VanceInfo Technologies, a China Based Outsourcer, Shows India They Can Do it Too

When the world wants to outsource technology services, India usually comes to mind first, not China. This is apparent by the sheer size of the market where India’s outsourcing market is worth US$70 billion a year compared with China’s US$20 billion. However the leading China based IT outsourcing provider, VanceInfo is making headway around the world.

Based on revenue, VanceInfo is the number one Chinese outsourced provider for the North America and European markets for the past four years, according to IDC. The most popular services, the Beijing based company performs are software product development, customer IT application development such as Expedia and Cathay Pacific’s flight and passenger related systems and enterprise solutions such as Oracle and SAP ERP system implementation and maintenance. Clients are big global companies such as Microsoft, 3M, IBM and Citibank; typically Fortune 1,000 companies.

Forbes recently reported on the company collected $212 million in revenue last year and turned in a $30 million net profit. This year consensus estimates call for $276 million in revenue and a $40 million profit. Analysts say revenue could jump to $345 million next year.

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