Mar 31 2010
VanceInfo Technologies Inc. (NYSE: VIT) ("VanceInfo") (the "Company"), an IT service provider and one of the leading offshore software development companies in China, today announced an agreement to provide a comprehensive telecommunications back-end management system for Chuan Wei (Cambodia) Company Ltd. ("Chuan Wei"), a provider of cutting-edge broadband services in Southeast Asia.
The agreement, signed at a ceremony in Phnom Penh by David Chen, President of VanceInfo, and Chuan Wei's Chairman and CEO, Alan Khov, comes following a rigorous global vendor search and evaluation by Chuan Wei.
Chuan Wei offers corporate communications services in Cambodia through a nationwide fiber-optic network and is planning to introduce wireless broadband services. "Chuan Wei will play a leading role in establishing world-class broadband and ICT infrastructure in Cambodia, so we can afford to work with nothing less than world-class IT services companies having expertise in the telecom space," said Mr. Khov. "Our goal is an integrated solution to handle not only our business and operational support systems (B/OSS), but also billing and customer-relationship management. VanceInfo's software will underpin a new, higher-quality breed of Internet services in Cambodia." Although Internet usage in the country of 15 million people has nearly doubled the past five years, the overall penetration rate is at less than 1 percent of the population. Chuan Wei expects a surge in demand when affordable wireless broadband services become more widely available.
"We are pleased to be selected by Chuan Wei to develop and implement an end-to-end solution for their telecom needs, and excited to help Cambodia advance in the field of information and communications technology," added Mr. Chen. "Our strong IT service offerings in the telecom space allow us to provide a solution that is customized to their specific business, technical and geographic requirements. As with all our clients, we are committed to delivering first-class IT services to Chuan Wei that support an expected rapid expansion of business in the emerging Cambodian telecom marketplace."
VanceInfo performs IT services across multiple geographies including Asia Pacific, the Americas, and Europe for many Fortune 500 clients including leading telecom carriers in mainland China and Hong Kong as well as prominent technology firms such as Microsoft and IBM. The engagement with Chuan Wei in Cambodia sets a new milestone for the Company's strategic business expansion in the South East Asia region.