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 Tracking 1259 U.S. listed China Stocks and Counting...
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 Isoftstone Holdings (NYSE:ISS)

Monday, June 25, 2012

BEIJING, June 25, 2012 /PRNewswire-Asia/ -- iSoftStone Holdings Limited ("iSoftStone," NYSE: ISS), a leading China-based IT services provider, today announced that it has completed a definitive agreement to acquire Abovenet International Inc. ("Abovenet International"), a business intelligence ("BI") and data management services provider based in Toronto, Canada. The acquisition is expected to further strengthen iSoftStone's strategy and capabilities in business intelligence and big data.

Mr. T.W. Liu, Chairman and CEO of iSoftStone, said, "This acquisition will boost our already extensive business intelligence and data services with more advanced capability and greater geography coverage. We are looking forward to working closely with our new colleagues to deliver more value-added BI and data services to our clients around the world."

Mr. Pneuma Lin, Founder and CEO of Abovenet International, said, "We are excited to be part of iSoftStone. By combining our strengths with iSoftStone's vertical domain knowledge, technical capabilities, and global presence, we expect to offer more and better services to our clients and help strengthen iSoftStone's leading position in greater China and the global market."

The acquisition is subject to closing conditions. The terms of the agreement were not disclosed


Wednesday, April 11, 2012

BEIJING, April 11, 2012 /PRNewswire-Asia / -- iSoftStone Holdings Limited ("iSoftStone" or the "Company" , NYSE: ISS), a leading China-based IT services provider, today announced that, Beijing Guodian Ruantong Technology Co., Ltd. ("Guodian"), a subsidiary of iSoftStone, has acquired all of the assets, customer base and business of Nanjing Jiangchen Science & Technology Co., Ltd. ("Jiangchen"), a geographic information systems ("GIS") and smart grid software and solutions provider based in Nanjing, China.

The acquisition should broaden iSoftStone's industry coverage by adding power distribution to its existing electric power generation IT services business. Jiangchen helps China's top power distributors by applying its proprietary software products in GIS, smart grid systems, and energy saving services. Jiangchen is expected to enhance iSoftStone's energy industry solution portfolio to help major power distributors gain better insights into their business, and enhance customer satisfaction.

Mr. T.W. Liu, iSoftStone's Chairman & Chief Executive Officer, said, "The power industry favors larger IT solution providers with broad, deep, and integrated domain knowledge in both energy generation and distribution. This acquisition will broaden our array of IT capabilities in the energy vertical. We can now help major electric power distributors address their challenges and seize new opportunities."


Thursday, August 4, 2011

BEIJING and NEW YORK, August 4, 2011 /PRNewswire-Asia/ -- iSoftStone Holdings Limited ("iSoftStone" or the "Company") (NYSE: ISS), a leading China-based IT services provider, today announced that it has completed the acquisition of Adventier Consulting Group, Inc., a U.S.-based ERP consulting services company that provides enterprise resource planning ("ERP") consulting services and solutions to many Fortune 500 companies. With the addition of Adventier, iSoftStone is expected to enhance further its end-to-end service offerings, including ERP consulting and delivery capabilities, to both its global and Chinese clients.

Mr. T.W. Liu, iSoftStone's Chairman & Chief Executive Officer, said, "We are very pleased to welcome Adventier to our company. By leveraging Adventier's leadership team and expertise, iSoftStone is expected to quickly expand our ERP consulting and delivery capabilities in both China, the U.S., and in global markets. We look forward to working closely with our new colleagues from Adventier to jointly deliver increasing value to our clients."

Mr. Eric Kang, Adventier's Founder and Chief Executive Officer, said, "We are excited to be part of iSoftStone. Adventier is looking forward to enhancing our service and solution capabilities and further solidifying iSoftStone's leading position in greater China and the global market."