of
the leading offshore software development companies in China, today announced
an agreement to provide a comprehensive telecommunications back-end management
system for Chuan Wei (Cambodia) Company Ltd. (“Chuan Wei”), a provider of
cutting-edge broadband services in Southeast Asia. The agreement, signed at a
ceremony in Phnom Penh by David Chen, President of VanceInfo, and Chuan Wei’s Chairman and CEO, Alan Khov, comes following a rigorous global vendor search
and evaluation by Chuan Wei.

Chuan Wei offers corporate communications services in Cambodia through a
nationwide fiber-optic network and is planning to introduce wireless broadband
services. “ Chuan Wei will play a leading role in establishing world-class
broadband and ICT infrastructure in Cambodia, so we can afford to work with
nothing less than world-class IT services companies having expertise in the
telecom space,” said Mr. Khov. “Our goal is an integrated solution to handle
not only our business and operational support systems (B/OSS), but also
billing and customer-relationship management. VanceInfo’s software will
underpin a new, higher-quality breed of Internet services in Cambodia.”
Although Internet usage in the country of 15 million people has nearly doubled
the past five years, the overall penetration rate is at less than 1 percent of
the population. Chuan Wei expects a surge in demand when affordable wireless
broadband services become more widely available.

“We are pleased to be selected by Chuan Wei to develop and implement an
end-to-end solution for their telecom needs, and excited to help Cambodia
advance in the field of information and communications technology,” added Mr.
Chen. “Our strong IT service offerings in the telecom space allow us to
provide a solution that is customized to their specific business, technical
and geographic requirements. As with all our clients, we are committed to
delivering first-class IT services to Chuan Wei that support an expected rapid
expansion of business in the emerging Cambodian telecom marketplace.”

VanceInfo performs IT services across multiple geographies including Asia
Pacific
, the Americas, and Europe for many Fortune 500 clients including
leading telecom carriers in mainland China and Hong Kong as well as prominent
technology firms such as Microsoft and IBM. The engagement with Chuan Wei in
Cambodia sets a new milestone for the Company’s strategic business expansion
in the South East Asia region.

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
2008 revenues, according to International Data Corporation.

VanceInfo’s comprehensive range of IT services includes research &
development services, enterprise consulting & 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.

About Chuan Wei

Chuan Wei (Cambodia) Co. Ltd. is the country’s fastest-growing broadband
communications provider. Established in June 2008, the company operates a
nationwide fiber-optic network and has launched corporate services such as
dedicated Internet access, IP transit, private leased circuits (domestic and
international), and co-location. It plans to roll out wireless broadband
services for the mass market nationwide later this year.

Chuan Wei is rooted in one of Cambodia’s most diversified business groups
with interests across a wide spectrum of sectors including banking, property
development, construction, hospitality, garment, and cement manufacturing.

Safe Harbor

This news 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. Among
other things, the management’s quotations contain forward-looking 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. All information provided in this news
release and in the attachments is as of March 30, 2010, 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: newswire



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