HiSoft Technology International Limited was a multinational information technology and business process

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 headquartered in

Dalian Dalian ( ) is a major sub-provincial port city in Liaoning province, People's Republic of China, and is Liaoning's second largest city (after the provincial capital Shenyang) and the third-most populous city of Northeast China (after Shenyang ...

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 ...

. Founded in 1996, HiSoft was listed on the

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 ...

public exchange in 2010. In November 2012, the company merged with China-based IT outsourcing industry peer VanceInfo to form Pactera.

History

HiSoft was founded in 1996 as Dalian Haihui Sci-Tech Co., Ltd. In 2002, the company established a Japan-based subsidiary, Haihui Sci-Tech Japan Co., Ltd., later renamed HiSoft Japan Co., Ltd. In 2004, HiSoft Technology International Limited, a

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

holding company had been formed with other units as wholly owned subsidiaries. They received venture capital funding from investors including

Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth continues to be managed by co-founder John Fisher and co-founders Mark Ba ...

ePlanet Ventures, GGV Capital, GE Commercial Finance,

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

Intel Capital Intel Capital Corporation started off as the investment arm of Intel Corporation in 1991 and in January 2025, it spun off as a standalone investment fund. Intel Capital makes equity investments in a range of technology startups and companies off ...

JAFCO Asia, Mitsubishi UFJ Securities, and

Sumitomo Corporation is one of the largest worldwide '' sōgō shōsha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchange ...

Equity Asia Limited. With their

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

of $64–$74 million in American depositary shares on June 30, 2010, HiSoft became the 144th Chinese company to be listed on the

public exchange. In July 2011, hiSoft acquired NouvEON Technology Partners, based in

Charlotte, North Carolina Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina and the county seat of Mecklenburg County, North Carolina, Mecklenburg County. The population was 874,579 at the 2020 United ...

. HiSoft acquired

BearingPoint BearingPoint (parent company: BearingPoint Europe Holdings B.V.) is a multinational management and technology consulting firm headquartered in Amsterdam, Netherlands. It has operations in 24 countries with around 6,200 employees. The firm origi ...

Australia for an undisclosed sum in July 2012.

Operations

HiSoft delivered software development, globalization, testing, and maintenance services to customers in the Americas, Europe and Asia, with focus on

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

firms in the telecommunication, software, financial services, pharmaceutical and manufacturing sectors. For 2009, the company reported approximately 35% of HiSoft's clients were Fortune 500, representing over 55% of revenue. They also reported 60% of their clients from US and Europe, 30% from Japan, and 10% from China. HiSoft's workforce grew from about 3000 at the end of 2007 to over 5000 in September 2010. HiSoft was the only Chinese company included on the 2010 Global Outsourcing 100 list of the International Association of Outsourcing Professionals, (in the list since its inception in 2006) and was in the top ten leaders in China and Japan. In addition to acquiring Envisage, Ensemble International and Teksen Systems, hiSoft established operations in the US, Singapore and Japan through acquisitions, partnerships and joint ventures.

References

External links

hiSoft Official Website (English)
{{DEFAULTSORT:Hisoft Technology International Online companies of China Companies based in Dalian Software companies established in 1996 Software companies of China Companies formerly listed on the Nasdaq 1996 establishments in China Chinese brands

History

Operations

See also

References

External links