BEIJING, June 1, 2011 /PRNewswire-Asia-FirstCall/ -- HiSoft Technology International Limited, ("HiSoft" or the "Company") (NASDAQ: HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, today announced the appointment of Dr. Pehong Chen as an independent director to the Company's board of directors, effective June 1, 2011.
Dr. Pehong Chen is the founder, chairman, president and chief executive officer of BroadVision, Inc. (NASDAQ: BVSN), an innovative provider of online commerce and business social networking solutions with offices and operations in more than 20 cities around the world. During the past eight years Dr. Chen served at BroadVision, the company has helped thousands of organizations around the globe to enable mission-critical web initiatives and to grow profitably by improving online business processes through invited participation and social interaction. Prior to starting BroadVision, Dr. Chen was vice president of multimedia technology at Sybase, a leading supplier of database software, and was responsible for the company's interactive initiatives. In 1992, Sybase acquired Gain Technology, which was founded and led by Dr. Chen. He presently serves on the board of directors for SINA Corporation (NASDAQ: SINA) and Fortinet (NASDAQ: FTNT).
Dr. Chen currently serves as a vice chairman of the Committee of 100, a non-profit organization dedicated to improving mutual understanding between the United States and China through dialogue and cooperation. He is also an adviser to the College of Engineering, University of California at Berkeley. Dr. Chen obtained his PhD from Berkeley, his MS from Indiana University, and his BS from National Taiwan University, all in computer science.
"On behalf of our board of directors, I would like to welcome Dr. Chen as our newest board member," said HiSoft Chief Executive Officer Mr. Tiak Koon Loh. "Having personally started and managed two successful start-up software companies, Dr. Chen has a wealth of industry experience that I believe will prove invaluable as HiSoft enters its next stage of growth as a public company."Forward-looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. HiSoft cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the HiSoft's filings with the Securities and Exchange Commission. Forward-looking statements contained herein speak only as of the date of this release. HiSoft does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.