# HiSoft > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/HiSoft > Markdown URL: https://mediated.wiki/source/HiSoft.md > Source: https://en.wikipedia.org/wiki/HiSoft > Source revision: 1356585534 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) Not to be confused with [HiSoft Systems](/source/HiSoft_Systems). This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Find sources: "HiSoft" – news · newspapers · books · scholar · JSTOR (August 2010) (Learn how and when to remove this message) HiSoft Technology International Limited Type Public Traded as SEHK: 992; Nasdaq: HSFT Industry IT Outsourcing Founded November 1996; 29 years ago (1996-11) Key people Cheng-Yaw Sun (chairman) Tiak Koon Loh (CEO) Website www.hisoft.com **HiSoft Technology International Limited** was a [multinational](/source/Multinational_corporation) information technology and business process [outsourcing](/source/Outsourcing) company headquartered in [Dalian](/source/Dalian), [China](/source/China). Founded in 1996, HiSoft was listed on the [NASDAQ](/source/NASDAQ) public exchange in 2010.[1] In November 2012, the company merged with China-based IT outsourcing industry peer [VanceInfo](/source/VanceInfo) to form [Pactera](/source/Pactera). ## History HiSoft was founded in 1996 as **Dalian Haihui Sci-Tech Co., Ltd.** In 2002, the company established a Japan-based subsidiary, Haihui Sci-Tech Japan Co., Ltd., later renamed HiSoft Japan Co., Ltd. In 2004, HiSoft Technology International Limited, a [Cayman Islands](/source/Cayman_Islands) holding company had been formed with other units as wholly owned subsidiaries.[2] They received venture capital funding from investors including [Draper Fisher Jurvetson](/source/Draper_Fisher_Jurvetson) ePlanet Ventures, [GGV Capital](/source/GGV_Capital), GE Commercial Finance, [International Finance Corporation](/source/International_Finance_Corporation), [Intel Capital](/source/Intel_Capital) [JAFCO Asia](/source/JAFCO_Asia), Mitsubishi UFJ Securities, and [Sumitomo Corporation](/source/Sumitomo_Corporation) Equity Asia Limited.[3] With their [initial public offering](/source/Initial_public_offering) of $64–$74 million in [American depositary shares](/source/American_depositary_shares) on June 30, 2010, HiSoft became the 144th Chinese company to be listed on the [NASDAQ](/source/NASDAQ) public exchange.[1][4] In July 2011, hiSoft acquired NouvEON Technology Partners, based in [Charlotte, North Carolina](/source/Charlotte%2C_North_Carolina).[5] HiSoft acquired [BearingPoint](/source/BearingPoint) Australia for an undisclosed sum in July 2012.[6] ## Operations HiSoft delivered software development, globalization, testing, and maintenance services to customers in the Americas, Europe and Asia, with focus on [Fortune 500](/source/Fortune_500) firms in the telecommunication, software, financial services, pharmaceutical and manufacturing sectors. For 2009, the company reported approximately 35% of HiSoft's clients were Fortune 500, representing over 55% of revenue. They also reported 60% of their clients from US and Europe, 30% from Japan, and 10% from China.[2] HiSoft's workforce grew from about 3000 at the end of 2007 to over 5000 in September 2010.[7] HiSoft was the only Chinese company included on the 2010 Global Outsourcing 100 list of the International Association of Outsourcing Professionals,[8] (in the list since its inception in 2006) and was in the top ten leaders in China and Japan.[9] In addition to acquiring Envisage, Ensemble International and Teksen Systems, hiSoft established operations in the US, Singapore and Japan through acquisitions, partnerships and joint ventures. ## See also - [Software industry in China](/source/Software_industry_in_China) - [China Software Industry Association](/source/China_Software_Industry_Association) - [Dalian Software Park](/source/Dalian_Software_Park) ## References 1. ^ [***a***](#cite_ref-nasdaq_1-0) [***b***](#cite_ref-nasdaq_1-1) ["HiSoft is the 144th China-based Company to List on the NASDAQ"](http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=486347). *News release*. The NASDAQ OMX Group. July 8, 2010. Retrieved June 11, 2013. 1. ^ [***a***](#cite_ref-f1_2-0) [***b***](#cite_ref-f1_2-1) ["HiSoft Technology International Limited"](https://www.sec.gov/Archives/edgar/data/1493639/000095012310058925/h04040fv1.htm). *F-1 prospectus*. June 17, 2010. Retrieved June 11, 2013. 1. **[^](#cite_ref-3)** ["Investors"](https://web.archive.org/web/20080109013354/http://www.hisoft.com/About/Investors.asp). *Company web site*. Archived from [the original](http://www.hisoft.com/About/Investors.asp) on January 9, 2008. Retrieved June 11, 2013. 1. **[^](#cite_ref-4)** ["HiSoft Technology International Limited Announces Pricing of Initial Public Offering on the NASDAQ Global Market"](https://web.archive.org/web/20120302055155/http://www.mzcan.com/us/HSFT/irwebsite/index.php?secmod=announcements&mod=announcedetail&id=1). *Press release*. June 30, 2010. Archived from [the original](http://www.mzcan.com/us/HSFT/irwebsite/index.php?secmod=announcements&mod=announcedetail&id=1) on March 2, 2012. Retrieved June 11, 2013. 1. **[^](#cite_ref-5)** ["hiSoft Acquires U.S.-based IT Consulting Firm, Nouveon Technology Partners, Inc"](https://web.archive.org/web/20110722011319/http://www.hisoft.com/hisoft-acquires-us-based-it-consulting-firm-nouveon-technology-partners-inc). *Press release*. July 8, 2011. Archived from [the original](http://hisoft.com/hisoft-acquires-us-based-it-consulting-firm-nouveon-technology-partners-inc) on July 22, 2011. Retrieved June 11, 2013. 1. **[^](#cite_ref-6)** ["BearingPoint buyout gives HiSoft a toehold"](http://www.theaustralian.com.au/australian-it/it-business/bearingpoint-buyout-gives-hisoft-a-toehold/story-e6frganx-1226480530537). *The Australian*. September 25, 2012. Retrieved June 11, 2013. 1. **[^](#cite_ref-7)** ["HiSoft Technology International Limited"](https://www.sec.gov/Archives/edgar/data/1493639/000104746910009961/a2200858zf-1.htm). *F-1 prospectus*. November 22, 2010. Retrieved June 11, 2013. 1. **[^](#cite_ref-8)** ["The 2010 Global Outsourcing 100"](https://web.archive.org/web/20101224055816/http://www.iaop.org/content/23/152/2040). International Association of Outsourcing Professionals. Archived from the original on December 24, 2010. Retrieved June 11, 2013. 1. **[^](#cite_ref-9)** ["The 2010 Global Outsourcing 100: Sub-Lists"](https://web.archive.org/web/20110227000912/http://www.iaop.org/content/23/152/2041/). International Association of Outsourcing Professionals. Archived from [the original](http://www.iaop.org/content/23/152/2041/) on February 27, 2011. Retrieved June 11, 2013. ## External links - [hiSoft Official Website (English)](https://web.archive.org/web/20100118044734/http://hisoft.com/) v t e Outsourcing companies of China China-based Digital China Inspur iSoftStone Neusoft Pactera (formerly HiSoft and VanceInfo) PCCW Solutions China China-focused TCS China --- Adapted from the Wikipedia article [HiSoft](https://en.wikipedia.org/wiki/HiSoft) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/HiSoft?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.