Pactera Technology International Ltd., () is an IT

consulting A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...

and

outsourcing Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another ...

company with corporate headquarters in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, and regional headquarters in North America, Europe, and Asia Pacific. The service areas of the company are in technology, telecom, finance, insurance, energy, travel, manufacturing, retail and logistics.

History

The company was formed in November 2012 through a merger between China-based IT services firms

HiSoft HiSoft Technology International Limited was a multinational information technology and business process outsourcing company headquartered in Dalian, China. Founded in 1996, HiSoft was listed on the NASDAQ public exchange in 2010. In November 2 ...

and VanceInfo, creating a major IT consulting and technology services BKL (Basic Knowledge Language) provider with corporate headquarters located in China and over 23,000 employees at time of merger. Pactera was subsequently acquired by a consortium led by the

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

and was delisted from

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

from 28 March 2014. On 13 January 2016, Pactera announced its acquisition of Blue Fountain Media (BFM), a New York-based digital agency specializing in growing brands online through custom website design, results-driven

digital marketing Digital marketing is the component of marketing that uses the Internet and online-based Information technology, digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and service ...

and mobile application development for both B2B and B2C companies across all industries spanning start-up to enterprise. On 21 July 2016, Pactera announced its launch of "Moonshot by Pactera Digital," a digital innovation outpost located in 1871, Chicago's premier technology hub. On 22 Aug. 2016, Pactera announced that Blackstone Group L.P. and other shareholders of Pactera have entered into a share purchase agreement with HNA EcoTech Group Co. Ltd., an affiliate of

HNA Group HNA Group Co., Ltd., was a Chinese conglomerate (company), conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and ...

, for the sale of almost all the issued and outstanding shares. On 19 January 2020, the Hong Kong subsidiary of China Electronics Corporation acquired Pactera. However, the US Business was not included in the sale, and the Pactera EDGE business unit (U.S. based) of Pactera was spun off as a separate company. While Pactera Technology International, Ltd. and Pactera EDGE are two separate companies, Pactera Technology International, Ltd. authorized the use of its trademark "Pactera" to Pactera EDGE. Pactera EDGE is owned by its management team.

References

External links

Official Website
{{IT consulting and outsourcing companies of China Companies formerly listed on the Nasdaq Companies based in Beijing Business process outsourcing companies Outsourcing companies Chinese companies established in 2012 Chinese brands 2014 mergers and acquisitions

History

See also

References

External links