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IOAP East China October Chapter Event

hiSoft Moves To Top 35 in IAOP's Annual Ranking of Global Outsourcing 100

(Beijing China, April 23, 2007) hiSoft Technology International Ltd has recently been ranked number 34th for 2006 according to The International Association of Outsourcing Professionals (IAOP) Annual Ranking of Global Outsourcing 100, moving up over 30 spots (from number 68th in 2005).  hiSoft was recognized primarily for its expanding size and rapid corporate growth and is only one of two China-based IT outsourcing providers to make the top 35.  IBM, Capgemini, and Hewlett-Packard were ranked in the top three.

The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery, based on four criteria: size and growth, customer references, organizational competencies, and management capabilities.  The recognition is further evidence of hiSoft’s leadership position as the largest and fastest growing “pure play” ITO provider based in China as well as its presence as a major global player. hiSoft’s growth and critical mass continues to provide major Fortune 500 global clients with world class IT outsourcing and off-shoring services. 

China is expected to be the next ITO giant who has already attracted tremendous attention from US and Europe.  hiSoft continues to build the platform to lead this China ITO wave.
 
IOAP was formed in 2005 which has a membership of about 250 organizations and 38,000 individuals. The Global Outsourcing 100, produced annually by the IAOP, is devoted to featuring the best of today's leading outsourcing service providers and tomorrow's rising stars. 

Clients Testimonials
"Our partnership with China Outsource Pro to build and host a scalable solution has been instrumental."
- Vice President, Invista

"We've found savings with China Outsource Pro in China are a five-to-one ratio. In India, it's three-to-one."
- SVP, CommerceQuest

"Wages are rising 15% a year as call centers and software firms throw money at the increasingly shallow pool of youngsters who can hit the ground running. Consulting firm McKinsey & Co. says India's information technology industry could face a deficit of 500,000 workers as soon as 2010."
- Wall Street Journal

"The largest competitive advantage will lie with those companies that move soonest. Companies that wait will be caught in a vicious cycle of uncompetitive costs, lost business, underutilized capacity and the irreversible destruction of value...Their question is not 'Why Outsource?' .... but 'Why not?' "
- Boston Consulting Group

"China has a significant cost advantage with 'up to 30% annual increase in IT wages in India.' "
- Wall Street Journal

"Wage inflation will result from low labor supply. India has 'geopolitical risk which requires diversification.' "
- McKinsey

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