iSoftStone Holdings Limited ("iSoftStone," NYSE: ISS), a leading China-based IT services provider, today announced that it will establish a sales and delivery center in the city of Chengdu in western China.
iSoftStone was attracted to Chengdu for the Company’s new IT center by the relatively low cost of operations in the region, the ample supply of high-quality IT professionals, favorable government policies, and good infrastructure. The new center will incorporate iSoftStone’s global outsourcing delivery model and training platforms to provide high-quality services at cost-effective prices for its clients in both China and other countries around the world. The new center will also provide a base for sales and business development in western China.
About iSoftStone Holdings Limited
Founded in 2001, iSoftStone is a leading China-based IT services provider serving both greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions including consulting & solutions, IT services, and business process outsourcing services. The company focuses on industry verticals that include technology, communications, banking, financial services, insurance, energy, transportation, and public sectors. iSoftStone was certified CMMI Level 5 in 2006 and is certified ISO 9001 and ISO 27001.
iSoftStone’s American depositary shares began trading on the New York Stock Exchange on December 14, 2010.
Safe Harbor Statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include those related to the anticipated timing for opening, and benefits of its planned facility in Chengdu, China and the planned services to be delivered from the facility.
These forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Among other factors, we may be unable to successfully open the planned facility on a timely basis, realize the anticipated benefits of the facility, or attract and retain qualified professionals at the planned facility. In addition, other risks and uncertainties that could cause our actual results to differ from what we currently anticipate include: our ability to effectively manage our rapid growth; intense competition from China-based and international IT services companies; our ability to attract and retain sufficiently trained professionals to support our operations; and our ability to anticipate and develop new services and enhance existing services to keep pace with rapid changes in technology and in our selected industries.