Companies Offering China-Related IT Services Form Global Alliance
Founding Board Members Include: Achievo, Beyondsoft, Freeborders, hiSoft, iSoftStone, Neusoft, Symbio and VanceInfo
San Jose, CA (PRWEB) November 12, 2009 -- Hau Yuan Science and Technology Association (“HYSTA”), a premier network of Chinese professionals, entrepreneurs, and executives in the United States today announced the launch of the China Global Services Alliance (CGSA) to facilitate business and trade in IT services delivered primarily from China.
The founding board members of CGSA include executives from Achievo, Beyondsoft, Freeborders, hiSoft, iSoftStone, Neusoft, Symbio and VanceInfo. Analysts estimate the combined revenues of these eight companies to be $1 billion – accounting for approximately 30 percent of China’s offshore outsourcing market.
CGSA’s mission is to promote China’s leadership position in the global sourcing IT market by becoming a strategic advisor to the industry. The following strategies have been identified to accomplish this mission:
| | - Strengthen the brand equity of China as a premier global sourcing destination
- Partner with global stakeholders (governments, analysts, etc.) to promote the industry in global markets –including working with governments and embassies to make the Visa and Work Permit rules more “China Friendly”
- Engage with member companies and stakeholders to build strategies that achieve shared aspirations for the industry
- Expand the quantity and quality of the talent pool in China
- Encourage members to uphold world-class quality and service delivery standards
- Campaign against software piracy
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China IT service outsourcing is a fast growing industry. Despite the economic downturn in 2009, China IT outsourcing has maintained a 20% growth rate. According to IDC’s 2009 market analysis, the Chinese IT outsourcing industry is expected to continue growing at a five-year CAGR of 23%, on pace to surpass India and become a recognized global leader in the global IT services industry.
“The fast growth of the China IT outsourcing industry has created a fragmented market with many small and medium size players. The fragmented market needs an aggregated voice,” David Chen, President of VanceInfo ,and a CGSA founding member, commented. “Located in the USA, HYSTA is in a unique position politically and economically. With membership including many Fortune 500 companies, HYSTA has a big influence in business. VanceInfo is looking forward to further strengthening its relationship with HYSTA through active participation in CGSA.”
Ed Yang, President of iSoftStone Inc, added, “Forming a Global Service Alliance is essential to China's long-term success in the IT Outsourcing industry. If China's IT Service providers are to take their place as worldwide leaders, it is essential that we recognize our relative strengths as well as our weaknesses. A Global Services Alliance is the appropriate forum through which government and IT Services providers can work together to address many issues at the macro level.”
President of Microsoft Online Services Division and HYSTA Global Services program advisor, Qi Lu, noted “The formation of CGSA marks a milestone for both HYSTA and the China outsourcing industry. CGSA will focus on promoting and increasing the awareness of the Chinese service industry as a whole. Hua Yuan, the first two words of HYSTA, means "Chinese origin" and represents HYSTA's deep roots in China. We will leverage the HYSTA brand and resources in the U.S. and Silicon Valley to support Chinese related outsourcers.”
The official decision to form CGSA was made during the HYSTA 2009 Annual Conference in early October. The next board meeting is expected to be held in December, 2009.
About HYSTA
HYSTA aims to promote entrepreneurship and career development among Chinese professionals in the U.S., and to facilitate networking and exchange of business ideas among successful Chinese entrepreneurs and executives in the U.S. and China. HYSTA's Annual Conference has been credited as one of the best business conferences in Silicon Valley where it is headquartered. Past speakers include Al Gore, Former Vice President and Nobel Peace Prize winner, Jerry Yang, Co-Founder of Yahoo!, YuanQing Yang, Chairman of Lenovo and John Chambers, Chairman and CEO of Cisco Systems. For more information, please visit http://www.hysta.org.
Media Contact:
Cynthia Liu
HYSTA Global Services
(408)306-0427
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