BEIJING, Dec. 27, 2013 /PRNewswire/ -- Pactera Technology International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a global consulting and technology services provider headquartered in China, announced today that it has entered into several agreements (the "Transfer Agreements") with ChinaSoft International Limited (SEHK: 354) ("ChinaSoft") and its affiliates under which the Company will sell and transfer certain of its outsourcing business with Huawei, the Company's major telecom client, (the "Huawei Outsourcing Business to Transfer") to ChinaSoft and its affiliates.
In accordance with the Transfer Agreements, the Company and its affiliates will sell, and ChinaSoft and its affiliates will purchase the Huawei Outsourcing Business to Transfer, including relevant business contracts, and the Company and its affiliates will procure the transfer of relevant project teams. In addition, the Company and its affiliates will transfer to ChinaSoft and its affiliates certain assets and leases in connection with the Huawei Outsourcing Business to Transfer.
The closing of the transactions contemplated by the Transfer Agreements is expected to occur in the first quarter of 2014.About Pactera Pactera provides world-class business and IT consulting, solutions, and outsourcing services to a wide range of leading multinational firms through a globally integrated network of onsite and offsite delivery locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services include business and technology advisory, enterprise application services, big data analytics, application development & maintenance, mobility, cloud computing, infrastructure management, software product engineering & globalization, and business process outsourcing. For more information, visit www.pactera.com. For investor and media inquiries, please contact: Tracy ZhouInvestor RelationsPactera Technology International Ltd.Tel: +86-10-5987-5138E-mail: firstname.lastname@example.org SOURCE Pactera Technology International Ltd.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV